Re:Don’t register your idea as a company
by rdl on Sunday June 24, 2012 @09:49PM
(#4154798)
Once you have other people involved, or any substantial expenses to offset, it's really worth incorporating.
I hate that California imposes a minimum $800/yr tax. That's the single worst tax law in California for startups -- a really pro business California would give companies years of minimal taxes ($50?) as domestic or foreign-registered corporations. Also, minimize all the compliance paperwork for a company with less than N employees, or where all employees own more than 5% equity. No UI/UC, WC, etc. Possibly a federal FICA holiday for small employers for 1-3 years, too.
I hate that California imposes a minimum $800/yr tax. That's the single worst tax law in California for startups -- a really pro business California would give companies years of minimal taxes ($50?) as domestic or foreign-registered corporations. Also, minimize all the compliance paperwork for a company with less than N employees, or where all employees own more than 5% equity. No UI/UC, WC, etc. Possibly a federal FICA holiday for small employers for 1-3 years, too.