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Some entrepreneurs might be tempted to incorporate their businesses in “incorporation-friendly” states such as Nevada or Delaware, but attorney Mark Kohler says they should think again. Instead, incorporate in the state where you live and where your company does business
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“If your state filing fees are a lot, don’t think that you can avoid them by setting up in another state and hiding,” Kohler says. “Too many [people] get into lawsuits where they don’t get legal protection they thought they’d get because they were incorporated in the wrong state.”
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“If your state filing fees are a lot, don’t think that you can avoid them by setting up in another state and hiding,” Kohler says. “Too many [people] get into lawsuits where they don’t get legal protection they thought they’d get because they were incorporated in the wrong state.”
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