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Tax Engineering

LLC in Delaware with account in the USA


Question

Good afternoon. Having an LLC in Delaware where the sole objective of the company is e-commerce of digital content charging a % per each digital product sold (We will not market with physical products). With an LLC in Delaware it will be necessary to declare the gross and net income of the company. If the LLC has a bank account in the USA, does the bank request any type of balance or declaration of said income to certify that these revenues are completely legal and come from e-commerce? Thank you very much for your attention.

Answer

If an offshore company in Delaware has accounts in the US, it automatically will be a subject to taxation and will pay its tax based on the benefits the company has since the US is not a tax haven and the state of Delaware is less. The main difference between Delaware and other American states is that in Delaware there are several types of local taxes that are not applied, such as sales VAT, which would be similar to VAT in the European Union. You can see more information on company formation in Delaware.



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