I am based in Ireland and receive payment through PayPal. I'm paid for 1:1 interview prep sessions.
That money gets taxed as income here, so I end up paying about 40% in taxes.
The cost of running a limited company in Ireland is quite high, somewhere around €1500. On top of that I'd have to pay corporate taxes, which although low are still not negligible.
Due to the high cost, I've been considering incorporating in the US. I've seen that places like firstbase.io lets you incorporate in Wyoming and their cost seems reasonable.
Anyone with experience in this?