The Cellar - View Single Post - Phil-Am website business startup

slang · 04-01-2010, 12:36 AM

Hey Everybody,

Could someone help me with some information?

I'm currently in the Philippines working on various unproductive this and that projects. Last week while talking with a local here we came up with a cool internet business idea that seems to have potential.

The business would be owned by myself and my Philippine partner 50-50. How can I register a small business in the US and have my partner listed as half owner of this business, him not being there or even a citizen of the US?

This website would only be doing business in the US ( to begin with ). The cash would go into the company account, then the profits monthly would be disbursed into both our paypal accounts.

How can this arrangement be set up so that my partner doesn't pay American taxes or would that be impossible? Is there a way to pay one country's taxes and not both?

Thanks in advance for your help.

04-01-2010, 12:36 AM	#1
slang St Petersburg, Florida Join Date: Oct 2002 Posts: 3,423	Phil-Am website business startup Hey Everybody, Could someone help me with some information? I'm currently in the Philippines working on various unproductive this and that projects. Last week while talking with a local here we came up with a cool internet business idea that seems to have potential. The business would be owned by myself and my Philippine partner 50-50. How can I register a small business in the US and have my partner listed as half owner of this business, him not being there or even a citizen of the US? This website would only be doing business in the US ( to begin with ). The cash would go into the company account, then the profits monthly would be disbursed into both our paypal accounts. How can this arrangement be set up so that my partner doesn't pay American taxes or would that be impossible? Is there a way to pay one country's taxes and not both? Thanks in advance for your help.