The most basic are:⠀1. Understand the difference between federal and state taxes; 2. Know how the type of company (LLC or Corporation) affects taxation⠀In most states, the taxation system has several levels:⠀1️⃣ federal;⠀2️⃣ state level;⠀3️⃣ local (city, etc.)⠀In most states, there is an income tax. At the federal level, it is reported by all companies and

It is easy to be tempted to take someone else's brand from another country to register a trademark in the U.S., without the consent of the right holder.⠀It won't work ⛔️⠀If a country's brand is active, has recognition, a customer base, a website, and does not have a trademark in the U.S., the likelihood of registering someone else's brand as your TM is nil.⠀Judicial practice calls this a "Free Ride" action,

Amazon's India division was involved in copying products and manipulating search results to favor its products.⠀A document titled "India's Private Brand Program" described how sales data from "benchmark brands" would be analyzed and then planned to copy them.⠀Amazon employees noticed a spike in returns of shirts produced by a private label clothing brand. The problem was sizing. The team found the best-selling brand and

The First Sale Doctrine provides protection for Amazon sellers accused of trademark and copyright infringement. In other words, once a product is legally purchased, the First Sale Doctrine gives the owner the right to sell that product to anyone.⠀Any buyer of a branded product has the right to resell that product in unaltered condition.⠀This means that Amazon sellers who

1. Select the type of legal entity and the state of incorporation. 2. Come up with a company name and check to see if it is free for incorporation in your state. 3. Complete and file the legal entity paperwork with your state's Department of State. 4. After you receive the Articles of Organization, which confirms the registration of the legal entity, it is advisable to obtain a Certificate of Legal Status (Certificate of Legal Status).

Dear customer! If you are reading this article, you are interested in opening a Business or Personal Payoneer account. Not so long ago Payoneer became a public company, and this has brought nuances to account opening. One of the new features is real bank account verification (a microdeposit will be sent to your bank account to confirm it is real). The TaxFreeCorp team has a huge

In order to sell items categorized as pesticides on Amazon, you must not only have a US resident/US company account, but you must also pass an interview. There are times when items that don't fall under pesticides are categorized by Amazon. If your items happen to be labeled as pesticides but are not, you can contact support and dispute it

At the stage of registering an Amazon account, the question arises: "Do I operate as an individual or as a US company?". For customers who want to register a legal entity with Tax Free Corp, taxation issues are important. Maintaining tax records is of interest to many. One of the barriers to deciding whether to register an LLC account is the belief that it will be necessary to do complex bookkeeping and

My name is Andrei Mikhailov, I am the founder and owner of TaxFreeCorp. I would like to shed some light on the topic of whether to build a business with a registered company or to stick to the rhetoric labeled "Anti-LLC" ⛔️ Let's briefly run through my biography. I moved to the US in 1999. Registered my first amazon account while in college in 2003. Selling my textbooks 📚 In those days.