Myths

Common Incorporation Myths:
Delaware & Nevada Corporations Are Better

You may have heard that it is to your advantage to form your business in Nevada, Delaware or another state. Before you decide, please consider the following information.

• In order to incorporate in any state, be it Nevada, Delaware or elsewhere, your corporation needs to have a Registered Agent in that state. If you do not actually have an office in that state, you will need to hire a Registered Agent. Corporate service companies typically charge $100 to $150 per year to serve as your Registered Agent.
• Additionally, once you incorporate in another state, you will need to qualify as a foreign corporation in the state where you are actually doing business (i.e., Georgia). The initial filing fee for qualification in Georgia is $170. In addition to the initial filing fee, you will need the filing prepared, and you will have to pay annual registration fees to both states each year.

Incorporating in Delaware, Nevada, or another state can be an advantage for larger entities that will have offices and employees in several states. If this applies to you, or if you have questions, please contact us.

Keeping it simple works well for most startup companies. Incorporating in your home state and acting as your own Registered Agent reduces your costs and saves you time.