What are the benefits of incorporating in DE instead of NY where I am?

Question

I am starting an internet based business and I am doing research on incorporation. I think I have it narrowed down to an LLC. All the info I am coming across is saying it's better to incorporate in DE or NV. How would that work as far as taxes and does it matter that I am not in DE?

Answer 1

There are many companies that will serve as your "official corporate office" in Delaware.  Most companies in the US are incorporated in Delaware and most of those do very little of their actual business in Delaware.

The reasons to incorporate in Delaware, it's cheap, it's easy, and the taxes are minimal compared to those in most states.

Answer 2

Huge tax benefits to incorporating in DE.  But I think you have to have an office in that state to incorporate there.