Running a U.S. LLC as a non-resident is straightforward, but staying compliant with U.S. laws requires meeting certain annual obligations. This guide outlines everything you need to keep your LLC in good standing and ensure your focus remains on growing your business. 1. Federal Filing Requirements A. For Single-Member Foreign-Owned LLCs You must file two […]

Don’t know the difference between an SSN, EIN, and ITIN? Here’s a simple breakdown: ● SSN (Social Security Number):Issued by the Social Security Administration (SSA), this is for U.S. citizens, permanentresidents, and eligible temporary residents. It’s used for social security and personalidentification in the U.S.● EIN (Employer Identification Number):Your business’s unique nine-digit identifier, assigned by […]

Introduction: If you’re a non-resident operating a business structure in Canada, either as a sole proprietorship or a corporation, understanding the tax implications is crucial. Canada has distinct rules for non-residents, and it’s essential to be informed about them. Sole Proprietorship Taxes for Non-Residents: Income Tax: Non-residents earning business income in Canada must file a […]

As a non-U.S. resident with a U.S. LLC, there are several taxes you may need to consider, regardless of which state your LLC is registered in: Sales Tax / Gross Receipts Tax: Depending on the state where your LLC operates, you may be required to collect and remit sales tax if your sales exceed a […]

You will not be required to register for VAT if you are drop shipper. This is because your products are never being ‘owned’ within the EU before they reach the end consumer. The threshold which determines whether a company must be registered for VAT, is £85,000 (about $110,000)

Corporate tax in the United kingdom is 19% from the profit you make each year, click here to learn more about that topic. Profit is the revenue remaining after all costs are paid. These costs include materials, product costs, fees you pay, subscription fees, monthly salaries…