Business in United States

If you are a keen in doing business in the United States, there are a few things you should know. For a start, one needs to be a U.S. resident or at least a Permanent Resident.

Businesses under sole proprietor ships and partnerships face some dangers like legally liable for all the debts of the business, as well as being liable for heavy taxes on your business, profits as well as employment tax. However there are many advantages of doing business by registering as a limited liability company (llc). By forming an llc, you can select the treatment when it comes to tax. This saves you a lot of money. Also you are not liable for debts and obligations even though you may own a share or the whole business.

Find out more on the tax flexibility in forming an llc. You can also form one by filling out simple forms from the state websites.



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