Taxes

Taxes can be a complicated issue.  First, let's address corporate taxes; only a C-Corporation will pay taxes, all other corporate (for profit) entities' profits pass on to the sole owner, partners, or members, who are responsible for the income received from their business personally.

There are other types of taxes that are contingent on sales activity that you may have to collect, such as sales taxes, excise taxes, or, based on which country you are operating in, value added taxes (VAT). 

We strongly recommend that you consult with a tax attorney or an accounting firm to fully understand the taxes your business will be responsible for.

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