To collect money from sales you need to be a company or a single person who act as it. There are taxes for companies and people acting as such (amount of sales didn’t justify the tax spending as company).
(Had to look for AI on this, sorry: I am not an accountant)
for the US:
Yearly franchise tax( California: 800$ min per LLC).
Annual report fees (50-300$ per state (Delaware 300$ // New York 9$).
…and also there’s a percentage of the income (if it’s not exactly zero, I guess)
…then, if you’re not an accountant, and don’t want to mess with taxes, you may want to pay someone (an accountant) that make sure your reports are correct (even if they are 0)
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To collect money from sales you need to be a company or a single person who act as it. There are taxes for companies and people acting as such (amount of sales didn’t justify the tax spending as company).
Would the tax not be a percentage of income?
(Had to look for AI on this, sorry: I am not an accountant)
for the US: Yearly franchise tax( California: 800$ min per LLC).
Annual report fees (50-300$ per state (Delaware 300$ // New York 9$).
…and also there’s a percentage of the income (if it’s not exactly zero, I guess)
…then, if you’re not an accountant, and don’t want to mess with taxes, you may want to pay someone (an accountant) that make sure your reports are correct (even if they are 0)