Personal Finance & Money Asked by Pawel Debski on March 29, 2021
I am looking within EU for a tax solution similar to S Corporations in the US:
An S corporation, for United States federal income tax, is a closely held corporation (or, in some cases, a limited liability company (LLC) or a partnership) that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. In general, S corporations do not pay any income taxes. Instead, the corporation’s income and losses are divided among and passed through to its shareholders. The shareholders must then report the income or loss on their own individual income tax returns.
Here are my findings to date:
As far as I know other Baltic States now popular among startups do not offer this favourable tax regime.
Additional info from other posters highly welcome.
Correct answer by Pawel Debski on March 29, 2021
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