Starting an LLC: Where to begin?
in Business, Accounting & Taxes ·
rowdyraven31 said:If anyone has some hands-on experience with this, I would love to get a comparison between running a company locally versus setting it up in the States (say, in Delaware, for example).
To give you an idea, let's say a US-based company provides services—things like web design, graphic content creation, video game development, or consulting—and then sells those services to clients all over the world.
From what I’ve gathered, if you are the director of the company, maybe about 10% goes toward income tax on whatever salary the firm pays you.
But I suppose I’m not entirely certain about the other differences compared to just having a local business.
P.S. If I'm mistaken, does anyone happen to know where I could find reliable information on this? I’d rather not have to hunt down people living in America to ask them to do some digging for me. xD
Look, you can write whatever nonsense you want on paper or a website. Bottom line? You pay taxes where you actually live. The company pays taxes wherever the boss is a resident—keeping it simple, but that's all you need to know right now.
If you’re planning on setting up a business somewhere else, you’ve gotta move there too. Otherwise, don't even bother wasting your time.