Hi all -
We are setting up a Shopify shop to sell household goods in both markets. Two partners, one is based in the US and the other UK. We are looking for jurisdiction and type of entity with lower set up and maintenance cost, less compliance, lower taxes (including at the personal income tax level), easy to integrate into major e-commerce platforms (Shopify, Etsy, etc,) and payment systems. Would appreciate any advice regarding where we should incorporate our business. Right now we are evaluating US LLC vs UK LLP but would welcome any other suggestion.
Thanks,
We are setting up a Shopify shop to sell household goods in both markets. Two partners, one is based in the US and the other UK. We are looking for jurisdiction and type of entity with lower set up and maintenance cost, less compliance, lower taxes (including at the personal income tax level), easy to integrate into major e-commerce platforms (Shopify, Etsy, etc,) and payment systems. Would appreciate any advice regarding where we should incorporate our business. Right now we are evaluating US LLC vs UK LLP but would welcome any other suggestion.
Thanks,