Few days back at a truck stop on CNBC(news) I saw a program about benefits of Incorporating your business to safeguard your personal assets from lawsuits and etc., etc,. They way the reporter highlighted the benefits of forming a LLC Company was overwhelming. She talked about opening up a company in DELAWARE or NEVADA for TAX BENEFITS. But when I searched online I read few articles that even if you have a Company Name based out of DE/NV you still might have to file taxes in your own state. Now I'm all confused...... :shock: The reason, I'm from WY State(WY CDL-A LICENSE) but live in CALIFORNIA(coz of freight frequency) and my trucks plates are also based out of CALIFORNIA. I've no intentions of giving up my WY license for CA but does any fellow trucker/s over here know should I form a LLC in NV/DE or WY or I can only form it in CA since thats where I'm physically available and so is my truck. Even though I'm a single truck owner operator one thing I know lawsuits are a MESS and tax benefits are PLUS. I happen to find a website that helps register in DE/NV and they provide year around AGENT to care of the paperworks(if any since I can't move to NE/DE just for tax benefits).
Any suggestions? Is worth to take a chance to file taxes twice or no matter what if its formed in the state where you want thats the only one who can take you your taxes?