Let's say you successfully create a Delaware corporation. It exists. It has a US tax ID number. It has a bank account. It has a merchant account. All of the stuff you want to do business. In other words, stipulate complete success in achieving your business objective. Here is what the tax part of your plan will look like: 1. Money comes into your corporation via the merchant account. 2. After paying expenses, you hav…
That's a great reply. Thank you. Maybe you could save comments like these and put them on taxgeek.com :-). I'm not trying to evade taxes. I'm European, and I pay taxes here. Still, even in Europe getting a Merchant Account is difficult. I'm simply looking at this because the cost (money/time) of starting and maintaining a Delaware Company might be less than the cost of setting up a Merchant Account over here. Without…
If you're going to get involved in the complexities of a country's tax system, never make the mistake of attempting to apply rational logic to it. That's a quick way to get into trouble.