I’m 25 years old and I’m an internet entrepreneur. I live in VA and I founded the business in Washington DC. I sell products online and drop shipment from China. I’m not a US citizen or US resident, but I do have a Social Security Number and an EIN.
How much business income is typically needed to switch over to an LLC to an S Corporation? I would like to save on taxes.
How can I file for schedule C?
How do I calculate how much taxes I will owe from the LLC?