Setting up a business for you side project is a smart thing to do but it can be hard and complicated. This tool helps you estimate costs and taxes instantly so you don't have to spend hours on the phone.
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Since the tool is all about remote businesses, here are a few inaccuracies I noticed at first sight:
- The Delaware tax rate is only for C-Corp or for US citizens/residents
- The Wyoming tax rate is only for US citizens/residents (I run a Wyoming LLC from Europe and pay 0% in taxes)
- For UAE, you say the effective tax rate is 10%, but the tax owed is 0 (recurring fees are fees, not tax)
- For UK Ltd, you may end up paying 0% if no income is effectively connected to the UK and you are not a UK tax resident.
There are too many "if X, then Y" in international taxation to create such a simple table.
