llc vs ltd for payouts

[slowrumors]

which should I make rn to get my payouts fixed to sell online without issues when scale

 

[JessiPinkme]

LLC works fine if everything is legit. Also get a good registered agent/attorney they can help you get chase bank account as well.

 

[SirLouen]

For scaling, both scale well obviously. They are meant for this. And yo can always covert them to the "Corp" version if you see its worthy (adding more participants, investors, ...)

The selection of either Ltd or LLC depends on many other factors from my POV, just to name some:
For example, if you prefer a US bank account and work with US$, the LLC is obviously the way to go here. If you don't care to much about working with other currencies, then I find Ltd slightly simpler.
If you receive payments from US and you are not from US, and you don't care too much about currency, then Ltd is way better (overseas without taxing).
But if its the other way around (not many US customers, or at least, not the majority), then US is the way to go here.
Personally I don't really care about taxing overseas because I send all my money to my country with an invoice to my local company by the end of the year, hence my earnings in my LLC are virtually 0 (I only use it instrumentally to collect payments).
Both Ltd and LLC will be risky if you spend the money directly from the bank account in things that are not business oriented. So if your intention is avoiding taxes, none of them are the best option (unless there is some sort of country level agreement that don't tax incoming payments overseas, not the case of my country in EU)

 

[VIPSTORE]

important thing is

For LLC most lf wallets, payments etc
is asking SSN

So LTD is best

 

[blackpay]

which should I make rn to get my payouts fixed to sell online without issues when scale

You’re missing a ton of important information in your question: Where are you based? Where are your customers based? From whom do you need to receive payments? What’s your business model?

Generic questions will only get you generic answers.

Guys, put a little bit of effort into your questions before posting! A forum is a place to ask something in a way that allows others to learn from it too. With vague questions like this, you’re just wasting the time of both readers and those trying to help.

 

[ActualOutreach]

LLCs provide pass-through taxation, allowing profits to be taxed on personal returns, which can be beneficial for small business owners. On the other hand, LTDs are subject to corporate tax rates, and shareholders pay taxes on dividends received. Understanding these differences is crucial when deciding the best structure for your business needs.

To be honest you can just speak with Chatgpt about it after explaining it where you stand

 

[slowrumors]

important thing is

For LLC most lf wallets, payments etc
is asking SSN

So LTD is best

where can I make the best cheapest ltds

 

[MRDon7]

Both LLC and LTD works fine for payouts.

For scaling, LTD won't give you much issues.