I am from the UK and looking to setup a US business. I've decided that taxation as a C-Corp is best as I am looking to build capital and retain profits in the company so a pass-through entity is not ideal. I understand that as a C-Corp, things are more formal and decisions require minuted... Read more »
For tax there is no difference. For state business compliance issues a Corporation has slightly more things that have to be done to maintain the corporate veil. Annual meetings are required where an LLC can waive them you have to set a par value for shares and report the number of shares issued...Read more »
There are questions and answers similar to the mentioned situation on our website at http://aba-us.com/other-services/?lang=en. You can take a look for general information. Also you consult with an experienced immigration attorney for your best interest. Good luck.
Uniform allowance included in W-2 could be deducted only as an itemized deduction subject to 2% threshold. It would be best if the employer just buys the uniform for staff and doesn't include it in W-2, because by itemizing, staff loses some of the money, or some do not even itemize. good luck.
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