ask incorporationquestion:

our sponsors:





helpful links:







US LLC with a non-US partner and a US partner

February 08, 2012 Asked by Nicolas

question:


Hello,

I'm interested in forming an LLC. I am not a US citizen and I do not live in the US. I would be forming the LLC with a partner who is a US citizen and lives in the US.

Questions are:

1) Is is possible to have two partners from different nationalities? (I would guess it is)

2) How would the money be transferred to me being international? Can the LLC make international wire transfers? Or will I need a US bank account?

3) Do I have to pay taxes in the US or in my home country?

Thanks a lot in advance!

Nicolas.

February 11, 2012 Answered by Robert Kowalski

answer:


Dear Nicholas,

First of all there is no problem for you to be a member of US LLC with a US partner being the other member. Also, you don't have to have a US bank account for yourself, as your profit distributions could be wired to your bank account in your country.

As far as taxes go I would recommend you to consult an accountant based in your country to see if your country has any tax treaties with the US. That professional might know how international taxation works in your case. It might also be a good idea for your partner or yourself to consult a US accountant to see how the company will be taxed, given the fact that LLC is a pass through entity, but has a non–US member.


Good luck with your business,

Robert Kowalski @
IncorporationAnswers.org


Need help forming a company? Visit us now!

rate this answer:


Was this answer helpful?

Not at all
Definitely

related questions:



See all questions from Starting New Business - Foreign Citizens Starting US Companies

leave your comment:

choose your picture (only JPG):

Choose your picture

Type letters you see on the picture



disclaimer:


This post has been written for educational purposes only and was not meant to be legal advice and should not be construed as legal advice or be relied upon. The post may contain errors, inaccuracies and/or omissions. You should always consult an attorney admitted to practice in your jurisdiction for specific advice. This post may be deemed as Attorney Advertising. IncorporationAnswers.org do not assume any responsibility for harm or damage resulting from the use of this information in any way. For more information please see our Terms of Service.