Sathish (Aspiring entrepreneur) 26 November 2020
Am an aspiring entrepreneur living in India, am about to start my dropshipping business.
This business model works like this: customer visits my website and pays me for the product, they get their invoice from me through email. I then pay the supplier and forward him my customer's details in order for him to deliver the product. I don't touch or do any kind of import/export.
In my case, I'll be staying in india, my customer in the United States and the supplier in either china or US or both. The product doesn't enter india at all.
Since I wanna do this for long term I'll be setting up a LLC and a bank account in United States itself.
So Is it a good idea to create a private Ltd company here in India and wholly own that LLC under the umbrella of my private Ltd in india.
If the annual turnover exceeds 40lakhs INR, Will doing this way help me save/reduce my income tax or increase the tax even more?
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