DAY 6 – Marathon Men

We have a competitor, but with fewer designs, not much business in the souvenirs market, and, above all, much more expensive than we are!

So, a quick clarification, it’s not really the same system as ours.

They are glued onto cardboard backing.

Ours are sold in a single, clear sachet and are much higher quality!

Our stay is coming to an end and it’s time to review our week.

See all the details below.

Daniel BALLESTER

International Business Advisor

Tel. 06 46 38 60 97

Email : daniel.ballester@cmcic.fr

11 bis boulevard Haussmann

75009 Paris

Additional Information

Delaware is not a tax haven!

It is a state with a solid legal system giving a firm basis to its legal decisions, but its also a state that enables total shareholder transparency. Just a few technical details J

Where Should You Set Up Your Business?

There isn’t one, single right answer! To know where to set your business up, you need to take into account the following things:

Wherever you set up, you pay taxes in the state you do business in. The business will have a Nexus, that means you are doing enough business to trigger tax obligations.

In the case of online sales, that automatically creates a Nexus as it’s difficult to monitor which states sales took place in.

Definitions of Nexus in Some States:

• Physical presence: office, warehouse, store, or other premises.
• Employment of agents or representatives
• Employment of staff
• Direct delivery (if you have a supplier to send stock to customers)
• Selling goods at a sales event (trade fair, exhibition)
• Stocking goods intended for sale in an American state. Selling via Amazon FBA also comes under this
• The total sales made by your business in the American state in question being equal to or more than $100,000 per annum OR you making at least 200 transactions (these thresholds vary from state to state).

To know more about Nexus we suggest you look at this site:

https://www.salestaxinstitute.com/sales_tax_faqs/what_is_nexus