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| red sox 777 06/14/21 1:27:32 AM #354: | There's probably rules regarding home offices. Hmm. I think the primary benefit of this idea is to avoid state taxes. You would incorporate the corporation in a zero tax state and have it based in a zero tax state. If the only business the corporation does is trade stocks, I don't believe (without having researched this in depth) that it would be considered to be doing business in the state where its CEO/sole shareholder is living. If you ever want to cash out and transfer the funds to yourself as an individual, you would do it after having moved to a zero state income tax state. I guess if that's going to be the position taken then I also would not want to claim my residence as my office. Since if the corporation has an office in the state it should also pay state corporate taxes.... --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! ... Copied to Clipboard! |
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