Quote:
Originally Posted by AnemicOak
If it makes them enough money to warrant it they might be able to set up an business in another state and run it through that to keep their Amazon status. At least I think they could.
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Yeah, I've been exploring this. It's sorta the half way point between just giving up on California and moving, or just letting the state abuse me and lose the income.
Been looking into what it would cost to setup and run an LLC based in Nevada. The LLC type gets around the double taxation issue, by letting you pass profit and loss to your own taxes. Nevada has no state tax.
From what I've researched the annual costs are
$200 for Nevada Business License
$125 for annual renewal/list fee
Then you need a registered agent, and fees ranged anywhere from $99 to $199 a year for that, and varied in what that service includes (some include mail forwarding, some don't, etc).
Initial fees are:
$75 state filing fee
$125 for the filing of the initial list of directors/first year's list fee
$200 for first year's Nevada business license
You will also expect to pay whichever filing service you go through a fee for doing the initial paperwork and filing for you, which may vary from $39 on up, depending on what all they include.
The best deal I found was for $499 included everything but the $200 business license fee, and included all other setup and first year costs, and included same day setup. They also included 1 year of mail forwarding service (you just pay postage costs). They provide all the Customizable Operating Agreement/ By Laws/ Corporate Resolution forms. A Nevada Phone Number that forwards to a number of your choosing. You do pay a per min fee, so I recommend instead getting a Google Voice # with a nevada area code for this.
Then they charge $124/yr for registered agent service and mail forwarding after the first year.
$699 is about a month and a half's worth of Amazon affiliate income for me. So it looks like it may be worth it in order to get back into the program.