First considerations after a new business decides to incorporate is where to incorporate. For most businesses, incorporate in the state where the corporation will do most of its business. This rule holds especially true for smaller businesses that will likely not expand significantly, or that do not want to conducting business outside of their home state. So, incorporating in your business's home state is usually the safest to start your new business. Then if, after your corporation has been up and running for some time, it appears that you may need to conduct business in another state, you can always register in another state as a foreign corporation also known as "Foreign Entity"
Each state has its own legal requirements and registration procedures for new businesses wishing to incorporate. Certain states are well known as favorable homes for corporations or forming an LLC, due to their unique incorporation laws and favorable tax policies.
Most popular states in United States are:
- Nevada
- Delaware
- Wyoming
Don't forget: We are an international company formation provider so we are able to form your company all around the world.
COMPARE DELAWARE vs NEVADA vs WYOMING:
| BENEFITS | DELAWARE
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NEVADA
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WYOMING
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| No state corporate income tax | |
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| No tax on corporate shares | ✓
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| No franchise tax | |
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| Minimal annual fees | |
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| One-person corporation is allowed | ✓
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| Stockholders are not revealed to the State | ✓
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| No annual report is required until the anniversary of the incorporation date | |
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| Unlimited stock is allowed, of any par value | ✓
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| Nominee shareholders are allowed | |
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| Share certificates are not required | |
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| Minimal initial filing fees | |
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| No minimum capital requirements | ✓
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| Meetings may be held anywhere | ✓
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| Officers, directors, employees and agents are statutorily indemnified | |
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| Continuance procedure (allows Wyoming to adopt a corporation formed in another state) | |
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| Doesn't collect corporate income tax information to share with the IRS | |
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