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Lev, I appreciate your answers. Just to clarify:
1- So I will need to file an individual tax return even if I am a foreigner. Is that 1040NR? do I also need forms K-1/K-2 (from previous research).
3- So the BVI will file the form 1120F and I don't have to file any forms? (same as question 1 I assume). So EIN needed for the BVI and ITIN required for me?
6- is Franchise same as seller's permit?
one last question, can I have a title and manage the company without getting a salary? will i still be able to expense i.e. airfare related to the business?