LLC Info
I'm based in the UK and run a membership paysite with all billing via US company CCBill. They transfer money to my UK bank every week and I then have to figure out what memberships are from the EU and pay 20% VAT. I'm thinking it might be better to rather open an LLC in US and keep all funds there and just draw a salary each month? I am selling non physical goods but members join my site from various states (and countries) so do I need to register in all states? Also what taxes will be applied to any profit left sitting in the company, i.e. not drawn out as salary?
