The U.S. market can be an especially difficult market to penetrate if a company does not understand the U.S. tax system as it applies to business entities.
In addition to the federal income tax levied, each state has its own income tax commonly known as Franchise Tax. Each state also has its own sales and use tax laws which are similar in concept to the VAT and GST tax regimes in other jurisdictions. The U.S. sales and use tax regimes are similar but yet different in each state.
It is very important to plan ahead for these matters. We can ensure you understand each business tax regime and provide structuring options to meet your business objectives.