Legal Question in Business Law in Georgia
I am currently a home based import/ export broker and am trying to decide if I should incorporate in Delaware or my home state. I would like to form an LLC as a holding company and primary shareholder of my current business which I intend to incorporate. Is this a good idea or should I simply incorporate in my home state? Should I form both in Delaware?
2 Answers from Attorneys
Your questions are far beyond a website like this, and require many more facts. You need a business lawyer to advise you on these and other matters.
I agree with Mr. Riddle. However, I will say that it rarely makes sense for a small business to incorporate in any state except where it is located. Would you want to travel to Delaware if the company is sued? And there would be no tax advantage since the revenue will be earned in Georgia. Plus, there would be more administrative costs. Retain a local business attorney to discuss your situation.
Related Questions & Answers
-
If I was offered $29.50 an hour and agreed to it, then the company a month later... Asked 1/23/13, 2:40 pm in United States Georgia Business Law
-
I have a second lein on a piece of property tht was auctioned for property taxes... Asked 1/23/13, 1:22 pm in United States Georgia Business Law
-
I have a customer that has refused to pay for vehicle repairs, he demands his... Asked 1/17/13, 6:34 pm in United States Georgia Business Law
-
My wife's father just passed. She had signed a contract, "on behalf" of... Asked 1/15/13, 6:10 pm in United States Georgia Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
