Delaware Investments
Incorporating a business?
If I live in Indiana, but my business is operating out of New York and generating income in New York only, is there a tax benefit to be incorporated in one state over the other? Also, could I incorporate in Delaware? By the way, I am thinking of making the business an LLC. Just an fyi, the business is investment properties.
No more advantage unless you are getting some kind of protection from the state. If you are doing business in NY it does not matter where you are Incorporated, you automatically fall under NY laws & reporting requirements.
LLC helps with the liability side, also consult a accountant & a lawyer, most will meet for free at first to earn your business, have questions ready & wait a bit due to tax season.
Best of Luck
Delaware Adds Chief -Oct 15