Why Do So Many Companies Form in Delaware? - All Up In Yo' Business

[@jaydnvonrhoman736]

Hey Aiden, this is a great video. Thanks for making this. From Australia

[@CC-br7ds]

With that example, would a person still ahve to pay income tax in Colorado if they are formed in Delaware?

[@xanderjones2747]

Your videos have helped me a lot over the years, most recently forming a C-Corpo Startup in Deleware. Thanks! I don't see any startup specific videos, but if you make any the startup world would benefit from the information.

[@alexgambrell6799]

If I create a c corp in Delaware as a daytrader. Would I still need to register as a foreign business in Florida?

[@samuelraymond8834]

Can you form a business in state without income tax, to provide your personal expertise/ services for a fee to another business you own in a state with income tax, and pay yourself a wage from your non income tax state company to avoid state income tax. Assuming that the service you provide is a legitimate need/service that your company requires within the taxed state ?

[@searchandverify]

I'm trying to start a hedge fund and live in Alabama. Sounds like I need to start with Delaware and do a foreign entity in Alabama. Do you agree?

[@vapyscomeliquid1887]

Great video's and Thank you. My question to you is, My business is STRICTLY e-Commerce so when you say register where your company is "Physically" located is a bit difficult for me. My office is anywhere there's a Phone/Laptop signal. So would registering in Delaware be ANY benefit to me? I carry NO stock/supplies of any sorts, people order from my site and my supplier dropships direct. Perhaps a video based on E-Commerce? :)

[@bball4life1219]

I second this!

[@jumpman366]

Vapys Com Eliquid just do it where you live...

[@blindhydra]

You make a great point, I know this comment was made 2 years ago and I hope you got a solution to your problem. It would be awesome to see a video on e commerce related firms.

[@dogons2k12]

Great video OMG. I've binged watch all your videos. What is the scenario for a US-Citizen living in a non-Delaware state but has a Delaware LLC, and operates a foreign "LLC" in a foreign country. Do you still need to pay or file any taxes in Delaware as well as the non-Delaware state you currently reside in? keep in mind that the foreign country where the business is operating will also incur local taxes.

[@NexVice]

Thank you very much for this video! I learned a lot. I do have one question, hopefully you see it. What if the business that registers in Delaware is an online multivendor store that sells digital products. This website sells around the world, buyers and sellers from the store will be from different states and countries. I recently learned how sales tax would work in this case, but would the company need to register as foreign LLC in every single state? No tangible products will be involved ever. And, same question but if the single owner of that LLC lives in New York for example? Thanks a lot again for this video! 😁

[@jkallen1155]

I'm trying to form a record company but most of all my sells going to be online but I live in California so does forming in Delaware make sense?

[@sirnicholas6626]

Ok quick question what about holding companies? It’s a little different then a small business registering in two states. For example: Business A is located in Florida and is the operating company. business B is located in Delaware and is the holding company that owns business A and all its assets. Would the holding company be able to take advantage of Delaware laws?

[@quintonlewis7201]

Interesting question

[@felicia1ofakind]

Great video, does this go for trucking companies? I'm looking to change the state on where I do business

[@toniapearson]

I formed in Delaware but it doesn’t recognize veteran owned businesses. Any advice on wherever I should change or leave it in Delaware?

[@salesrusco4230]

Hi, If Tech company is registered in Delaware as C-corp , but physically located outside of USA country then is this a Good Option ?

[@thought22331]

if you have incorporated in Delaware, how does it work for truck drivers living else where

[@chasedatskuht]

Are there any services that would act as a physical address for an online business and provide a physical address in Delaware?

[@gisellebze]

What if your business is based online? Does it still make sense to form in Delaware?

[@allupinyobiz]

For MOST small businesses (online or otherwise) it only makes sense to form in Delaware if you are actually living in Delaware.

[@digitalgoldllc5667]

Hello Aiden! Loving your Vidz! If I have an LLC in Michigan, and operating in MIchigan, would it be advantageous to register a parent company/umbrella company in Delaware to own the Michigan LLC? Is that even possible? smart to do?

[@eminfaliyev]

what about is i want to operate in Chicago and Miami, but company was opened in Delaware

[@smudgepost]

Wonder how this holds up today in the madness of Covid and trade constraints

[@oneuniverse7395]

I'm in California, and there is an annual fee of $800 for franchise fee that I have to pay, is there a similar fee in Delaware, NV and WY? if not, wouldn't it be better, more cost effective to file llc in Delaware? Even if you have to pay taxes in two different states? (FYI, I am a very small company).

[@BetterLifeReviews]

I'm not sure if anyone will reply, but I'll try. I have a question similar to Vapys below. I have an e-commerce business, and operate make my income primarily from Affiliate marketing through video and website links. I do not hold or sell any physical products, and I do not receive money for those products directly from the consumer. I live in Pennsylvania. In addition to potential tax breaks, I am having problems selling photography supplies (ex. B&H) because they do not accept affiliates from Pennsylvania due to the Nexus Tax (which I don't fully understand). My parents have a home in Delaware. Would it be legal and beneficial to post their address as my business address? Thank you!

[@angelrey646]

Wow I definitely learned a lot of things about delaware from this video. It's pretty interesting. I'm going to checkout the foreign LLC video next. Thanks for the info!

[@good2go4]

Hi thanks for your video I was wondering what about Canadian forming a company in Delaware? Does it worth it? what benefit we will get compare to maybe filing in our country? And what about the federal i guess we still have to file to the IRS I dont know what are their tax % but we actually will not have any tax% in Delaware thanks

[@gaelgarciaisagod]

I feel like it’s also pretty easy to pay off judges/chancellors as opposed to members of a jury.

[@HezOmanjo]

Wow - I watched this entire video at 2x!

[@narutoman11000]

I have one small question. I'm looking to make a game and am wondering what the basic steps are for registering it are. I would also like to know what kind of protection I should use outside of copyright for the rules. thank you. also just in case you need to know I live in washington.

[@narutoman11000]

washington state.

[@dapoet87]

I a realtor who works as s sole proprietor in TN. If I start an LLC in Wyoming or Delaware and my llc doesn't do business in TN but only receives contributions from me directly would I be subject to foreign business taxes and be required to register in TN

[@fab-rat]

Hi, does LLC need a bank account in usd in US bank, or ma have eur currency bank account?

[@LorenceLiu]

What about foreigners registering company in the US. Does the double registration thing still apply to us if we decide to locate our firm somewhere else?

[@allupinyobiz]

Depends on where you're going to be located, I suppose. I don't know all of the laws of all the countries but I'd assume some have similar foreign entity requirements.

[@kashuxola4677]

Thank you so much for your time and sharing of good and helpful information.

[@KirkBlackJr]

I might of got over my head lol I just formed an llc in DE but I don't physically have an address there. I live in NC. I dont know my next step to do lol

[@pierreaccounting2425]

very informational Aiden! I am glad you did this video. I need to show this to clients who ask me about forming in Delaware. This is very concise and to the point. Thank you!

[@916krazymike]

you're so helpful thank you!

[@athenajacob95]

Great video, What happens if you have a family member in another state you want to file in, can you use that family’s address to file?

[@MsVenus555]

Athena Jacob my question exactly? Have you found out anything on this yet? Thank you!

[@DionSamuel]

Hello how are you. I was wondering if you can speak about DBAs (doing business as). I wanted to run multiple business, would having one EIN and attach a couple of DBA a good idea and the most efficient?

[@sagarraut0007]

I'm freelancer in India and giving software services / website support to customers in the CA, USA. And I'm planning to form a Delaware LLC as foreigner (non resident US). So, my question is how much do I taxed ? Since I'm not living in the US and not using any service in the US. I mean still do I need to pay flat 30% tax. And do I need to pay double taxes ? I mean in india as well? All the income which I earned by US clients. That I'm going to transfer to my indian account regularly for my daily expenses. Please revert :)

[@casualobserver]

Lots of good information. Keep up the informative videos!

[@tommyr1985]

would forming a Delaware LLC for a online business via amazon in NJ/NY area be preferable? great videos keep them comming

[@MrYeabryant]

How can I file in Delaware without a physical address in Delaware?

[@allupinyobiz]

You don’t need an address in Delaware to form a business there. But if you’re not located in DE then there’s likely no good reason to form there in the first place.

[@MrYeabryant]

I live in NY and my business partner lives in Cali. We plan on doing business in California. Short term rental type Business. And we were stuck on the LLC part of the business. A lot of people we've talked to mentioned forming their LLC's in Delaware.

[@hameddadgour]

Great video. Very informative.

[@davidsoto8445]

What if you are located in California?

[@luiggi0102]

great information, we need more lawyers like you here in NYC

[@TechjacksNet]

*claps* Right on time. GL with the channel. Will recommend.

[@josuepolanco2431]

Wow can't believe you answered my question, I ended up registering in my state (IL). Thanks!

[@allupinyobiz]

+Josue Polanco You're welcome! It was a great question!

[@tstimpert33]

Thank you for all the good informative videos.

[@LivelikeJoshua]

Thank you Aiden!

[@morgancassady1247]

Thanks Aiden! Great information! I love your videos.

[@RoyceJakob]

Hey! First of all just want to say you're videos are great!! Super helpful, and it's really cool of you to be informing people about this type of stuff on your own good will haha. Anyway, I was wondering if you could answer a question for me? I have 2 separate yet pretty recognized logos for my apparel business. I've been using them for a couple years now (One longer than the other) One of them is a monogram type logo and the other is a written out word logo. The thing is I've never used them together as one.. I was wondering if I'd be able to include them both in the same trademark? Like with the monogram on top and the word beneath? i'm just worried that because I've never used them together on like a shirt or anything I won't have the proof needed.. I really really appreciate you're time and I'd be pumped if you could help out! Thank you! -Royce

[@blindhydra]

Great video, thank you very much. :)

[@dinosworkshop6870]

Great prose about forming in Delaware. Nice presentation...... off to view your foreign LLC video BRB

[@NiamulArifin]

Aiden, thank you very much for your videos. I learned so many things from your tutorials and googled more for my knowledge. Keep up the good work :)

[@Tank_Tha_Rottee]

What about Nevada? Can you compare Delaware to Nevada? Pros and Cons.

[@allupinyobiz]

+DC UU Much of the same information/pros and cons apply to Nevada, as well. But I will put that on the list and try to make a video about it soon! Thanks so much for watching!

[@LawnscapesAmerica]

Nice, thank you so much. your the best !

[@Traplux080]

Aiden your Awesome!!! thanks for the info

[@Rocksteddybelmont]

Awesome video

[@redtraveler43]

Please link any accounting firm in Delaware I want to create LLC in USA and I am foreigner

[@yestno4188]

Isn't the income tax benefit a big deal, saving 10%+ on profits sounds good on the surface.

[@thetravelerwonderfulworld9854]

Ok, kim kardashian. Who knew you were a smart lawyer too.

[@allupinyobiz]

I knew 🙂

[@frankfranko9023]

R u still alive ? Cause lots of comments 2 N. 3. Years old. Just wondering 😱🤣😱

[@strangehappenings8961]

I hope you know how beautiful you are! You have a brain too it's like a double wammy!! :-D

[@thalgott3]

Delaware, the shadiest State in the US...interesting that our current president lives there, no?

[@michaelspaargaren5595]

You are so gorgeous.

[@theRolling2010]

Thanks so much.