This story appears in the
November 1999 issue of
Startups.
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Sandy beaches, coconut trees and umbrella drinks. Sure, there
are other reasons besides income taxes for incorporating your
business offshore, but isn't that out of the reach of most
homebased business owners? Besides, who has the time and money?
Start-A-Business.Com was
founded on the premise that entrepreneurs need a service that
empowers them to achieve their business goals in the most cost
effective manner possible--and that often means incorporation away
from the mainland. As the first Internet based company of its kind,
Start-A-Business.Com walks users through the incorporation process
with the click of a mouse.
From online incorporation and domain name registration to
offshore trusts and opportunities, Start-A-Business.Com walks users
through the process of finding the optimal incorporation scenario
by taking advantage of the global possibilities of the
Internet.
"To start a business, all you need to do is hang up a
shingle. You can operate by yourself as a sole proprietor, with
others as a partnership, or in a formal entity such as a
corporation or limited liability company," according to
Start-A-Business.Com's president, Patrick O'Neill. The site
includes an entire section on the pros and cons of overseas
incorporation, together with a list of potential offshore
jurisdictions, specific tax advantages and the approximate cost of
incorporation on their shores.
Kurt Samson is a freelance business writer and public
relations consultant in Annapolis, Maryland.