- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Incorporating in Delaware
Posted on 3/17/11 at 2:09 pm
Posted on 3/17/11 at 2:09 pm
Are there any benefits (i.e. tax breaks or fees) to opening an LLC in Delaware relative to other states? My high school business teacher told us that Delaware had little to no LLC income tax but I find that hard to be true.
4
Posted on 3/17/11 at 2:13 pm to TheSurge
Posted on 3/17/11 at 2:24 pm to TheSurge
quote:
Are there any benefits (i.e. tax breaks or fees) to opening an LLC in Delaware relative to other states? My high school business teacher told us that Delaware had little to no LLC income tax but I find that hard to be true.
The reason everyone incorporates in delaware is the legal environment. They made themselves the most business friendly state in the country.
Posted on 3/17/11 at 2:33 pm to TheHiddenFlask
Yeah, the body of eatablished case law and the ability to export it via the internal affairs doctrine provides substantial benefits when it comes to transaction liability.
Posted on 3/17/11 at 3:02 pm to Athanatos
Good to know, thanks
Posted on 3/17/11 at 3:47 pm to TheHiddenFlask
quote:Correct.
The reason everyone incorporates in delaware is the legal environment. They made themselves the most business friendly state in the country.
Posted on 3/17/11 at 11:07 pm to TheSurge
quote:
My high school business teacher told us that Delaware had little to no LLC income tax but I find that hard to be true.
LLC's typically do not have their income taxed at all...
quote:
The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation.
The usual reason given why people incorporate in Delaware is because the body of corporate law there is so well established, and is also relatively business-friendly compared to other states. (Think about issues like plaintiffs' strike suits, state/local anti-self dealing laws, poison pills [in the case of corporations, not LLCs], etc.)
Posted on 3/18/11 at 12:38 am to TheSurge
quote:One thing to think about is that you can be sued in Delaware if you form your entity there. If you cannot afford to defend a lawsuit in another state, you might want to think about that.
Are there any benefits (i.e. tax breaks or fees) to opening an LLC in Delaware relative to other states? My high school business teacher told us that Delaware had little to no LLC income tax but I find that hard to be true.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News