Best state to incorporate in?

[Anthony DiRico]

I've heard good things about Nevada, Wyoming and Delaware. Can anyone offer advice as to incorporating out of state and the best course of action? Thanks!

[Eric Black]

There are plus sides and minus sides to each. My advice would be to do a lot of research on this as there is a lot of bad information out there and a lot of scams. You also need to be aware of Massachusetts laws. I do not know them so you need to do your own research. For instance, here in California, if I incorporate in Wyoming and have a rental property in Wyoming, since I live in California I still have to pay the $800 annual fee to have a corporation in California even though the property is in another state. 

I would definitely talk to an estate planning attorney on this issue. I can also recommend looking up Mark J. Kohler, he is a CPA and attorney who has a free podcast/radio show. This topic comes up on a somewhat regular basis and every couple of months he has an Open Forum show where you can either call in to ask a question or you can email your question in and they'll try to answer it.

Best of luck!

Eric