Forming A Llc In Nevada
[mage source="flickr"]Forming A Llc In Nevada[/mage]
I need to form a company in Calif/USA. Min tax is $800/year. I won’t make $ for first 2 yrs. What to do?
I’ll be pursuing angel and/or VC funding (have lots of experience with this) — but for now, do NOT want to pay $800 in taxes just because I have an LLC, when I’m SURE the company won’t be making any income in that period.
Should I do a Nevada corp? Delaware? Something else? What about the California 1-year sort-of exemption from the $800 (which I can’t quite figure out!)
Thanks!
You don’t have to pay the $800 the first year. If your not going to make money in 2 years then you are probably just wasting your time forming the company and it will be a hassle to do filings and such which you will have to do regardless. Or you can do it in Delaware or another state instead.