Re:We got a $60k tax penalty for a zero-revenue side project
by mytailorisrich on Monday November 10, 2025 @12:28PM
(#45878293)
You don't say why you incorporated in the US... Much cheaper to incorportate in the UK, it seems (especially if you include fines and wind down, from what you wrote). I believe that filing tax returns (and accounts) is pretty much an universal requirement, as mentioned, anyway.
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Re:We got a $60k tax penalty for a zero-revenue side project
by lukaslukas on Monday November 10, 2025 @01:35PM
(#45879186)
Our target market was US, so US company was the first and only choice.