Questions

Results for: Tax Law

Same as any other entity (or person). Entity pays taxes in it's domicile jurisdiction. Best you talk with a tax preparer in your home country to ensure you have all the details. And... If you're a US citizen + your SAAS company is generating massive cash, likely best to organize your entity in...

Continue


Yes. Generally these amounts should be reported on Form 5472. If you are paying company expenses using your personal funds as the sole shareholder, the amounts would be classified as additional paid-in-capital contributions by the sole shareholder, so they wouldn't be recorded on the company ba...

Continue


There are two main considerations. First, if you are selling products to U.S. residents located in various states, you may be liable to collect state sales tax depending upon the residency of your customers. Second, you may be liable for federal income taxes on your net earnings if it's determi...

Continue


Work with your Tax Preparer. I'd suggest H&R Block Executive Tax Services to ensure all your filings are correct.

Continue


If the LLC continues to be a disregarded entity, and you as the sole owner continue to be a nonresident alien for U.S. tax purposes, then you won't be able to get a U.S. tax residency certificate. If you file an election for the LLC to be taxed as a C corporation, then the LLC will be a regarde...

Continue


The best place to start a company is Delaware. It has the most protections for businesses and has a long history of being the state of incorporation for almost all of the major companies in the United States. The incorporation process can be difficult but there are some services that help like n...

Continue


I presume you mean "controlled foreign corporation" regulations. Many different countries have their own CFC regulations including Australia, the USA, etc. These laws essentially create a situation where the company needs to abide by the rules of multiple jurisdictions, and not just the one o...

Continue


The income should be reported by the individual or business that provided the service and earned the income. If the 1099 is in your name, you could ask the issuing Company to change to the S-Corp if that is who earned the income. In the future, have a written agreement between your S-Corp and the...

Continue


It really depends under which legal jurisdiction you are. The tax laws are very different in each country. Very generally speaking, every income needs to be accounted for, but what you could do is transfer the money to your corporate account and register it as a founder's loan to the company (wh...

Continue


Thanks for your question, it is very interesting and a question our client often have. I am an international business lawyer and often have to deal with this kind of situation. To answer your question briefly, in general principles, your business is resident where is located your head office (wh...

Continue


Copyright © 2024 Startups.com LLC. All rights reserved.