For dropshipping businesses that sell products to customers across multiple U.S. states, understanding sales tax nexus and compliance requirements is crucial yet complicated in the post-Wayfair era. The Supreme Court’s landmark 2018 decision in South Dakota v. Wayfair, Inc. overturned longstanding rules that required a physical presence in a state…

Benefits of Nevada for Business Formation Favorable Tax Structure Nevada has no corporate income tax or personal income tax. This can substantially lower a company’s overall tax burden compared to incorporating in other states that impose corporate and/or personal income taxes. This benefit applies to C corporations and pass-through entities…

Starting a business in Washington state involves strategic planning and adherence to legal requirements. Choosing the right business structure and entity establishment process lays a solid foundation for your company’s success. This guide provides key information and considerations for forming a corporation or LLC in Washington. Selecting a Business Structure…

Necessary Steps Doing business in California often involves a multitude of decisions, ranging from choosing the appropriate business structure to ensuring compliance with relevant regulations. A critical aspect of this process is establishing your business name. For some entrepreneurs, filing a “Doing Business As” (DBA) can be an advantageous strategy.…

Introduction Form 1042-S is a critical tax form that many foreign-based investment advisors and companies must file each year with the Internal Revenue Service. This information return reports income earned by non-US persons that is considered effectively connected with a US trade or business. It provides the IRS with data…