Hello,
Thanks in advance for your expert advice. I am in the process of forming a clothing design company. I haven't chosen a state for the business yet, because i am looking avoid some states sizable franchise tax, since i am on a challenged budget for the first year. I have total flexibility as far as where to establish my business. (I am a resident of CA, if that makes a difference). Oh, another detail: I will be outsourcing material and labor to Italy and storing finished goods there (if that's a problem with saving $, then i will store state-side).
On a limited budget, do i form an LLC or S corp? and which state most friendly to saving start-ups money/taxes/etc?
I appreciated you time and advice.
Devvon2
Thanks in advance for your expert advice. I am in the process of forming a clothing design company. I haven't chosen a state for the business yet, because i am looking avoid some states sizable franchise tax, since i am on a challenged budget for the first year. I have total flexibility as far as where to establish my business. (I am a resident of CA, if that makes a difference). Oh, another detail: I will be outsourcing material and labor to Italy and storing finished goods there (if that's a problem with saving $, then i will store state-side).
On a limited budget, do i form an LLC or S corp? and which state most friendly to saving start-ups money/taxes/etc?
I appreciated you time and advice.
Devvon2