What state should you incorporate in? [Video]
Incorporation is an important part of starting your own business, but the process can sometimes be confusing, especially when it comes to choosing which state to incorporate in.
There are a number of factors to consider when selecting which state your business will be incorporated in. One option is to simply incorporate in your home state. This involves filing incorporation paperwork and paying filing fees to the secretary of state there, and running your business under the guidelines and tax regulations your state employs.
Many businesses, however, choose to incorporate in other states, like Delaware or Nevada. Things can then become a bit more complex because you are then conducting business outside of the state of incorporation.. In these cases you are likely to be required to register your company in any other state you are operating from. This involves filing qualification paperwork there, in order to legally operate your business there. It is important to seek advice from an accountant or attorney to makes sure you understand the requirements and legal responsibilities you may have to other states, before making your final decision, as to the best state of incorporation for YOUR company.
When you have decided on the best choice for your business, CorpCo is then ready to help you through the incorporation process.