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re: I’m not 100% sold that Delaware exists

Posted on 5/4/20 at 1:29 am to
Posted by Mo Jeaux
Member since Aug 2008
59517 posts
Posted on 5/4/20 at 1:29 am to
quote:

You’re 100% correct about LLC’s being incorporated there. People living in other states constantly asked to use my home address for tax purposes & to incorporate there. It’s a tax shelter state with zero sales tax. I still go home often & the landscape is nice. Not much else to see or do though.


There’s a decent amount wrong here. First, LLCs aren’t incorporated. They’re formed. Corporations are incorporated.

Second, you don’t have to have an address there (other than a registered office for service of process, but there are service providers that are paid for that) to form or incorporate an entity there.

Third, it’s not a tax shelter state. I have no clue what that means. Yes, there is no sales tax there, but that has nothing to do with being a tax shelter.

Fourth, they have nice beaches.
This post was edited on 5/4/20 at 1:44 am
Posted by Howyouluhdat
On Fleek St
Member since Jan 2015
7569 posts
Posted on 5/4/20 at 6:29 am to
quote:

There’s a decent amount wrong here.


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