jmvillegast
05-16-2011, 09:19 PM
Hi, to all, I would like to register in South Florida my business. I do not really sell anything in the US, I mainly purchase leather (raw material) and leather products) in latin america and the supplier ships directly to my customers in China.
I am confused about how to proceed with incorporation, as I would like to do it right, but do not want to incur in unnecessary tax expenses.
To explain myself better, this is the complete process:
1. Customer places purchase order with us (US office).
2. We source the product (mainly in Central and South America).
3. The supplier invoices us (to US office).
4. Product is shipped directly to customer (in Asia).
6. We bill customer in China.
7. We received payment from customer (bank T/T or Letter of credit from Asia)
8. We pay supplier in Latin America (via T/T or letter of credit also)
So, we do not really sell anything in the US, but we received funds from other countries and must pay supplier in other countries as well.
Any help is much appreciated.
Thanks,
Joe
I am confused about how to proceed with incorporation, as I would like to do it right, but do not want to incur in unnecessary tax expenses.
To explain myself better, this is the complete process:
1. Customer places purchase order with us (US office).
2. We source the product (mainly in Central and South America).
3. The supplier invoices us (to US office).
4. Product is shipped directly to customer (in Asia).
6. We bill customer in China.
7. We received payment from customer (bank T/T or Letter of credit from Asia)
8. We pay supplier in Latin America (via T/T or letter of credit also)
So, we do not really sell anything in the US, but we received funds from other countries and must pay supplier in other countries as well.
Any help is much appreciated.
Thanks,
Joe