SGX
Established Member
- Impact
- 1
Hello,
Based in the EU, am thinking whether registering a company to handle the buying and selling of domains would make sense.
I am contemplating the following benefits:
- if the company has corresponding sales, VAT can be balanced
- relative privacy
- could be regarded as more professional (if contracts/communication/escrow going through a legal entity)
Cons: expenses for accounting, submission of financial statements. Possibly more taxes, depending on country?
Would be interesting to read your experiences and thoughts, not necessarily geographically limited to the EU.
Based in the EU, am thinking whether registering a company to handle the buying and selling of domains would make sense.
I am contemplating the following benefits:
- if the company has corresponding sales, VAT can be balanced
- relative privacy
- could be regarded as more professional (if contracts/communication/escrow going through a legal entity)
Cons: expenses for accounting, submission of financial statements. Possibly more taxes, depending on country?
Would be interesting to read your experiences and thoughts, not necessarily geographically limited to the EU.