Most of my clients are in USA and I have a small SaaS (~$500 MRR) with most of its users from USA.
I'm checking my options to have minimal bureaucracy overhead (for me) and minimum expenses (taxes, lawyers, accountants, etc.).
I'm thinking of opening an LLC in Wyoming or Delaware. As far as I understand, I could pay myself dividend and have zero profits so I'd only pay dividend taxes in my home country - Croatia, which is 10%.
I know this question has been asked several times and I've read almost all of those past threads, but it's still not 100% clear to me that I have it right. I just don't want to end up with something like C-Corp.[0][1][2]
I'm sure there are people with ton of experience here so I'm looking for your help. Did you use Stripe Atlas? Something else? Should I open outside of USA (Canada? Croatia? Estonia? Singapore?)
Thank you!
[0] - https://en.wikipedia.org/wiki/Corporate_tax_in_the_United_States
[1] - https://taxsummaries.pwc.com/united-states/corporate/taxes-on-corporate-income
[2] - https://stripe.com/guides/atlas/tax-season
Some past discussions about Stripe Atlas:
https://news.ycombinator.com/item?id=18870886
https://news.ycombinator.com/item?id=24282940
I'm checking my options to have minimal bureaucracy overhead (for me) and minimum expenses (taxes, lawyers, accountants, etc.).
I'm thinking of opening an LLC in Wyoming or Delaware. As far as I understand, I could pay myself dividend and have zero profits so I'd only pay dividend taxes in my home country - Croatia, which is 10%.
I know this question has been asked several times and I've read almost all of those past threads, but it's still not 100% clear to me that I have it right. I just don't want to end up with something like C-Corp.[0][1][2]
I'm sure there are people with ton of experience here so I'm looking for your help. Did you use Stripe Atlas? Something else? Should I open outside of USA (Canada? Croatia? Estonia? Singapore?)
Thank you!
[0] - https://en.wikipedia.org/wiki/Corporate_tax_in_the_United_States
[1] - https://taxsummaries.pwc.com/united-states/corporate/taxes-on-corporate-income
[2] - https://stripe.com/guides/atlas/tax-season
Some past discussions about Stripe Atlas:
https://news.ycombinator.com/item?id=18870886
https://news.ycombinator.com/item?id=24282940