When I started my hosting company I didn’t research much about book-keeping and how essential it is to plan ahead. I didn’t inform myself much about accounting either and after a few quaters of steadily expanding my business I reached a point when I had to tackle both problems.

I did some googling and at the end decided to deal with taxation and accounting in a way that many of my business partners didn’t even think of: Moving my online business offshore.

Well, that might sound a little bit uncommon and more like risky undertaking to some of you, but today after everything is done I can tell you that it was one of the best business plans I’ve ever made.

Stateside Finance helped me forming the tax free company and opening a trading account with a reputable and well-known financial institution in an offshore jurisdiction. Again, when most people hear offshore jurisdictions they instantly think of tax evasion and money laundering but little do they know how many advantages an offshore tax haven really has to offer.

Quite literally bank, insurance, international corporation and even governments own trusts in offshore jurisdictions. Mainly for tax purposes but also to conduct business internationally in a simple and confidental way.

I incorporated my company in the Carribean for under $1900 and moved the company offshore. Stateside Finance guided me through the whole process and believe it or not I didn’t even had to leave my office office.

Today I don’t have to think about taxes or accounting or even company liability; moving my Internet Business offshore solved all these head aches once and for all.