Flying Squid@lemmy.world to Political Memes@lemmy.world · 1 day agoR.I.P.lemmy.worldimagemessage-square56fedilinkarrow-up11.27Karrow-down19
arrow-up11.26Karrow-down1imageR.I.P.lemmy.worldFlying Squid@lemmy.world to Political Memes@lemmy.world · 1 day agomessage-square56fedilink
minus-square0^2@lemmy.dbzer0.comlinkfedilinkarrow-up1·edit-211 hours agoSo… register an LLC, once you have fed tax id, then send https://www.irs.gov/pub/irs-pdf/f2553.pdf to IRS and bam you are an s-corp. Which states are lax about corp laws?
minus-squareCosmicTurtle0@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·6 hours agoThis was a few years ago. Pretty much most of the red flyover states (Arkansas, Minnesota, etc.) Basically my criteria was: very low or free filing reporting requirements that can be filed online had strong liability protections Most states (even blue states) have pretty strong liability protections so long as you write your bylaws correctly. But free filing was rare. Most had some sort of annual business license fee.
So… register an LLC, once you have fed tax id, then send https://www.irs.gov/pub/irs-pdf/f2553.pdf to IRS and bam you are an s-corp.
Which states are lax about corp laws?
This was a few years ago. Pretty much most of the red flyover states (Arkansas, Minnesota, etc.)
Basically my criteria was:
Most states (even blue states) have pretty strong liability protections so long as you write your bylaws correctly.
But free filing was rare. Most had some sort of annual business license fee.