Last updated: November 5, 2024 at 03:57 AM
Summarized Reddit Comments on LLC in America
Opening LLC in America
- Opening an LLC in America is possible for non-residents but can have legal and tax implications.
- Before December, there may be new options due to the issuance of licenses for digital money services.
- Some services like AirCash.eu have registered local companies in anticipation of these licenses.
- Advice: "Vjerujem da je slicno u USA."
- Legalities around LLCs and tax implications vary based on residency and where income is generated.
- Considerations when opening LLCs in different countries due to taxation laws.
- Watch out for legal loopholes and ensure compliance to avoid retroactive taxation.
Payment Processors
- Mercury and Stripe have been used successfully for businesses in the past.
- Payoneer used to offer services resembling a bank account.
- Recommendation for using Lemon Squeezy for integration and payment processing in America.
- Shift4 Payments for payment processing services.
Choosing the Right Service
- Consider the services and expertise provided by companies like FirstBase.io or Wyoming Registered Agents.
Tax Implications
- Different countries have varying tax obligations for LLCs operated from abroad.
- Consider factors like TIN and ITIN for tax purposes.
- Prepare for annual tax filings even as a non-resident.
- Legalities around LLCs in different countries and tax implications on income.
- Potential hybrid mismatch issues in international business operations.
Recommendations and Cautions
- Be cautious about managing an LLC remotely from a different country.
- Consult with tax authorities on obligations relating to LLC management from abroad.
- Legal implications of managing an LLC from a different country.
Professional Consultant and Services
- Engaging professional services like Stripe Atlas or Deloitte for legal and tax advice.
- Use mojllc.com for LLC establishment, bank account, and tax reporting services.
Miscellaneous
- Ensure compliance with tax laws of host and home countries when operating an LLC from abroad.
- Consider factors like presence in US markets when opening an LLC in America.
- Query on the need for a US LLC instead of other types of businesses.
These comments cover a range of considerations and services related to opening and managing LLCs in America, including tax implications, legal compliance, payment processors, and professional consultancy services.