A partner and I are in the process of starting an outsourcing company. As US citizens living in Israel, we would like to have our company be US based. We intend on having employees working from their homes (and eventually offices) in both the States and Israel.
Do we register in a State in which we hold residence (my partner and I are from different States)?
Would you suggest registering as an LLC?
If our option of States is open because we live abroad, which State is the best option in terms of taxes and things of the sorts?
What is there to know about having employees who work from their own homes?
ChristineL | Former Moderator |
11/13/2009 - 4:10 pm
Hi Avi,
That's a lot of questions you have there!
You would register with the state that you want your business to be in, whether it is your state or your partners. Here are the steps to registering, in case you are unfamiliar with them.
There are many ways to incorporate your business, so do thorough research before you decide. We wrote two blogs on it that may help guide you through the process:
Differences in Legal Structures – Which Structure is Right for You?
Should My Company be an LLC, an S-Corp or Both?
Another member asked a similar question in the community about tax-friendly states, so you can check out this thread.
Will your company be home-based? If so, you should take a look at our Home Based Business Guide. Since you mentioned that you are hiring employees, you can read up on it in our Employment and Labor Laws Guide.
Does anyone have extra information they would like to share? Please feel free to add!
ChristineL | Former Moderator | 11/13/2009 - 4:10 pm
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