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Best Tax State? - UK IR35 Problem
Message
 
 
To
20/06/2001 14:28:36
General information
Forum:
Visual FoxPro
Category:
Contracts, agreements and general business
Miscellaneous
Thread ID:
00521600
Message ID:
00521639
Views:
15
Gary,
My best advice would be to contact an attorney in the U.S..

Having said that, I know of a few corporations that set up shop in Delaware and Florida because of the corporate friendly tax laws in those states.

>Hello All:
>
>I wonder whether any of you could comment on the best USA state (read friendliest tax laws <s>) to register as a one-man software shop (limited liability)?
>
>I have an application that I will provide to a single UK client only. The IR35 tax catch in the UK is a big problem for me. I would like to register a company in the USA to service my UK based client. This may well lead to other development State-Side in the future.
>
>The new company would receive a one-off consultancy/development charge and monthly maintenence charges thereafter for the UK based system from the UK client.
>
>All fees invoiced from the new USA based company and paid by my UK based client would remain in the new USA based company. So, the new company would pay company tax (corporation tax) in the USA but it would be unlikely that there would be any other costs in the business (like salaries) in the immediate future.
>
>Is this do-able?
>
>Is there a recommended company/corporation type that would lend itself to this scenario?
>
>As stated, I may well have a requirement later to live/work in the USA so the new organisation would have to provide my income at a later stage and therefore, this requirement would need to be considered when setting up an appropriate organisation type.
>
>Any advice would be very much appreciated.
Larry Miller
MCSD
LWMiller3@verizon.net

Accumulate learning by study, understand what you learn by questioning. -- Mingjiao
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