Legal Question in Tax Law in California

Business - taxation

I intend incorporating a company for doing business on the Internet, a simple ecommerce site. I currently live in California, so my Business would be functioning from California.

My question is from the taxation percpective am I better of incorporating in Nevada and running the Business from California or just incorporate in the state I would be running the business i.e. California.

Thanks for the help!


Asked on 9/25/03, 6:49 am

2 Answers from Attorneys
Ken Koenen Koenen & Tokunaga, P.C.

Re: Business - taxation

You will need to pay California taxes for any operation in California, no matter where you are incorporated.

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Answered on 10/03/03, 2:44 pm
Joel Selik www.SelikLaw.com

Re: Business - taxation

There would be little if any tax advantage for a small to medium size company of incorporating in Nevada. There are some small other advantages but it increased the incorporation cost by 20 to 50%.

Joel Selik

Las Vegas & San Diego

www.SelikLaw.com

800-894-2889

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Answered on 10/03/03, 4:45 pm


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