New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.
I live in NY and intend to conduct all my business out of US. My customers feel more comfortable dealing with an American company – where should I incorporate?
Dear Danny,
If you have no assets, employees, have no office/warehouse, no conduct no actual business activities in any of the US states, then I would recommend you to form your company in one of the incorporation friendly states such as Wyoming or Delaware.
Keep in mind that if you will eventually grow into having an office, employees, or other New York related business expenses you might have to register this company as a foreign entity in New York.
To learn more about where to form your company you are welcome to read my article about choosing where to incorporate.
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