How to Set Up a LLC in USA for Non-Residents + US Bank Account (all sources shared)

I am not sure what you want to say exactly.

Generally I dont want to say too much because I dont want to upgrade this worthless sticky thread.

1) disregarded entity
An LLC is disregarded as an entity for tax purposes if you select to treat it as a partnership.
If it is treated as a partnership, then the partners have to pay taxes on the LLC's profit.
That the partners pay the taxes is always the case in a partnership and independent of any warehouses they might have.

Yes, but Sales Taxes and VAT.

2) warehouses
Warehouses typically do not establish a place of business

This might have been true in 1990. Nowadays, warehouse means always Sales Tax/VAT liable.

double taxation treaty

This has nothing to do with becoming tax liable, in this case Sales Tax and/or VAT.
 
Generally I dont want to say too much because I dont want to upgrade this worthless sticky thread.



Yes, but Sales Taxes and VAT.
You are absolutely right, that businesses need to pay VAT and sales tax.
This however has nothing to do with an entity being considered tax transparent (pass through/disregarded) for income tax purposes.

When you talk about tax liability you need to ask: who is liable ?
The entity or the persons making up the entity ?

If you create a disregarded entity (LLC being treated as a partnership or a partnership itself),
the income tax liability is shifted to the membes/partners.

VAT and sales tax are different from income tax.
In a conventional partnership, the partners are responsible for one another’s debts.
This means that if the partnership owes VAT, each partner is jointly responsible for the debt.

This statement however depends on the partnership laws in different countries.
What I write is true in England, but might not be true in France.


This might have been true in 1990. Nowadays, warehouse means always Sales Tax/VAT liable.
What I have been referring to is income tax,

What you refer to is VAT and Sales tax.
The treatment of income and value added tax depends on different criteria.
VAT is an administrative headache (at least for me).
However, the tax burden is minimal since you only pay the difference between
your sales price
minus
your purchase price.
You buy for 100, you sell for 100, no VAT.
You just need to collect VAT and will get it back later.






This has nothing to do with becoming tax liable, in this case Sales Tax and/or VAT.
 
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You are absolutely right, that businesses need to pay VAT and sales tax.
This however has nothing to do with an entity being considered tax transparent (pass through/disregarded) for income tax purposes.

When you talk about tax liability you need to ask: who is liable ?
The entity or the persons making up the entity ?

If you create a disregarded entity (LLC being treated as a partnership or a partnership itself),
the income tax liability is shifted to the membes/partners.

VAT and sales tax are different from income tax.
In a conventional partnership, the partners are responsible for one another’s debts.
This means that if the partnership owes VAT, each partner is jointly responsible for the debt.

This statement however depends on the partnership laws in different countries.
What I write is true in England, but might not be true in France.



What I have been referring to is income tax,

What you refer to is VAT and Sales tax.
The treatment of income and value added tax depends on different criteria.
VAT is an administrative headache (at least for me).
However, the tax burden is minimal since you only pay the difference between
your sales price
minus
your purchase price.
You buy for 100, you sell for 100, no VAT.
You just need to collect VAT and will get it back later.


Is this like an exercise telling it yourself so you can remember it? I just wonder, because you are quoting me and asking me, but I know how it works. You misinterpreted me because you didn't consider Sales Tax/VAT a tax before and now you come to realization that it's a tax as well and want to educate me about it. People just think that a "disregarded entity" has no tax liabilities except on the partner's level (and even that I doubt many understand).

 
Is it possible to do any of this while residing in Spain?
 
This is exactly why you NEVER own an LLC directly. It's a bad idea. LLC beneficial ownership is more transparent. Someone mentioned "privacy", which only holds if you have an LLC without a bank account, which is pretty useless.
Do you have an advice on how not to own an LLC directly?
Are there services, where you can "rent" a 100% member for an LLC?
 
i would never suggest Wyoming llc

they are a scam and charge you for doing nothing that u cant do on your own.

the bank account they create for you, isn't a real bank login, its more like a spreadsheet.

straight trash.
 
i would never suggest Wyoming llc

they are a scam and charge you for doing nothing that u cant do on your own.

the bank account they create for you, isn't a real bank login, its more like a spreadsheet.

straight trash.

What are you talking about?

What bank account?

Your Wyoming LLC has nothing to do with a bank account. You create your own account. LLCs don't charge you anything. It's your company..

You hire an accountant to do your yearly returns.

Who exactly are "they". That makes no sense.
 
Hi, guys , im thinking to register my company on Greece and the question is , if my business is registered on Greece ,can i get aprove from Stripe or i have to register my business on US.
Thanks in advance
 
I just need companies for getting DUNS numbers for Play Console and App Store accounts. Do you think it is good idea to having Wyoming LLC for me?
I am open to other suggestions to get DUNS legally.

- I don`t upload illegal stuff but I need multiple accounts that why I want to create multiple accounts.
- Since I do not have to upload (as I know) passport or ID to create a company I can create them easily.
- Since I am totally legal there is no reason to get banned by Google and Apple if I use proxy ? I want my account live years and years.
 
Thanks - bookmarking. Is Wyoming the only state you'd suggest to look into for creating the LLC, or any others on shortlist that are beneficial?
 
so helpful, i'm renting a bank account from a partner, now i'm trying find out how to make my own.
Thank you
 
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