I currently work as a content writer and SEO adviser mainly for UK and US clients. Looking to start a company to be able to charge them through my own website with PP and Stripe since they're not available where I live (Macedonia).
Around 80% of my clients will be from the US, the rest from the UK. LTD seems decent but I want to avoid the 19% corporate tax, so UK LLP seems better (have a brother who's in the business with me, so we can form the company together).
Asked a tax consultant here, he says I only have to pay 10% annual︀ income tax on all personal gains (no corporate tax). Should I go with an LLP︁ as I intend (will I avoid paying UK tax?) or should I start a US︂ LLC, but then I'd have to deal with the IRS and all kinds of state︃ and local taxes. Not to mention having to prove I have no ECI since most︄ of my clients will be from the US (even though I work from Macedonia).
One advantage of US LLC is that I can open Mercury. With a UK LLP my︅ sole option is Transferwise.
Around 80% of my clients will be from the US, the rest from the UK. LTD seems decent but I want to avoid the 19% corporate tax, so UK LLP seems better (have a brother who's in the business with me, so we can form the company together).
Asked a tax consultant here, he says I only have to pay 10% annual︀ income tax on all personal gains (no corporate tax). Should I go with an LLP︁ as I intend (will I avoid paying UK tax?) or should I start a US︂ LLC, but then I'd have to deal with the IRS and all kinds of state︃ and local taxes. Not to mention having to prove I have no ECI since most︄ of my clients will be from the US (even though I work from Macedonia).
One advantage of US LLC is that I can open Mercury. With a UK LLP my︅ sole option is Transferwise.
