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Posted by Barbara Lamar on June 08, 19103 at 01:24:01:
In Reply to: European needs help !!!! posted by Stan on May 28, 19103 at 04:36:18:
Dear Stan,
A Delaware LLC pays a franchise tax of $100 per year. Unless it actually conducts a business in Delaware, this is the only state tax it will have to pay (Some states are attempting to levy a sales tax Internet sales, but I do not believe they are having much luck collecting from anyone other than residents).
Unless you elect to be taxed as a corporation, your LLC will not be subject to U.S. federal income tax, but you will be subject to tax on U.S. source income, as a nonresident alien.
Please feel free to contact me if you would like an answer more specific to your situation.
Barbara Lamar
not actually have an o: Dear All,
: I live in Europe and would like to open an US Yahoo!store. Therefore I
: need to incorporate my business (LLC) and also obtain a TAX ID number.
: I think the best place for a foreigner to incorporate is in Delaware.
: I checked several incorporation sites on the net and most probably one
: of them will be fine. But before doing so I have some questions about
: taxation. I live in Europe and I'm not an US resident. Furthermore I
: will not be physically located in the US. The longer I surf all the
: Tax websites the more I get confused about taxation. I'm also not used
: to the rules and regulations of US tax authorities.
: My question is simple but I really could not find answers to my
: specific problem.
: Which taxes do I have to pay as a foreigner in the US when I run an
: Internet business and my customers will probably be "spread" all over
: the country (USA and Canada).
: Pls bear in mind that I will most probably not earn millions and
: millions of USD ;-).
: As I want to run the business in a legal manner these questions are
: very important to me.
: I appreciate every help.
: Many greetings from Europe.
: Stan