Intellectual Property Law

How are we going to be taxed when we sell on the Internet?

By IBLS Editor

We would like to ask you few questions: We intend to form a LLC in Wyoming (or Nevada) and start e-commerce site, purchasing goods from US wholesalers and/or dropshippers and deliver to US clients. We will receive payments using US merchant account. We are not US citizens. We are both from Bulgaria (there is a tax treaty between USA and Bulgaria) and 50 % of the LLC could be owned by a Bulgarian LLC. We don't spend more than 183 days in USA. Our questions: 1. How are we going to be taxed when we sell on the Internet ? Taxes we have to pay in USA and in Bulgaria ? 2. Do we have to file personal income in the USA ? 3. How can we avoid double taxation? 4. Do we have to pay sales tax when we deliver to a different state ? What taxes do we have to pay ? If you can't answer us could you give us advise where we should look for answers of that kind of questions? We really appreciate you help!

Sincerely yours Venny and Ilia

Full post as published by IBLS Internet Law Blog on March 10, 2009 (boomark / email).