Hey guys,
I am a french guy who's been living in Asia for 15 years, worked for big firms and opened 900 stores there... and now looking for having a new start with my own business. I follow my partner to the US and will set-up my chain of restaurants.
Anyone can advice me on the legal structure: It seems C Corp is the best option for me (especially as a foreigner) but in which state should I set it up?
In addition, each restaurant in each state should belong to the same legal entity or be a different entity?
How to optimize tax structure? I understand there are: sales state tax+state income tax+federal income tax, correct? What are the mechanisms to implement in order to minimize taxes?
Thanks in advance guys!
I am a french guy who's been living in Asia for 15 years, worked for big firms and opened 900 stores there... and now looking for having a new start with my own business. I follow my partner to the US and will set-up my chain of restaurants.
Anyone can advice me on the legal structure: It seems C Corp is the best option for me (especially as a foreigner) but in which state should I set it up?
In addition, each restaurant in each state should belong to the same legal entity or be a different entity?
How to optimize tax structure? I understand there are: sales state tax+state income tax+federal income tax, correct? What are the mechanisms to implement in order to minimize taxes?
Thanks in advance guys!
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