Hello All,
I recently got my green card and I am thinking of floating a company, mostly S-Corporation. I have a few questions on how to approach it. I find visitors to this forum, like JoeF, very helpful and knowledgeable so I thought of seeking their help.
Just a little info on my back ground, I am currently employed by a consulting firm and I am planning to be on my own in the next couple of months.
I am planning to use this new company for consulting through it on a corp-to-corp basis for myself or my wife.
My questions are:
1. Which state do I file this company? We currently reside in New Jersey and I work in New York. I am wondering if we can file it in Delaware and if it is the right choice. I don't think I would be staying in NJ for no more than 2/3 years, I am wondering if it’s ok to file from DE? '
2. I read some where that it’s always beneficial to have the women head the corporations? Is that correct? I heard women-owned corps don't need to pay the minimum taxes every year unless you generate some revenue. If my wife owns the company, can I take up any positions in it?
3. Finally, how does it work if I join someone as a full-time employee? Can the company still exist and if so, how does the taxation work then?
4. Also I was told if we have a company, any expenses towards running it, like acquiring office space etc, are tax exempted. Is that correct? If so, could someone provide more information on what is deductible and what is not?
Thanks in advance for your help.
Regards,
SG
I recently got my green card and I am thinking of floating a company, mostly S-Corporation. I have a few questions on how to approach it. I find visitors to this forum, like JoeF, very helpful and knowledgeable so I thought of seeking their help.
Just a little info on my back ground, I am currently employed by a consulting firm and I am planning to be on my own in the next couple of months.
I am planning to use this new company for consulting through it on a corp-to-corp basis for myself or my wife.
My questions are:
1. Which state do I file this company? We currently reside in New Jersey and I work in New York. I am wondering if we can file it in Delaware and if it is the right choice. I don't think I would be staying in NJ for no more than 2/3 years, I am wondering if it’s ok to file from DE? '
2. I read some where that it’s always beneficial to have the women head the corporations? Is that correct? I heard women-owned corps don't need to pay the minimum taxes every year unless you generate some revenue. If my wife owns the company, can I take up any positions in it?
3. Finally, how does it work if I join someone as a full-time employee? Can the company still exist and if so, how does the taxation work then?
4. Also I was told if we have a company, any expenses towards running it, like acquiring office space etc, are tax exempted. Is that correct? If so, could someone provide more information on what is deductible and what is not?
Thanks in advance for your help.
Regards,
SG