Q:
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We are E-commerce service provider, which state is suggested for company set up?
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A:
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Company set up in Delaware is recommended due to sales tax exemption.
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Q:
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What are the requirements of bank opening in the US?
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A:
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The requirements may vary from different banks, take HSBC as an example, it requires address proof and mobile number in the US from the company director and the minimum savings requirement is USD 5,000.
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Q:
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What is the biggest difference between the US LLC and C Corp?
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A:
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LLC adopts pass-through taxation which company’s surplus would reflect on individual’s income tax. C Corp adopts double taxation, which tax would levy on company’s surplus and individuals.
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Q:
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How long would it take to set up a company in Delaware?
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A:
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Currently it takes 15-20 working days or 1 day with expedited service.
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Q:
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What kind of company is applicable to apply for ‘Sales Tax Exemption Certificate’?
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A:
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The certificate is only applicable to wholesalers but not retailers.
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FAQ
