What state is best? I was going to go with mississippi cause they have the lowest insurance rates
Where to register LLC?
Discussion in 'Ask An Owner Operator' started by Wespipes, Aug 22, 2019.
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
FlaSwampRat Thanks this.
-
Wespipes Thanks this.
-
Delaware has a 8.5% corporate tax rate Tn for example is only 6.5%
FlaSwampRat Thanks this. -
-
Says Mississippi is 3-5% plus a corporate franchise tax.
FlaSwampRat Thanks this. -
Mississippi has no corporate tax for s-corps. Gonna need to talk to an accountant see if I can do an s-Corp. That combined with lowest insurance rates Ya think imma go with Mississippi
FlaSwampRat Thanks this. -
Maine imposes an income tax on all entities organized as corporations and that haveMaine-source income. The corporate income tax is graduated, with rates ranging from 3.5% (for income up to $350,000) to 8.93% (for income in excess of $3,500,000).
Corporate Income Tax - Maine.gov
Wespipes and FlaSwampRat Thank this. -
In addition to taxation differences, I believe each state has different laws with regard to who can own and more importantly from a liability perspective....who knows who the owners are. You can't sue who you don't know.
Wespipes Thanks this. -
rank Thanks this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.