Re: s corp tax shelters

It is NOT a tax shelter. You must still qualify to do business in California and pay the min. franchise taxes.

JOEL SELIK Attorney at Law

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Re: s corp tax shelters

You are probably making a mistake by incorporating in Nevada. First, every corporation needs to be authorized in the states in which they do business. Unless you are actually having an office in Nevada, it would be a waste to set-up a Nevada corporation.

Secondly, have you considered a Limited Liability Company. In California, thee is crazy taxation of LLC's, nevertheless, depending on the nature of your business, it might be the appropriate structure.

My website, http://taxesq.com/ has a Choice of Business entity selector which you should try.

I hope this helps!

Ron Cappuccio

Re: s corp tax shelters

in addition to the need to qualify as a corporation doing business in california with the california secretary of state and file california corporation income tax returns, there are numerous other tax and formation issues which should be thoroughly considered before starting a business which will operate in capifornia.

Re: s corp tax shelters

You can review my website as well as my resume at www.christopherbrainard.com

Best regards.