How to Start a Business in The USA by MyUSACorporation - HTML preview

Ok, now that we have cleared this very important point, let’s move on and analyze a few of the most common cases. If you don’t find your case among those listed here no worries - just ask your questions here and we will try to help.

• General Taxation Questions

• What are the main types of business taxes in the U.S.?
• Are there any other taxes I should be concerned about?
• How does U.S. income tax work?

• Sales Tax Questions

• How does the sales tax work?
• How do I know if I need to apply sales tax on the stuff I sell?
• Should I register in a state that has no sales tax, to avoid having to deal with it?
• If I am registered in one state, but my vendors are drop shipping the stuff I sell in other states - which state do I need to collect sales tax in?
• I know that I need to collect sales tax. How do I register?
• After I register, how do I do reporting and remit sales tax?
• My business is registered in one state, but my dropshipper is in another. They want me to show sales tax registration in their state - how do I do it?
• I want to buy products in the U.S. and sell them in my country - do I need to register for sales tax?
• How do I report sales tax in all the states I am registered in?
• Do I need to register as foreign entity in states where I am registered to collect sales tax?

• U.S. Business 100% Owned by Non-U.S. Person(s)

• I am a single owner of a U.S. LLC, non-U.S. person living abroad. My company provides remote services. Do I need to file tax return and pay income tax?
• What if I import and sell goods in the U.S. - does it change the previous answer?
• What if the LLC has more than one owner? What happens then?
• Ok, I got the point about LLC. But what if it’s corporation instead?
• What is the best way to reduce the taxable income of my LLC or Corporation?
• Ok, let’s talk about wages. Can I pay myself a salary as a corporate officer, this way avoiding double taxation?
• What if we spend all or most of the income of the U.S. company on services provided by our other company, registered in our country?
• What if we retain all the corporate profits in the U.S., pay the corporate income tax, and not distribute it to shareholders? Can we just reinvest this money into the business?
• So given all the owners are non-U.S. persons, from income tax point of view is it more beneficial to register LLC or Corporation?
• How and when do I file tax return?
• Do I need an ITIN to file taxes? If yes, how can I get it?
• What about state income tax?
• Should I register my company in the state that has no income tax?