this post was submitted on 08 Jan 2025
1246 points (99.3% liked)

Political Memes

5677 readers
2124 users here now

Welcome to politcal memes!

These are our rules:

Be civilJokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.

No misinformationDon’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.

Posts should be memesRandom pictures do not qualify as memes. Relevance to politics is required.

No bots, spam or self-promotionFollow instance rules, ask for your bot to be allowed on this community.

founded 2 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] zer0squar3d@lemmy.dbzer0.com 1 points 14 hours ago* (last edited 14 hours ago) (1 children)

So... register an LLC, once you have fed tax id, then send https://www.irs.gov/pub/irs-pdf/f2553.pdf to IRS and bam you are an s-corp.

Which states are lax about corp laws?

[–] CosmicTurtle0@lemmy.dbzer0.com 1 points 10 hours ago

This was a few years ago. Pretty much most of the red flyover states (Arkansas, Minnesota, etc.)

Basically my criteria was:

  • very low or free filing
  • reporting requirements that can be filed online
  • had strong liability protections

Most states (even blue states) have pretty strong liability protections so long as you write your bylaws correctly.

But free filing was rare. Most had some sort of annual business license fee.