Choosing to incorporate is an individual choice. When you decide that incorporation is right for you whether you are in Alaska, New York, Texas, Florida or California (or any of the other fifty states.) You will discover that there are options about how to approach incorporation. One option, the traditional one, is hiring a lawyer. It’s typical to associate attorneys…
The Milken Institute, a publicly supported, independent think tank released its annual Cost-of-Doing Business Index this fall. This index evaluates each state in terms of their ability to attract and retain business. It measures a state’s costs associated with wages, taxes, electricity, and real estate (both industrial and office space). States with a low cost of doing business have, on…
In the past few years, South Dakota has promoted itself as a great place to do business. Their claims seem to be supported by several studies that place South Dakota high in their rankings. For example, South Dakota was ranked No. 1 by the Tax Foundation (2005) and No. 3 by Pollina Corporate Real Estate (2005) for having the best…
Business means big bucks for any state that can lure a company to their borders. With the arrival of a new business, it typically signals new jobs and tax revenues for that state. Therefore, the incentive for states to offer elaborate tax refund packages is great. However, as many critics of such tax incentives will agree, this is only a…
As much as we all dread it, another tax season is just around the corner. The mere thought is enough to make any individual choke down two aspirins and crawl into a tight ball. For a new business owner, completing federal and state taxes can be frustrating and overwhelming to understand. However, if you are an unincorporated business entity such…
Want to incorporate in Delaware? Over half of the Fortune 500 companies are. So what makes the state of Delaware so attractive? 1. Cheap 2. Residency Not Required 3. Out-of-State Businesses Don’t Have to pay State Corporate Tax 4. One Person can hold all the Key Positions as Sole Director 5. Delaware Courts do not use a Jury System for…
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