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Need advice on Delaware LLC

Discussion in 'General Business' started by seoboyuk, Nov 15, 2006.

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  1. #1
    I am non-us citizen thinking of incorporating a delaware LLC. I own few online businesses and i am forming this company for sole purpose of publishing some company information on my website. i have few questions regarding company and taxes. i am little afraid as i am into company for the first time.

    - what is main use of company formation?
    - how hard to manage LLC in delaware?
    - do i need to file taxes eventhough i dont qualify?

    can anybody shed some light on this?
     
    seoboyuk, Nov 15, 2006 IP
  2. craigedmonds

    craigedmonds Notable Member

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    #2
    As far as I am aware......If you are a non US resident, and do business OUTSIDE of the US, then you are not subject to US Federal Taxes and neither do you need to keep records of the Business the LLC Conducts.

    If you are a US citizen and have an LLC, its treated like a normal US company and you have to follow US tax law.

    LLC is not considered "offshore" so is therefore not blacklisted like many traditional offshore countries (Panama, Belize etc). This means that you can openly operate an LLC anywhere in the world without fear of reprising from the Tax Man.

    You will probably have to pay a lawyer to take care of the maintenance of the LLC, usually this is about $1,000 to $2,000 per year.
     
    craigedmonds, Nov 15, 2006 IP
  3. Kalev

    Kalev Peon

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    #3
    Well you are partly right. In some countries US LLC's are considered as offshore. Countries like Latvia, Estonia and I believe in Russia also.

    You are not subject to US taxes if non US resident but you probably still have to pay taxes in your country.
     
    Kalev, Nov 15, 2006 IP
  4. TheGuy

    TheGuy Peon

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    #4
    You don't need to hire a lawyer as such. You can use services like legalzoom.com. I think it should cost you about $500 - $600 including all the state fees.

    I believe people go for a Delaware LLC/Corp. as it is easy to file and handle stuff. I think they accept forms etc. till late hours and things can be done much quicker.

    Disclaimer: I am not a lawyer, please see a lawyer for legal advice
     
    TheGuy, Nov 15, 2006 IP
  5. PayItForward

    PayItForward Peon

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    #5
    I don't mean to be rude, but are you trying to ruin this guys chance of ever becoming a citizen? STOP SPREADING WRONG INFORMATION. If you don't know the answer then don't pretend you do.

    Once again people, don't ask for legal advice on DigitalPoint, it'll get you in a boat load of trouble.
     
    PayItForward, Nov 15, 2006 IP