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five benefits of incorporating an LLC in the United States of America over the last two years there have been a lot of changes in your offshore world compliance regulations have become higher economic substance regulations have reintroduced and many restrictions it's really difficult now to get bank accounts even for legit business operations so many people have started to move from their offshore business into their own - like other jurisdictions and the United States over the last year has really emerged as a prime location for online entrepreneurs all over the world here are the benefits for you of incorporating a LLC in United States America if you're not a US citizen a limited liability company is a so-called pass-through entity or tax transparent vehicle that means the LLC itself is not being taxed in the United States but the tax obligations are being passed through shooty respective owners if you as a non-us citizen and a non-resident a so-called non-resident alien incorporate a LLC United States and then have a personal residency either in a country it charges very little tax or a country that has a territorial basic sation system that doesn't change any tax on foreign earned income or your perpetual traveler and you're a resident of nowhere then you can legally operate a business that can get all the payment processing you ever want stripe papal Braintree you can get good banking with solid banks you get banking with all sorts of neo bangs that transferwise or mercury and you can make that money completely tax-free because the United States doesn't text you as long as you don't have economic substance in the United States meaning employees and offer or something like that any any kind of assets and your personal taxes your personal tax residency also doesn't charge you any type of personal income tax so now you have the best of both worlds you have a rigorous diction with a very high reputation solid banking you can give your customers invoices that they have no issues deducting in their local high tech jurisdictions but at the same time your personal tax load is zero this is probably one of the best set ups right now it's very cost effective to set up it's very cost effective to maintain it's very easy to set up you don't require a lot of documentation you don't require utility bills and this is probably a setup that many of you can really put to a great effect if you need further in term a information about how exactly to set this up where do you go what what company to use to set this up how to get all of the documents in order then send me a send me an email to the email address below this video and I can help you to guide you through this process this is Chris from offshore secrets I hope you liked this video please subscribe and I see you on the next video
Thanks for your comment Sal Swietoniowski, have a nice day.
- Tobias Shepherd, Staff Member
we often get asked whether creating a delaware entity saves taxes so if you're wondering whether that's the case for you then i'm going to cover the high level answer in this video i'm jasmine delucci and i'm a tax attorney cpa and enrolled agent i got my first tax license over 10 years ago and i specialize in working with individuals and business owners on tax problems tax planning and tax returns and in these videos i share my knowledge to help individuals and business owners stay up to date on current tax laws practical tax strategies and the workings of the irs so that you can be proactive in minimizing your tax liability and protecting your income and assets from the irs so if that sounds like something you might be interested in subscribe and click the bell to get notified when new videos post for this video i'm going to cover what people are referring to when they reference the delaware tax loophole so first off this may or may not be obvious but delaware tax law cannot trump federal tax law so there is no delaware tax loophole that eliminates your federal tax delaware also does have state income tax and for both businesses and individuals it's not one of the lower rates compared to other states and of course there are some states with no income tax when people are referring to the delaware tax loophole they're referring to what's called a delaware holding company and it's a corporation formed under a specific section of the delaware code that exempts royalty income for corporations whose activities are limited to maintenance and management of intangible assets royalty payments for the value of those intangible assets like intellectual property or branding is what they're referring to so a business would need to have a significant value in intangible assets to benefit from this tax law and basically what this law does is it allows you to take income from a high tax state that allows a deduction for royalty payments and it shifts that income to delaware and since delaware doesn't tax the royalty income the business is successfully able to eliminate state income tax on this income so if you're looking for more detail on this tax benefit and additional tax information about delaware tax then take a look at the article linked below and if you like this video then subscribe like it and let me know in the comments if you have any questions
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- Tobias Shepherd
About the author
I've studied black psychology at Northern Kentucky University in Highland Heights and I am an expert in systems science. I usually feel complacent. My previous job was management consultant (analyst) I held this position for 30 years, I love talking about fishkeeping and mountain biking. Huge fan of George Carlin I practice swimming and collect dolls.
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