Best thing to do would be to have an offshore account but set-up by a trustee (hiding your name) and putting further levels of protection on your identity. Now even the foreign authorities would know your name :)
It heavily depends on the jurisdiction you are when:
a) remit the money
b) your residence
c) your domicile
Different countries have different rules.
Usually a corporate tax is higher than regular tax but not in all cases. For e.g. in Malta; income tax starts at €8,500 with a low tax rate...
If you incorporate a LLC, you will be charged income tax (probably higher rate) but have limited liability towards any liabilities you may enter. It may also be the case (depending on the laws of your jurisdiction) that you would need to set-up an LLC if you reach a certain level of sales/profit...
As I said before...it depends on the jurisdiction the money is remitted, the jurisdiction where the person is resident and where he is domiciled. Different nations have different laws!
It would also depend on the jurisdiction you're in and where is your domicile and residence. Check with a local accountant/financial lawyer for professional help.
Thanks for your tip. I will look into what you said. I used to get views from google and still do ... I have not updated the blog for over 1.5 years however there is always that 3/4 daily visits to I think if I continued with my project I could have been more successful.
I definetly need to...
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