Also, he forgot to mention that the biggest majority of Matt's compensation was in stock options that are to this day in the RED. He needs the PPS to go up to realize anything from those options.
A lot of small and large busineess incoporate in Nevada and Delaware. They are the TOP 2 in the U.S. He is in big company in Nevada, don't sell him short.
The Best State to Incorporate
.When starting a business, one of the hardest decisions you will need to make is where to incorporate. Many times, it makes perfect sense for a business to incorporate in the state where the owner resides. However, some states offer better benefits for your business than others do. When looking to incorporate your business, speak to an attorney to get the best idea of where to incorporate based on your situation.
Delaware Possibly the best state to incorporate in, Delaware is the location which most of the Fortune 500 companies have incorporated in. There are several advantages to incorporating in Delaware which other states to not offer new businesses. Delaware does not charge income tax on companies who are incorporated there, but conduct business outside of the state. This is good because if you choose to incorporate there and expand to other states, you won't have to pay Delaware for that business. Also, Delaware has a corporate law system which uses judges instead of juries. The judges are appointed based on their knowledge of corporate law, taking verdicts out of the hands of juries, whose knowledge of corporate law may be limited. Finally, Delaware does not tax your shareholders if they live outside of the state.
Nevada
Nevada is another great state to incorporate in because of the tax structure and large confidential corporate system. Due to the legalization of gambling, the state is awash in revenue. Because of this, there is no corporate or personal income tax. Also, shares of stock are not taxed and there is no franchise tax. The regulations for incorporating in Nevada are also very business-friendly. The annual fee for incorporating in Nevada is nominal when compared to other states. Also, the state requires very minimal reporting and disclosures. The names of stockholders are not public record, which will protect the privacy of your investors (In fact, Nevada doesn't share information with the IRS). Finally, the annual meeting does not have to be located in Nevada, and the stockholders and directors do not have to live there.
Big Reason:Because of this, there is no corporate or personal income tax. Also, shares of stock are not taxed and there is no franchise tax.
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