Good morning,
I have a question regarding tax assistance. Here is my situation...
My name is Krystian Walas, and I am from Poland. We are in the process of establishing a company in Wyoming, an LLC. In Poland, we operate a manufacturing plant, and the company in Poland wants to place an order for marketing services with the LLC in Wyoming. The monthly invoicing for the service will be between $8,000 and $10,000 per month, resulting in an annual income for the LLC of $96,000 to $120,000.
I am aware that Wyoming does not have a state tax, only a federal tax of 21%. My question is: how can we use expense invoices to minimize the tax at the end of the year? The LLC will be founded by three people: myself and my two brothers. Is there a way to pay ourselves salaries, dividends, or other methods?
I am willing to offer $200 for the advice.
Thank you.
regards
Krystian W