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Old 02-15-2005, 05:32 AM  
McSpike
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Join Date: May 2001
Posts: 1,042
well Delaware gets mentioned quite frequently as offshore jurisdiction. A friend of mine has a company in Delaware and his total yearly taxes are, lol, $60. Yet he said he can't do business with US companies. I read the initial offshore idea and this restriction sounds logical. If business with local companies was allowed then all local companies would go offshore. Goodbye uncle Sam. To protect themselves from that, governments applied these restrictions. They lure in foreign capital and tax their own. Logical. But as I said I then heard business can get done with US companies as well when having an offshore company in Delaware. What I am not sure about in this case is do tax rates still stay that low.

Basically what I am looking for is easy to no accounting and super-low tax burdon. Money would come to the company from my work in this biz and would then get reinvested in the capital market (and other potential businesses I tend to get involved in in the future), rather than coming directly to my bank account where income taxes are enormous (read: 50%; and then add capital market income taxes too). I want to avoid that by minimizing this tax burdon to the bare minimum and we all know what a minimum means in offshore centers. What I also want is easy accounting so I can do business however I want with whoever I choose to without any ridiculous IRS inspections. This would therefore not be a shell, but rather just some LLC.
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