Our company is a IT (Information Technology) Support company based in California
. Company deals with 3 different IT Professional individuals
that are based in a country in the middle east (Jordan) to provide all services offered by the company to its clients. The company’s share of all provided services is 10%, the rest is billed by the three individuals to the company by three different invoices on a monthly basis. The billed money is then wired to the three individuals to their personal
bank accounts abroad. The company will have a service contract with each one of the 3 individuals.
- Are there any legal issues with doing that ?
- We assume that the company’s expenses = Administrative expenses like insurance and office running cost + 90 % paid to the 3 individuals for their services, is that correct?
-We assume that we will be paying taxes
for the net profit (total income
- expenses), is that correct? In other words, we will not be paying taxes for the 90% paid to the consultants.