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Which state should I incorporate in?

Discussion in 'Ask An Owner Operator' started by hsingh_2, Apr 6, 2021.

Page 2 of 5
  1. Apr 6, 2021 #11
    slow.rider

    slow.rider Road Train Member

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    NYC
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    Delaware.
     
    slow.rider, Apr 6, 2021
    slow.rider, Apr 6, 2021
    #11
    Midwest Trucker Thanks this.
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  3. Apr 6, 2021 #12
    roadtech

    roadtech Medium Load Member

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    I’ve Florida is a good choice.
     
    roadtech, Apr 6, 2021
    roadtech, Apr 6, 2021
    #12
  4. Apr 7, 2021 #13
    skallagrime

    skallagrime Road Train Member

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    Yeah, more or less my thoughts, though hes just looking to do what darn near every larger company does all the time already.
     
    skallagrime, Apr 7, 2021
    skallagrime, Apr 7, 2021
    #13
    Midwest Trucker and slow.rider Thank this.
  5. Apr 7, 2021 #14
    Bean Jr.

    Bean Jr. Road Train Member

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    But as a resident, you're going to pay those taxes, regardless of where you incorporate.
     
    Bean Jr., Apr 7, 2021
    Bean Jr., Apr 7, 2021
    #14
  6. Apr 7, 2021 #16
    hsingh_2

    hsingh_2 Light Load Member

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    I do plan on buying Real Estate too but first I will focus in trucking.
     
    hsingh_2, Apr 7, 2021
    hsingh_2, Apr 7, 2021
    #16
  7. Apr 7, 2021 #17
    Regional

    Regional Light Load Member

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    Same here Paji. I am in California and want to start my trucking company but I am planning to start it in Indiana because it is better. I am also Punjabi and would like to get in touch with you.
     
    Regional, Apr 7, 2021
    Regional, Apr 7, 2021
    #17
    slow.rider Thanks this.
  8. Apr 7, 2021 #17
    hsingh_2

    hsingh_2 Light Load Member

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    Yes, pretty much. I like NY but don't like paying the high cost of living / running a business. You're in MI so obviously you won't understand what I am referring to, unless you know someone in NY.
     
    hsingh_2, Apr 7, 2021
    hsingh_2, Apr 7, 2021
    #17
  9. Apr 7, 2021 #18
    hsingh_2

    hsingh_2 Light Load Member

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    Taxes and Insurance are 2 different things. One of the main reasons I want to incorporate in a different state, like I said before, is because there are less insurance carriers that will insure a new carrier, and after speaking to brokers and agents in the field, they all told me to open anywhere but NY.
     
    hsingh_2, Apr 7, 2021
    hsingh_2, Apr 7, 2021
    #18
    slow.rider Thanks this.
  10. Apr 7, 2021 #19
    Ridgeline

    Ridgeline Road Train Member

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    Good, do you drive?
     
    Ridgeline, Apr 7, 2021
    Ridgeline, Apr 7, 2021
    #19
  11. Apr 7, 2021 #20
    God prefers Diesels

    God prefers Diesels Road Train Member

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    Wait a minute, I thought you said you lived in New York.

    Of course! Because nobody can imagine what high tax and insurance rates must be like!!
     
    God prefers Diesels, Apr 7, 2021
    God prefers Diesels, Apr 7, 2021
    #20
    Bean Jr. and ZVar Thank this.
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