Hi All, I've been doing research on a business that I am setting up with a partner. My partner is in California and I am in Texas. We're setting up a production company and most of the work will occur in California, but long-term we could be doing jobs all over. I think I've got a rough plan in mind and would like to hear what thoughts everyone has before I take this to a lawyer/CPA for official guidance. I'm hoping to walk in with a plan that's 90% complete and just needs tweaking at most. LLC Business Model An LLC seems like the right approach. It's less paperwork than a C corporation and the only real advantage to incorporating seems to be the ability to bring in outside investors and/or go public one day. We aren't looking to do either. That said, I'm thinking we may want to elect C corp taxation in the near term while we're growing and not taking a lot of money (other than reasonable salary) out of the business and then switch to S-corp taxation down the road if the business gets big enough that we need to worry about double-taxation. Form in NV/WY and Register as a Foreign LLC in CA I've read lots of articles/blogs on why you should or should not form your company in Nevada/Wyoming. Generally, the "nots" are very focused on the fact that you'll be hit with the same taxes in your home state if you do all your business there and forming in NV/WY only really leads to additional administrative work/fees. This is true, but what if you have the potential to do a significant amount of work in other states? California will give you a tax credit for any taxes you pay in those states, but what if it's lower than the tax in California (or zero even)? In that case, wouldn't it be preferable to be headquartered in a zero income tax state where you don't have to mess with that and be certain to only pay taxes to California for work done in California? A few additional questions: 1. I'll be doing the paperwork/business management work from Texas but the operations of the business will be in California (or wherever we're doing a job). Does our business need to be registered in Texas just because I'm doing administrative work here? 2. If we formed in Nevada, other than having a registered agent do we have to have a business mailing address there? I've heard people mention this, but haven't found it to be an official requirement. 3. Any recommendations on a bank? I haven't looked into this much, but we'd like to have a bank with LA branches and I've heard that the business fees at the larger banks are very high.