Foreigners doing business in USA

Tuesday/August/19 20:52 Filed in: corporate strategy
Larry lives in Canada and wants to start selling his unique line of fly fishing poles
in the United States.
Larry lives in Canada and wants to start selling his unique line of fly fishing poles
in the United States. He has been selling his poles for several years to shops in
Northwest Canada and is looking forward to expanding his market into the United
States. Larry was looking for a suitable location for headquartering his business
in the United States and stumbled across an article on the advantages of
headquartering in Tax-Free Nevada.


Larry formed a Nevada C-Corporation and purchased a Nevada Office Package.
Larry has his entire US sales run through his Nevada Corporation and retains
much of his profit in Nevada. Canada’s business tax rates are over 50% of
profits so Larry is really excited about leaving profits in Nevada for future
business growth (top US business tax rates are 35%) After one year of utilizing
this strategy Larry has saved enough money in his NV Corp. to purchase a
beautiful Condo at Turnbury Towers just six blocks from his new US
headquarters.

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