If your business is based outside the United States and you want to take advantage of the largest online consumer market in the world, it makes a lot of sense to form a U.S. company with a U.S. Merchant Account.
Entries from May 2010 ↓
How to Form a U.S. Company and a U.S. Merchant Account
May 26th, 2010 — Incorporating
Insurance Is Not A Fool-Proof Safety Net
May 24th, 2010 — Incorporating
Even though many professionals tell you that you’re protected by insurance, you can still spend a lot of money defending a lawsuit without ever having a claim against your insurance policy.
SE Taxes
May 24th, 2010 — Starting A Business
The KEY QUESTION: “ARE THESE PROFITS SUBJECT TO SELF EMPLOYMENT TAXES?”
According to an IRS official and a national issue specialist in its Examination Specialization Program, until the Service issues further guidance, it will not challenge limited liability company (LLC) members on self-employment (SE) tax if the member and the LLC conform to the most recent (1997) proposed regulations (REG-209824-96). These regulations, however, need clarification now on the definition of limited partner (LP).
What Must You Consider When Selecting the Best Entity for Your Business?
May 24th, 2010 — Starting A Business
Here’s a great example of a business that would typically benefit as an LLC taxed as a partnership.
(Keep in mind, changing only a few of the answers here could dramatically change the type of entity we’d recommend. Hence, online research and “guessing” at what entity is best can turn out to be very costly. After all, you can’t afford to guess when it comes to creating the foundation of your business.) Continue reading →
