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Help Needed in related to Offshore LLC in US

Discussion in 'Business & Tax Advice' started by crustseo, Oct 5, 2012.

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  1. crustseo

    crustseo Newbie

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    Dear Friends,

    My brother registered his LLC in Delaware State of US on January 2012. He resides in India and because of various factors, he was unable to make any business transactions in that LLC. He dropped his project and didn't earn a single Dollar from that LLC since it was registered.

    Now, we needs to understand, what are the legal complications, if he is not made any tax payments or file tax returns.

    Also interested to know, Since it is inactive, how to terminate/close this LLC?

    Can anyone assist us on this regard?
     
  2. worldbh

    worldbh Registered Member

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    Occupation:
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    Do Not worry - no business no taxes due.
    Stop listening to your friends who know nothing about US law

    Your brother needs to do more studying before forming a corporation/LLC
    in the USA and he needs to form the comapny in the right USA State.
     
    • Thanks Thanks x 1
  3. YugiMutou

    YugiMutou Junior Member

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    I know each state have there own advantages when you open LLC in them any website with this info I know only about Nevada and Delaware ?..
     
  4. liftitbuddy

    liftitbuddy Newbie

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    Occupation:
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    I am a tax attorney and CPA in Chicago. Please let me know if I can be of assistance.
     
  5. crustseo

    crustseo Newbie

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    Thanks for the support. Some factors made my brother to sit away from doing the business.

    But, one more question... whether he needs to 'close' that LLC already registered in USA? Or what happens, if it is not terminated/ closed without doing any business transactions and paying taxes?

     
  6. crustseo

    crustseo Newbie

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    As a Tax Attorney and CPA, how you can help me on this case? What the best suggestion for my brother to do next? He doesn't want to continue the business with that LLC anymore.

     
  7. bitencrypt

    bitencrypt BANNED BANNED

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    In delaware its called a 'certificate of cancellation' and the fee is 200$.