Quote:
Originally Posted by Halx
My goal is to own my own business one day. I'll be watching this thread for advice and stories of people starting up from scratch.
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I have a few ideas. There is one I would like to implement pretty soon actually.
I have one question actually, and you may think I am getting way ahead of myself... But, this company would be a software company with developers all over the world. There would be no office in the Real World (maybe in something like Second Life (I've never played it though)). So, where would the company have to pay taxes? If I make enough money and live a nomadic lifestyle in random countries for a while as the money in the bank account grows, where would the company have to pay taxes? Do you need to license an on-line virtual company? Would it be best to license it in the Cayman Islands or Nevada or someplace like that? What benefits are there from getting a business license in Ohio, Michigan, Illinois, Indiana or Pennsylvania compared to the other ones? Could you start it in your home state and then move it offshore? I wonder if any business has tried to get away with the solely on-line business model selling software and paying no taxes because they don't have a country?
Where do you find this information out at? Did you read any good books when you were starting your business?