I know this question can be answered by google but I would like to hear if truckers have done so
I am NJ resident but want to incorporate trucking company in Nevada or Delaware. Delaware is just 150 miles away so this seems to be a real option. Is it really good decision and will it save taxes at all? Will I be still required to pay NJ taxes? also which state is best to get insurance on truck, I am renting apartment in NJ and it is easy for me to move if it really makes sense to move
Is it possible to register company in different state
Discussion in 'Questions From New Drivers' started by trucko, Aug 4, 2015.
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They have whole books written on corporate taxes and ways to reduce your corporate tax liability. Everybody keeps telling you your questions are to vague and over-reaching. You're putting the cart before the horse, buddy.
This book might be a good place to start:
http://www.amazon.com/Incorporate-Get-Rich-Protect-Forever/dp/1439226601 -
thanks I will take a look
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trucko, if you incorporate then operate your truck in or through New Jersey they have a corporate receipts tax, so you will pay all you business/income taxes thru your Delaware corp plus pay the state of New Jersey a percentage of your revenue. You are better off not being incorporated if you run in or through NJ on a regular basis. This NJ corporate receipts tax only applies to corporations not LLC or sole proprietorship.
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You can't register anything in my state NH unless you live here and have 3 forms of proof. You also can't get a P.O. box either unless you can prove you live here.
Instead of asking on here and getting incorrect answers call the IRP office in the state and ask the question. -
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I have heard that New York offers sales tax waiver for those who buy brand new truck. If i buy truck in NY and register in Maine, will I have to pay sales tax in maine anyway?
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