Which state should I incorporate in?

Discussion in 'Ask An Owner Operator' started by hsingh28, Apr 6, 2021.

  1. slow.rider

    slow.rider Road Train Member

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  3. roadtech

    roadtech Medium Load Member

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    I’ve Florida is a good choice.
     
  4. skallagrime

    skallagrime Heavy Load 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.
     
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  5. 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.
     
  6. hsingh28

    hsingh28 Bobtail Member

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    I do plan on buying Real Estate too but first I will focus in trucking.
     
  7. 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.
     
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  8. hsingh28

    hsingh28 Bobtail 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.
     
  9. hsingh28

    hsingh28 Bobtail 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.
     
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  10. Ridgeline

    Ridgeline Road Train Member

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    Good, do you drive?
     
  11. 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!!
     
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