3 Major Tax Benefits of an LLC (Don’t Miss Out!)

Tax Benefit of LLC

Do you know the tax benefits of LLC entities? If not, you can find out more about how to take advantage of reduced taxes by forming an LLC. 

You may have several questions that need to be answered about LLC tax benefits. Most people ask the following: 

What exactly is an LLC?

How can I benefit from forming an LLC?

Why is an LLC formation better than remaining a sole proprietor?

To answer the above questions and help you understand the tax benefits of LLC formations, the following explanation should give you a clearer understanding.

An LLC stands for limited liability company. This business set-up is more personal than a corporate set-up, as the owner reports all of his or her profits and losses on their individual tax return.

You can benefit from forming an LLC, as you do not need to pay any federal or state taxes for this business entity. The Internal Revenue Service calls an LLC a pass-through entity,

U.S. Tax Issues for Amazon Sellers in 2020 (Proven Tips)

US Tax Issues for Amazon Sellers

Taxation is one of the most commonly discussed issues among Amazon sellers. This is especially true if you are a non-U.S. Amazon seller.

Unfortunately, taxes can be a little overwhelming and scary with a lot of unfamiliar terms.

If you are already selling on Amazon – or thinking about becoming an Amazon seller – email me at sam@mollaeilaw.com to get started.


Three Main Types of Amazon Taxes to Consider

As an Amazon seller there are three main types of taxation to concern yourself with including:

  1. Federal Income Tax
  2. State Income Tax
  3. State Sales Tax

Being an Amazon seller can be a very lucrative business. Especially for someone who doesn’t live in the United States!

That’s why it is crucial that you understand tax issues for Amazon sellers, so you don’t end up in legal hot water.


U.S. Federal Income Taxes For Amazon Sellers

If you’re a non-US human or a non-US legal entity and your only activity in the U.S. is selling products on Amazon FBA,