Incorporate In NJ Or PA
Hello, i will be flipping houses in both PA and NJ what state would be best to incorporate in and should it be an S corp or C corp, most of the profits will stay in the real estate business to reinvest as i have income from another line of work, until i decide to do real estate investing full time in a few years and then beging taking a paycheck.
some things to consider
which state has the best liability protection?
which state has lower taxes, fees, paperwork etc?
Does PA require workers compensation insurance even if i am the only one in the corporation like NJ requires?
I already pay workers comp for one company do i have to pay it for every company i form?
Anything else im not considering?
Thanks for everyones help.
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