New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.
I have an S-Corp in CA (manufacture apparel and swimwear) and am looking to travel outside the state to Indiana, TX and FL to do promotional road shows, selling at discounts direct to the end user. The shows will be infrequent and will likely only make a few thousand dollars in each state. Will I be required to be licensed in the states mentioned above? And what taxes will I need to be responsible for?
Warren,
According to state representatives I spoke with regarding your case, you will responsible for sales tax in each of the states mentioned, and in addition, for the state of Texas, you will be responsible to submit a franchise tax report next year which will determine if you will end up owing franchise taxes determined by how much revenue you produce in the state and nationwide.
Other than tax registration you will not be required to register your Corporation as foreign entity in any of those states.
(a) You made a typo in the card number, CCV code, expiration date, name or address;
(b) Your card balance is too low;
(c) Issuing bank has declined this transaction for some other reason related to your account.
