[Hidden-tech] Vermont's virtual corporation law

[ussailis at shaysnet.com]

I don't get it.

Physical location...everyone has a kitchen or bedroom, anyone who would
inc., anyway. That and a PO box comprises the physical location.

In person board meetings... That's the excuse to have a good meal without
paying income tax (state & fed), FICA, Medicare, and all the rest of it on
the $$ that the meal cost.  

Yes, I agree that a corporation spread across the country could take
advantage of the Vermont LLC law, but very, very few small corporations are
spread across the country. And a face-to-face meeting makes sense. Often
lots of sense. 

For start-up corporations, the kitchen again serves as a good meeting place.

So, the question is would I move to Vt? Having a corporation in Mass costs
about $1K / yr. Yes, Vt is a Scenic, but so isn't W. Mass. Not much of a
driver. The Real Estate agent would eat up any benefit for many years to
come. 

So what are the other benefits? 


Jim Ussailis
jim at nationalwireless.com

Original Message:
-----------------
From: Rich rich at on-the-net.com
Date: Wed, 30 Jul 2008 08:10:27 -0400
To: az at a-zinternational.com, hidden-discuss at lists.hidden-tech.net
Subject: Re: [Hidden-tech] Vermont's virtual corporation law


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Interesting - Never heard of it - how about a reference we can read online ?

Rich

A - Z International wrote:
>  
> Hi all,
>
> Curious if any of you are paying attention to new legislation just 
> passed in Vermont that is designed to make it far easier to 
> incorporate as a virtual business.
>
> Would this entice any of you to move?
>
> A journalist buddy was curious.
>
> best,
>
> Amy Zuckerman
> HT Founder
>
>

-- 
Rich Roth
CEO On-the-net

Bringing you complex online systems since the net was young
http://www.tnrglobal.com - http://www.on-the-net.com/rr/

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