As far as i understood, if you are registering an LLC and are not a US Citizen then the company does not have to pay any taxes. Although as an individual as the profits drop down to you as being the company owner there is a part of process which states to file inidividual returns as well to US Government yearly between 1-15th March and they do deduct some taxes although you claim refund for those in June or July. I read a post on quora with some calculations as well and based on that if your profit was 40,000USD for the year then you get around 34k USD back and 6kUSD is kept by them for future taxation and stuff.
MY QUESTIONS :
Thanks for the mail.
Basically i am a dropshipper in India. My supplier is in China. And he ships the items to different countries like USA, UK, CANADA, GERMANY etc. I want a payment gateway of Stripe. For this, i need a llc in USA.
So basically my question is that, do i need to pay sales tax?
What taxes do i need to pay overall, & its monthly or yearly or quarterly.
What are the recurring/fixed charges/taxes if i open llc and operate this dropshipping business.
ANSWERS FROM CPA:
Unless your dropshipper has a presence in the U.S. you will not owe sales tax in the U.S. Also you won't have a U.S. income tax filing requirement. You will need to renew your LLC registration each year. The cost of registering varies by state. I hope that helps.