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Old 12-01-2011, 05:58 AM
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Join Date: Dec 2011
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New S Corp Question - Pls Help

Hi -

I am in the process of forming an S corp for my recruiting business.
I am a US citizen currently living outsing the US.I am considering setting up an LLC in Florida and electing S corp status. I was advised to use Florida since there is no personal income tax.
However, I would like to have any mail and a bank account set up in NY since that is where my brother lives and he can help monitor these matters.

Does the fact that I will have mail sent to a NY address and a bank account in NY create any real risk that there will be NY tax - both on S corp and on me personally?

Thank you.



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