its going to depend a lot on which state you want to incorporate in do you know which state you’d like?
writen by Matt Gale
hahaha im canadian so all i know about US tax law is from podcasts and hollywood
but afaik the reason delaware is the choice is that you have a corp in delaware that owns the trademark/brand of your company, and a subsidiary company “licences” that from the delaware corp, to reduce the profit of the subsidiary to as low as possible (the licencing fee that is paid is configured based on the subsidiary’s profit), and the delaware corp pays a lower tax on the profit from licencing per delaware law
all that to say, you likely want legal professionals to manage that configuration for you. No idea how easy or hard that is to do yourself
writen by Matt Gale
this episode gives a pretty good 2 cent tour iirc https://www.npr.org/transcripts/1127203699
writen by Matt Gale
There was a thread on this recently in IndieWorldWide I’ll DM you some that were mentioned.
Also I’ve hear of people using http://www.clerky.com|www.clerky.com to form their delaware corp. They have a fixed price fee for company lifetime that incluedes a bunch of stuff, but most of this is more likely to be helpful if you plan on raising money.
writen by Pascal Bovet
Didn’t you mention on Twitter that you are going to stick to creating a portogues company?
writen by Pascal Bovet
Yup. Most likely… I have spoken with a lot of people and everyone says its easy but then when we really dig in into the dettails things become complex real fast XD
writen by Tiago Ferreira
100% I looked at a bunch of information when I started out and glad that eventually I decided to just create a LLC in NY instead. Much less of a hassle.
writen by Pascal Bovet
i have a friend who is dual Venezuela/Canada and as a Venezuelian its hard for him to get access to financial serivces
he ended up creating an LLC in florida to be a passthrough that pays his canadian bank
writen by Matt Gale
great question James Trimble. I think the main reason would be to pay less taxes and the second because they are easier to manage
writen by Tiago Ferreira
