Company Taxes

I’m doing research into incorporating R.A.D. Productions and found this site with details on costs and taxes for corporations. California is definitely off my list.

I’m really trying to decide between Texas and Nevada.

There are no income taxes in Nevada, but you have to pay and annual fee of $80. Texas has a franchise tax, but if you made no real income you might be able to avoid taxes all together. I doubt my company will make a profit for a few years, so Nevada might end up being more expensive.

Written while listening to “R.O.C.K. in the U.S.A.”
album The Best That I Could Do
by John Mellencamp