Tax

Have a Tax Question? Ask a Tax Expert

Ask an Expert,
Get an Answer ASAP!

Tax

What is the most tax friendly and business friendly (cheap

Customer Question
to start and maintain a...
What is the most tax friendly and business friendly (cheap to start and maintain a business) state for logistics, supply chain management, warehousing type of business. Company formed in US by International, e.g. in Delaware, Nevada. Need to hire few employs, rent a warehouse and operate in those fields.
Submitted: 6 years ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 2 minutes by:
7/1/2011
Tax Professional: Wallstreet Esq., Tax Attorney replied 6 years ago
Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 17,252
Experience: 10 years experience
Verified

Wallstreet Esq. :

Hello I am a licensed attorney here to help you with your question, please review my response and do not hesitate to ask for clarification

Wallstreet Esq. :

If location is not important, States such as Nevada and Wyoming are the best States to run a business, as the State laws are corporation friendly, and both have no States tax.

Wallstreet Esq. :

Seven states (Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming) do not tax personal income.

JACUSTOMER-pgf1j4xh- :

What about Delaware please

Wallstreet Esq. :

Deleware is known for it's strong corporate laws, and is a good place to create or incorporate your business, however they have a State income tax, and is not known for it's business friendly climate, compared to the others.

Wallstreet Esq. :

Many US corporations have incorporated in Deleware, and maintain the head office their.

JACUSTOMER-pgf1j4xh- :

the thing is those states you listed are too far from airports i prefer

Wallstreet Esq. :

Where would you ship from?

JACUSTOMER-pgf1j4xh- :

My favorite airpots are: Los Angeles, Chicago, New York, Washington

JACUSTOMER-pgf1j4xh- :

actually the only matching I see is Washington

JACUSTOMER-pgf1j4xh- :

but cost of business is going to be high there I believe

Wallstreet Esq. :

That is Washington State,

JACUSTOMER-pgf1j4xh- :

oh Washington state

Wallstreet Esq. :

Nevada may be fine as it is close to CA,

JACUSTOMER-pgf1j4xh- :

even worse

JACUSTOMER-pgf1j4xh- :

Yes, from the list you have it's the closest than

JACUSTOMER-pgf1j4xh- :

but it's still a way far... 10h to drive

Wallstreet Esq. :

Deleware, actually would be good for you as well,

JACUSTOMER-pgf1j4xh- :

I already have a Delaware company

JACUSTOMER-pgf1j4xh- :

LLC

JACUSTOMER-pgf1j4xh- :

but no employs, no operation, nothing yet.

Wallstreet Esq. :

The rents are cheaper than other cities in the mid atlantic

JACUSTOMER-pgf1j4xh- :

I have an EIN and Corporate bank account in NY

JACUSTOMER-pgf1j4xh- :

New York

JACUSTOMER-pgf1j4xh- :

since i'll be hiring ppl and renting warehouse, also getting license of operations etc...

JACUSTOMER-pgf1j4xh- :

I don't want to be in troubles really, this is going to be my first US Company and a real operation

JACUSTOMER-pgf1j4xh- :

that's the reason I do the further research like that

JACUSTOMER-pgf1j4xh- :

In addition with the best location for this kind of business

Wallstreet Esq. :

Around NYC, their are several areas to choose, but rents and costs of business are high

Wallstreet Esq. :

NJ, may be good for you their rents are much lower than NY, and you are near Newark airport

JACUSTOMER-pgf1j4xh- :

you said Delaware is ok

Wallstreet Esq. :

Ye Del, is fine as well it has cheap rent for space and only a few hours from DC, NYC, and Philadelphia

JACUSTOMER-pgf1j4xh- :

200 mil to those Airports are OK to me, so Delaware to Washington D.C. and New York is acceptable

JACUSTOMER-pgf1j4xh- :

ya

Wallstreet Esq. :

yes

JACUSTOMER-pgf1j4xh- :

but what's the problem with it than

JACUSTOMER-pgf1j4xh- :

you didn't list it from the beginning

Wallstreet Esq. :

It has a state income tax, unlike the ones listed above

JACUSTOMER-pgf1j4xh- :

but it's only $250 or so per year

JACUSTOMER-pgf1j4xh- :

fixed

JACUSTOMER-pgf1j4xh- :

is that the only downside you see?

Wallstreet Esq. :

Delaware's corporate tax structure consists of a flat rate of 8.7% on all corporate income. Among states levying corporate income taxes, Delaware's rate ranks 10th highest. In 2009, state-level corporate tax collections (excluding local taxes) were $237 per capita, ranking 6th highest among states that tax corporate income.

Wallstreet Esq. :

And they have income tax

Wallstreet Esq. :

Deleware is fine, if you want to be near major US cities, and airports and want to save on rent, wages and taxes

JACUSTOMER-pgf1j4xh- :

but i'm an international, does that makes any difference in terms of taxes

JACUSTOMER-pgf1j4xh- :

and is Delaware a friendly to business for operation license requirements

Wallstreet Esq. :

yes, Deleware is fine for International corporations, and for what you are looking for it is better than the other area states

Ask Your Own Tax Question
Ask Wallstreet Esq. Your Own Question
Wallstreet Esq.
Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 17,252
17,252 Satisfied Customers
Experience: 10 years experience

Wallstreet Esq. is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

17,252 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,300 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,310 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

Robin D.

Robin D.

Senior Tax Advisor 4

13,695 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,651 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

R. Klein, EA

R. Klein, EA

Enrolled Agent

1,839 satisfied customers

Over 20 Years experience

< Previous | Next >

Related Tax Questions
I am completing my personal income taxes. For this filing
I am completing my personal income taxes. For this filing year, I left my corporate career to manage my real estate full time. Therefore, the real estate is moving from a passive activity to an active… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I inherited rental properties. I got an LLC set up using an
I inherited rental properties. I got an LLC set up using an EIN number with a property management who no longet works for me.Can I remove their EIN number? legalgems… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Are you familiar with income tax laws on business and
Are you familiar with income tax laws on business and personal returns? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
A foreign individual is a member of a US LLC. Are there any
A foreign individual is a member of a US LLC. Are there any extra requirements for filing when it comes to the partnership return?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,463 satisfied customers
Dose mean can not deduct state income taxes only or dose it
dose mean can not deduct state income taxes only or dose it includes property taxes too … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I operate a business (sole proprietorship LLC) in the State
I operate a business (sole proprietorship LLC) in the State of Iowa. When taking a client out for dinner, can I claim the entire bill as a business expense on my income tax?… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
Given that the current 1041 tax rate on 401(k) income is
Given that the current 1041 tax rate on 401(k) income is $3206 + 39.6% over $12,400, what will be the new tax rate and will it apply for 2017?… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
Question for a Tax Attorny who Knows US tax Laws regarding
Question for a Tax Attorny who Knows US tax Laws regarding Foreign Companies ? My company is a Cayman Company (#1) (Foreign) owned by USA Citizens (2). Company (#1) filed IRS Form 8832 to be Taxed as … read more
taxmanrog
taxmanrog
Master\u0027s Degree
698 satisfied customers
Is real estate income taxed only in the state they are
Hi. Is real estate income taxed only in the state they are generated in? For example, if someone owned investment real estate in Texas that has a 0% state income tax and lives in Pennsylvania, would t… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,695 satisfied customers
REGARDING THE FEDERAL TAX LAW INTHE US. IF ONE RECEIVES
REGARDING THE FEDERAL TAX LAW INTHE US. IF ONE RECEIVES ALIMONY PAYMENTS, WHAT CAN QUALIFY AS TO ***** REDUCE THE TAX ON THE ALIMONY RECEIVED ? CAN BUSINESS LOSES BE CARRIED OVER TO REDUCE THE TAX ON … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,695 satisfied customers
NYS can collect personal income tax for 20 years? But the
Hi - So NYS can collect personal income tax for 20 years? But the Fed can only collect for 10? … read more
abci168
abci168
Principal
27 satisfied customers
What would the federal and state tax rate percentages be for
What would the federal and state tax rate percentages be for a $7700 IRA early withdrawal in Ohio?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,463 satisfied customers
I am preparing a corporate tax return. The company is a
I am preparing a corporate tax return. The company is a payroll company based in NJ but almost all of the clients are in NYC. Is the income generated from NY clients require a NY S corporate tax retur… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
This is a question about state income taxes between IL and
This is a question about state income taxes between IL and WI. Earlier this year, my wife and I were living in WI, I worked for a WI employer and she worked for an IL employer. We filed state taxes in… read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
723 satisfied customers
I received a notice from a law firm that collects delinquent
Good morning. I received a notice from a law firm that collects delinquent school district real estate taxes. My tax bill for 2016 was delinquent. It stated the full amount must be received in their o… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
What is the income tax rate if it is not withdrawn from the
Hi! What is the income tax rate if it is not withdrawn from the LLC? The owner has not withdrawn any balance from the business all the amount reinvested into the business. Thank you!… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,463 satisfied customers
How many years can Louisiana go back to collect state they
how many years can Louisiana go back to collect state they say I owe … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Does Colorado state law follow IRC Section 1.761-2()(2)
Does Colorado state law follow IRC Section 1.761-2(b)(2) election to be excluded from Subchaper K for an LLC holding one investment property? … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x