hey guys,
I am currently selling in the MAS and IOS, and was thinking of incorporating a US company, and transferring ownership of all my apps to the new company apple id. (i assume i will need to create a new company iTunes account?)
What I am most interested in is tax laws/requirements. I have no idea how this will work - if it will work?
does anyone have experience with this setup?
How do i go about transferring income from the company in the US to myself in Australia?
Do I pay myself a wage? if so how does this work, as I don't have a social security number.
Or do I distribute profits from the company to me? (Im not sure i like this idea, as I think i would be liable to double taxation - first in the US on profits, then again in Australia for the foreign income)
I figured id ask here first, as there is sure to be someone else in my unique situation.
thanks in advance for any pointers.