# Tax State for LLCs electing S-Corp

**URL:** <https://discussion.mainstreetbusinesspodcast.com/t/tax-state-for-llcs-electing-s-corp/261>\
**Category:** Tax Strategies\
**Created:** [March 23, 2023, 8:50pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/tax-state-for-llcs-electing-s-corp/261 "2023-03-23T20:50:31Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Phillip](https://avatars.discourse-cdn.com/v4/letter/p/3e96dc/32.png) [@Phillip](https://discussion.mainstreetbusinesspodcast.com/u/Phillip)\
**Post date:** [March 23, 2023, 8:50pm UTC](https://discussion.mainstreetbusinesspodcast.com/t/tax-state-for-llcs-electing-s-corp/261/1 "2023-03-23T20:50:31Z")

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Some states that have personal income taxes don’t tax a person’s Schedule K-1 if those earnings are derived from a company which is based out-of-state. So, if your business is 100% online, wouldn’t it make sense to form your company in a state such as WY (assumptions: the company’s RA and physical business address is in WY).