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2007-04-01 15:13:31 · 3 answers · asked by Don W 1 in Business & Finance Taxes United States

3 answers

LLC is a limited liability corporation, which limits your liability so creditors cannot come after your personal assets should your business fails. It has got nothing to do with sales taxes. Everyone even consumers like you and me have to pay sales tax if you go to a store and buy something. The only way you don't pay sales tax is if you purchase something wholesale for the purpose of reselling them. Then you need to have a retailer license for that. But when you sell the items, you'll charge your customers the sales tax and submit that to the state on a quarterly basis by filing the sales tax returns.

2007-04-01 17:25:08 · answer #1 · answered by me 7 · 1 0

You do not have to form any entity to avoid the payment of sales tax.

Whether you are an individual, corporation, partnership, limited liability company, fiduciary or non-profit, you are subject to the payment of sales
tax when you purchase personal property.

2007-04-02 04:51:26 · answer #2 · answered by bold4bs 4 · 0 0

Please explain to me just how that you think that that is going to save you anything in sales taxes?? LLCs pay sales tax just like every one else does -- businesses are not exempt from sales tax!

2007-04-01 15:28:08 · answer #3 · answered by Bostonian In MO 7 · 3 0

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