Archived posting to the Leica Users Group, 2006/07/13
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Hi Daniel, Please don't move! I enjoy meeting you in Copenhagen once in a while :-) Regarding the question, doing cross-border business of the type you are contemplating is not a major problem. I know people who do it, and many of our customers do it too. So long as you do not take on employees in the US, things should be simple. You may need to open a bank account over there if you don't already have one, just to make it convenient for your customers to pay you. The more complex issue is the taxes. You will continue to live in Sweden, but since you are a US citizen you are taxable there on your global income (that has always been the case). Of course until now this has been somewhat optional ;-) but now that you will have income there, it becomes more relevant, and you get into things like foreign tax credits, the 180-day presence tests and so on. For this piece I really think you should take advice from an accountant in Sweden who is familiar with US tax rules. I am sure there are plenty of those, to serve the expat community. Contact me off-list for further detail. Nathan On 13-jul-2006, at 13:17, Daniel Ridings wrote: > Ok guys, here's a situation I am contemplating. > > A research project I have been financed by is running out in December > 2006. The wonderful University of Oslo will just dump me (54 years > old). The chances of getting a job in Scandinavia is slim at best. We > have something we call "?ldersfascism" (age facism). > > So. To root the family up and move back to the US ... is not going to > happen. Rebecca claims she will move there in 2 years anyway. Simon > just might one of these days, but all such decisions will be > individual, not the family as a whole moving. > > Let's say that I have contacts into the social network of the highest > ranks of the largest multinational companies in Chicago. I could use > that network to pick up some niche kind of jobs (photojournalistic > weddings, social events, etc) and charge a living wage. I have a place > to live and office space in Bartlett. > > But I am not really moving. > > My question: > > What are the complications of having a company set up where I am now > (Sweden/EU) and accepting and invoicing jobs globally. > > Taxes? Health insurance (this is why I would like to keep my base in > Sweden, where I already have health insurance. Swedish taxes are > actually less than taxes + medical insurance in the US). > > Does anyone have experience with small business across borders. > > My idea is to spend a few months out of the year in Chicago. That > would give me a chance to work, pay my way, and be close to the rest > of my immediate family. > > Daniel > > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information > Nathan Wajsman nathan@nathanfoto.com General photography: http://www.nathanfoto.com http://www.greatpix.eu Picture-A-Week: http://www.fotocycle.dk/paws Blog: http://www.fotocycle.dk/blog