One of the great steps your wholesale business portfolio can suffer or pass with greater ease is the Uncle Sam month- April month. For this exceptional month when you are a retailer or a wholesale distributor situation can get complicated or very simple.
If you own an e-commerce store on the Internet selling hundreds and thousands of items a year without being incorporated with the many options you have as a business owner, could be financial suicide. Whether you sell DVDs, video games accessories, or drop ship audio merchandise on a yearly if you do not incorporate your e-commerce store you risk having to pay thousands of dollars at the regular maximum rate for taxes in the USA or in your country of residence.
Not only that if you are not incorporated as a C-corporation, S-corporation or as an Limited Liability Corporation known as the famous and simple LLC- the possibilities of having to pay the likely 40-50% cut to Mr. Uncle Sam every April of every year are not possible, are empirical. Total scrutiny if you ask many business owners that have seen the difference in tax cuts and are successfully with there fully worked incorporation.
Having it as a...
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