Where To Incorporate

Im looking to setup a S corp to buy and flip properties mainly in PA but possibly some in NJ later on. i live and work in NJ and file my tax return for NJ. what state should i incorporate in. Do i form in NJ and use my residence as business address and then file a foriegn in PA. or vise versa. also for houses sold in PA do i pay PA or NJ state taxes on the profits. Thanks for your help.

Comments(1)

  • peshe11th October, 2005

    Thanks for the response.
    The property is located in CA and I reside in CA as well. The property is a vacant land that was heavily trashed by squatters!! So the "repair" is realy a costly clean-up project.

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