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I have some questions regarding creating a business entity,

 
Stephen G's Avatar
  • Answered by:Stephen G
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Customer Question

I have some questions regarding creating a business entity, Should I just create a privately held business with an employee tax number or incorporate in CA where I live, Deleware, or Navada. The purpose is mainly to to provide a payrol for myself that would meet requirements to qualify for a refince of my mortgage

 

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Country/State/Province of question: usa, california

Already Tried:
phone calls mostly getting voicemail and leaving messages

Submitted: 411 days ago.
Category: Finance
Value: $38
Status: CLOSED

Accepted Answer

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Expert:  Stephen G replied411 days ago.


Stephen E. Grizey :

You are talking about an awful lot of expense, not just from doing business as a corporation, but from running a payroll, paying all the payroll taxes, etc. Further, most banks & finance companies look at closely held businesses as self-employment anyway.

Stephen E. Grizey :

What type of business are you talking about?

Customer :

I've got a search ingine local directory business. Just relaunching it. And am wondering if incorporating could position me independently from it

Customer :

My thought is possible creating a Nevada Corp

Customer :

Does that provide some anonymity

Expert TypeSr Financial Expert
Category: Finance
Pos. Feedback: 95.9 %
Accepts: 260
Answered: 5/4/2012

Experience: Extensive Experience with Tax, Financial & Estate Issues

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