I have gotten as far as figuring out the 25% standard withholding tax, and filing the section 216 to have that withholding done on net income rather than gross, just wondering if anyone can add some insight to the process or point to some good resources and or professionals that might help give me some insight and confidence, or point me to best practices where this is concerned.

@Steve RozenbergWe review ours annually, unless a specific event {change in regulation, new legislation, technology, etc.) provokes a need to review or update it in the interim.

Listen to this episode of the Flip King Podcast to hear Joe Evangelisti expand this idea and give you practical suggestions for how to implement the power of “WHAT” in your life and business.The “WHEN” question has a very simple answer…and the answer is “NOW!”

@Alvaro Briceno You don't really get to renegotiate on things that are IRS regulated. 

I own, live and practice in the Boynton Beach Florida area.

But you will need to see what the city regulations are. 

We have a huge set of eyes on us for every transaction we do and if we want to stay in business, we are doing all transactions with full disclosure and in full compliance with all rules and regulations.

One of the other designers in our office is himself Korean, so we had a terrific introduction to Korean culture and business practices thanks to him.  

Not only will it help in the liability aspect, but it's a best practice that should be implemented going forward.

Assigning a binding contract without a license seems clear in theory but is less clear in practice, hence the many "is wholesaling legal" threads recently.