Giving back: They’ll form your company for free inc filing fees. Theres no catch
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Re: Giving back: They’ll form your company for free inc filing fees. Theres no catch
#2If you form a corp in California (even a single-owner LLC) you will owe a minimum of $800 in taxes next year (and every year until you dissolve the corp) regardless of whether you make money or even do a single thing other than file the papers.
I don't know what the situation is in NY (the other state they cover).
This is still a nice offer for serious startups, but make sure you're aware of the tax implications in your state before you form any sort of corporation.
Re: Giving back: They’ll form your company for free inc filing fees. Theres no catch
#3Most investors want to only invest in Delaware companies. If you are serious about raising money. It'll cost you more later to convert a California company to a Delaware one. So unless these guys are incorporating you in Delaware or you are not interested in raising any money, then I wouldn't take their offer.