Month: December 2022

Published 45 articles
Does a Holding Company Need an EIN?

Does a Holding Company Need an EIN?

Is it mandatory for a holding company to have an EIN? No, it is not. Sometimes you will only need an SSN to deal with all corporate tasks. The choice depends on the tax payment system you apply, and it differs for single-member LLCs (if they are considered “disregarded entities”) and sole proprietors, on the one hand, and multi-member LLCs that hire personnel, on the other hand. There are some cases where the choice is not limited: you can resort to either alternative, and it’s up to you to decide which one is more convenient. Interested in all the intricacies? Read our post to find out the details.

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Should You Make a Will or Create an Inheritance Trust to Hand Down Property to Your Heirs?

Should You Make a Will or Create an Inheritance Trust to Hand Down Property to Your Heirs?

If you want your spouse, children, or other relatives and friends to inherit your property after your death, you can make a Last Will and this is the simplest method of handing down property to heirs. It has some drawbacks, however, the inheritance tax and the probate being the most important ones. Creating an inheritance trust instead of making a will can solve both of these problems and bring some other benefits.

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What Is the Best Offshore Trust Jurisdiction?

What Is the Best Offshore Trust Jurisdiction?

When you put your capital or property in a trust, you cease to be the legal owner of the capital/ property. However, if you are the trust beneficiary, the capital/ property remain at your disposal. Thus, you can reap all the benefits that the property ownership can bring but at the same time, it cannot be taken away from you if your creditors file a lawsuit against you. They cannot take away something that you do not legally possess.

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Use of Holding Companies for Real Estate Management

Use of Holding Companies for Real Estate Management

Have you ever heard of real estate holding companies? These structures can be effectively used to manage your property, reduce the tax burden, optimize expenses, protect your assets, and improve property management. You can either buy a piece of real estate on behalf of the company or buy it as an individual and then transfer the ownership to the company. There are several legal forms suitable for real estate holding company establishment, and in this post, we discuss the advantages of each of them. We also look at taxation issues – read on to find more details about this company type.

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Signs That Your Company is in Trouble | Failing Business Problems

Signs That Your Company is in Trouble | Failing Business Problems

Watch out for early warning signs that your company is in trouble. You need to get to the root of the problems if your HR turnover keeps growing, sales drop, you are short on cash, and some other failing business issues call for your prompt response. Heed our expert advice and stay alert.

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How to Pay Yourself as a Business Owner

How to Pay Yourself as a Business Owner

Are you interested in how does a business owner pay themselves? Our experts have prepared a detailed guide on this topic, which will help you understand all the intricacies of this process.

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Challenges That Small Business Faces and How to Overcome Them

Challenges That Small Business Faces and How to Overcome Them

The article indicates the main challenges that the contemporary small business owners face and discusses the ways of overcoming the challenges. These include the marketing challenge, the fiscal challenge, the inventory and supply chain challenge, the recruitment challenge, and the overwork challenge.

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Top-5 Reasons Why Startups Fail and How to Avoid Them

Top-5 Reasons Why Startups Fail and How to Avoid Them

Startup failure rates globally in facts and figures. Top-5 reasons why startups fail: product/market mismatch, wrong teams, poor marketing planning, wrong time to launch the startup, and unbalanced competition. Stats behind startup failure and ways to fix them. Examples of startup failure globally. Successful startups on a worldwide scale. Advice and consultations for novice startupers from International Wealth and more.

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What is the most tax efficient way to pay yourself as a business owner?

What is the most tax efficient way to pay yourself as a business owner?

How can you pay yourself in the most tax efficient way if you are a business owner? This depends on your business ownership structure. Sole proprietors usually pay themselves through the owner's draws. If you are the owner of an LLCs or a Corporation, you can also pay yourself a salary or dividends on your business company’s profits.

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Personal Account with UniCredit Bank in Serbia Remotely

Personal Account with UniCredit Bank in Serbia Remotely

Do you need a personal account with a stable bank somewhere in Europe at an affordable fee? Open an account with UniCredit Bank in Serbia and get access to a wide range of high-quality banking services available to non-residents. Our specialists can provide assistance in preparation of documents and completing the procedure online. Read the article to find out the benefits and peculiarities of Serbian banks and look at the range of services offered by UniCredit Bank, the institution that we highly recommend. And if you have any questions on Serbian banking or residence, please contact us!

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TOP-10 Quick and Straightforward Ways to Pay Taxes in USA

TOP-10 Quick and Straightforward Ways to Pay Taxes in USA

Choosing the most effective methods to pay taxes in the US – study the details. IRS tax payments via special-purpose software. Direct tax payments to the IRS. Ways to pay IRS taxes via the federal system. Standard same-day bank transfers, debit cards, credit cards, cheques, money orders, or cashier’s cheques as efficient US methods to pay IRS taxes. Tax payments in cash. Using the IRS2Go mobile app to pay taxes to the IRS. How to pay IRS taxes in the US by installments.

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Buy a Beachfront Penthouse at the Porto Montenegro Marina

Buy a Beachfront Penthouse at the Porto Montenegro Marina

Everyone dreams of having a house by the seaside, and we propose an opportunity to live on the coast of the most beautiful sea in the world, the Adriatic Sea. Buy a penthouse in Porto Montenegro Marina, a place that satisfies the tastes of the most demanding customers. There is a jetty for superyachts here, which makes it a center of luxury life. The penthouse itself is located in the prestigious Baia residential complex, and it comes with furniture and parking space or without them. Read the article to discover more details about this wonderful Montenegro opportunity!

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A Holding Company as an Instrument of Tax Burden Reduction

A Holding Company as an Instrument of Tax Burden Reduction

A holding company can be created to hold other business units and various types of property. If structured wisely, the company can help its founders to reduce their tax burdens. Certain conditions have to be satisfied for the company to qualify for tax exemptions. These conditions vary from one country to another.

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IBAN Accounts for Individuals in European Payment System Opened Remotely

IBAN Accounts for Individuals in European Payment System Opened Remotely

Benefits of having an IBAN account in Lithuania for foreign citizens and non-residents. Main advantages that come along with opening a dedicated personal account in Lithuania. Restrictions on working with the payment system in Lithuania. Conditions for personal account opening in Lithuania: prohibited countries and jurisdictions. Rates and service plans. Setting up personal accounts for non-residents – procedure. Expert assistance with setting up personal IBAN accounts in Lithuania.

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