Which State Is Best To Open An LLC For Non U.S. Residents?
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- Опубликовано: 15 сен 2021
- Start an LLC for Non-US Residents with lower costs and better back office functions.In this video we will discuss which state is the best place to form an LLC for your business, and what you should avoid when doing so. We'll talk about why Delaware is a great option, for example. Watch this video and I'll share the different things to consider when choosing where to form your LLC.
00:00: Introduction
02:06: Taxes
03:12: LLC Basics
04:07: Tax Impacts
04:43: Location
05:05: Conclusion
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Check out James’ top recommended videos here - these are cornerstone videos that should answer many of your questions.
-Longer videos that explain it all!
How to Legally Pay NO US Taxes - • IRS Secrets: How to LE...
How to Legally Pay NO US Taxes (part 2) - • Are you a Non Resident...
-Guides and How tos
Annual reporting for a foreign owned multi member LLC (Masterguide) - • Tax Laws for Foreign-O...
What is Form W-BEN and why do I need it • How to Fill Out W-8BEN...
Which payments from US Companies are subject to withholding? • Which US Payments are ...
How to complete Form W-8BEN - • 🧾🔍 HOW TO complete Fo...
How to complete Form W-8BEN-E - • How to Complete Form W...
How to get an ITIN - • Getting an ITIN Number...
-And don’t forget to check out all of the “CALLS WITH JIM”
• Calls with Jim
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Do you want to learn how to open and operate a Tax Free Company in the USA even if you live outside the US and don’t have a visa.
Click here - www.jamesbakercpa.com/offers/...
Already have an LLC? Did you already complete form 5472 for your company? Did you know there is a $25,000 penalty for not doing this form? I’ve made a short training that explains exactly what you need to do and why so you can get this done quickly and correctly, the first time around.
Click here - www.jamesbakercpa.com/offers/...
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Looking for help with your SALES TAXES? Check out a couple of our videos on the topic -
What are sales taxes? • Do I pay Sales Taxes o...
What is a resale Certificate and Why do you Need it - • What is a Resale Certi...
How to get a Florida Resale Certificate, Part 1 - • 📝💼How to get FLORIDA R...
How to get a Florida Resale Certificate, Part 2 - • Get Your Florida Resal...
How to file a DR-15 Florida Sales and Use Tax with 0 Sales - • Florida Sales Tax Fili...
I get asked what company I recommend to help with sales taxes and every time I mention Tax Jar. Once set up, tax jar can complete all of your monthly sales tax filings automatically. If you are looking to solve this problem forever, click this link to find out more about what they can do for you. taxjar.grsm.io/jamesbaker7628
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Thanks a lot James i was very confused about forming LLC but the issue was of state now it's cleared thanks a lot.
In the U.S., you are supposed to collect sales tax where your customer is, not where your company was formed.
As far as income tax, it is due where you live unless you live in a country, which does not tax foreign-sourced income or a tax-free jurisdiction like UAE or Monaco.
Hey yes this is right.
great info James
I found most of what I was looking for on your channel. I subscribed and liked. I'll definitely keep your firm in mind in the long run. Thanks for the super helpful videos!
Thanks I have more info coming!
@@JamesBakerCPA Cool!
Very Informative. Helped immensely...
Hi Sameer, Glad it helped! Have a great day.
i really love your content , you're such a good persone and you're doing an amazing job with these videos ! keep going
I love his energy.
Great video!
Glad you enjoyed it. Thank you for watching!
James nr.1️⃣🏁
privacy always matters.
thnaks james your video helped me to decide after a lot of research llc in wyoming.
Hi! Glad it was helpful. In case you want to know more about us and our services, please check our website: www.jamesbakercpa.com/ Have a nice day!
Are you talking about US citizens living outside the US, or non US citizens? Thankyou
There is a misconception for non- U.S residents who want to form llc in U.S which mostly do amazon and/or online business within U.S. When we search for benefits of forming llc one of these four states, We think that as there is no “income and sales taxes” in these four states, it is good to pick one of them over the other states but You’ve said, for non-residents all the states are the same! They dont pay taxes over their sales or income? Couls you make it more clear please? Thanks 🙏🏼
Hello, what about setting business in New Orleans llc and some one that is not a citizen?
Im retired and live in Florida. I’m thinking about buying timberland in Mississippi. I am purchasing the property to grow and harvest timber. A secondary use of the property would be for recreational purposes for my family and friends. Does an LLC make sense for me?
Would love to get more info. How can I go About that?
And how about a North Carolina LLC
Hi James, What are your thoughts about Texas? I am trying to help someone covert a foreign owned C Corp to an LLC.
How about Montana for non US llc?
hey James, i am a Uk resident and i am looking to start an e-commerce company in the USA as a non-resident for Amazon FBA private label. Please what city would you recommend i open an LLC in, would you recommend Delaware or Wyoming?
Thanks
Thanks for the video. I was hoping you could answer a question for me. I'm a UK citizen and will start a new E-commerce business late November 2023. That business will primarily sell to UK / US customers through Etsy and Shopify. If I'm running a US LLC from the UK, but selling to US customers as part of my company ( without any physical presence / staff in the US) would I be considered an LLC with no US trader business or not ? If yes, then how would the LLC be taxed on the US sales ? I will be looking for an agent for the setup if it seems to be favourable to my startup. many thanks
Hello, friend, in order to help you and clarify your doubts, you can schedule a free call with my specialized team, and thus be able to help you
lt.jamesbakercpa.com/jbytcomment
Why not Florida?
what if source is coming from US ?
Thank you for making this video, Registered agent we use is responsible for providing us business address right?
Hi, Yes, but, many factors should be considered. Please follow this link for scheduling a FREE call with my associates so that you can receive appropriate guidance lt.jamesbakercpa.com/jbytcomment
Hi James! What about the privacy in a Montana LLC? It preserves the privacy of the owner Like a Wyoming LLC?
Hi Meathead, I'd love to answer your question. However, I need more information. Please, write to support@jamesbakercpa.com Thank you!
I make money on youtube but unfortunately I am still waiting on my green card I should get it within 6 months but I heard LLC could help me from 30% tax so I want to make one. Is it a good idea??
Hi Korean Jaeho, thank you for reaching out. We need more information to help you out. Please schedule a FREE call with one of our associates, they will answer your questions and give you important information: lt.jamesbakercpa.com/jbytcomment Have a great day!
Hi, thankfully for the videos
1, Im a Canadian residence, i have a established granites stone business, all my commodities i import from overseas,
2, Im planning to expand my business in US states closed to Canadian borders, based on nature of my business needs a port to import commodities by shipping from overseas, and hiring a wearhouse in washington, Seattle, so wearhouse will take care of all my distribution and inland movements across all states.
3, In this case i choose washington (Seattle) is the convenient port for me to bring in container, so were i want to register my LLC to moving forward without any inconvenience.
4, If i pick my llc in wyoming or Delaware, which is a right move ? Or i need to pick washington to register my llc because of my base is here.
5, I don't have employees or physical office , i run this business by my own,
Advise me please and thank you
what would be the cost to file a LLC in Wyoming plus ur fees? I'm a non us resident
Hey, James. Kindly let us know about your fee structures.
Hi Muhammad, thank you for following my content. You can write to support@jamesbakercpa.com Thanks!
thank you James,
I would like to ask do you know can a non-US company able to obtain a resale certificate? or shall I setup a LLC in the US to obtain one? Are you able to provide such services? Thanks,
Hello friend, if you need help with your LLC you can schedule a free call with my specialized team so that I can help you with whatever you need.
lt.jamesbakercpa.com/jbytcomment
Hi James, I want to open LLC in Arizona to enable me an account with Restaurant Depot. The intent is to buy merchandise and ship to Africa for resale.
Hi Justine, thank you for reaching out. I need more information to help you. I'd suggest you schedule a FREE CALL with our associates, they will answer your question and give you important information. You can schedule here: lt.jamesbakercpa.com/jbytcomment
Have a great day!
can you get a business credit card when a non resident alien open a LLC in Wyoming?
What about New Hampshire for Non-US residents?
Hi Zohaib, thanks for watching. We need more information to help you out. You can schedule a FREE call with one of our associates by following this link: lt.jamesbakercpa.com/jbytcomment Have a great day.
How much do you charge for an LLC am based in Zambia
Please Is there an online firm that can deal with the accounting & tax side of the business? accountants that can work for an LLC that does stock trading as a business are few I think!
Hi Otman. Thank you for watching! Please, schedule a FREE CALL with my team. They will answer your questions and provide important information. You can schedule here: lt.jamesbakercpa.com/jbytcomment
I am Indian and want to start llc for digital fashion designs. The client will provide a 1099. Am I required to pay taxes on that 1099 ? I will open US bank account
Where can i find out if my country (mexico) has any of these blacklisted?
Hi Santiago, thank you for watching! Actually, there’s no blacklist. But, each state has different regulations, and some of them may benefit the company you want to create. So it’s essential you get the right information, help, and advice. You can schedule a FREE call with one of our associates, they will answer your questions and help you out with any doubt you have lt.jamesbakercpa.com/jbytcomment Thanks!
If I put up my LLC addressed to Florida, would I be able to get a bank account named to the Business? Neither I am a resident nor stay there in Florida.
Hi Karen, we need more information to help you out. Please write to support@jamesbakercpa.com so we can assist you. Thanks!
Hi,
I'm planning to open an LLC for eBay & Amazon FBA. I'll source my items from Canada to send them to Amazon warehouses in the USA. I'll be paying my suppliers in Canada from my company account too.
Can you please tell me which state is best for this business model.. Will I pay income tax for my single member non resident LLC ?
Also, Will I pay taxes while sending payments to my suppliers in Canada through my company bank account..
Currently I'm considering Florida, Delaware & whyoing. Please try to respond to me..I'll really appreciate your help...Thank you..
For Wyoming LLC, How much profit percentage I have to pay as IRS Tax (1120 & 5472)?
Hi Faaiz, thanks for watching. I need more information to help you, please schedule a FREE call with one of our associates, they will answer your questions and help you out with any doubt you have: lt.jamesbakercpa.com/jbytcomment
Have a great day!
Hi James thanks for the video. I'm from australia. Is it possible for me to get a usa credit card if I form a usa business? Thanks for your videos buddy
Hi Ben, thank you for your support. Yes, it is. I would like to recommend you schedule a free call with one of my associates. You will receive important information about the company creation process. Also, I have courses that might help. Please follow this link to schedule it: calendly.com/supportjbcpa/30min
Should a day trader use a LLC in there state (NYC) or is it better to just have a S corp. just into trading nothing else as of now
Hi Mr Hindsight, Thank you for your support!
Please write to support@jamesbakercpa.com so we can answer your question and help you out. Thanks!
what about missouri? isn't it the cheapest to form?
Hi El Pablito Rodriguez. I'd love to answer your question. Please, write to support@jamesbakercpa.com, so we can assist you. Have a great day!
Thank you. great video. I have a question, When registering an LLC in Wyoming, can I put a New York mailing address (friends house..), or does it have to be from Wyoming as well?
It should be from Wyoming
@dan b
There is a registered agent address which needs to be wyoming and mailing address can be anywhere
The llc formation service companies also fill my taxes?
fill or file?
Some will file for you, most won't.
None will fill them for you, thats for you and your CPA to do.
And how about a Florida LLC?
Hi Eva, it's good too.
I intend to form llc how is missouri and arizona for non us resident and even montana
Not sure we use mostly Wyoming
What is the Annual text in North Carolina LLC
Hi Taha, We'd love to answer your question. Please write to support@jamesbakercpa.com so we can assist you. Thanks!
I want to form an llc and missouri arizona montana has only $50 filling fee and no renewal fee is it OK taxpayer wise to open llc In these states and how much yu charge for it
Hi Manzoor, thank you for reaching out. We need more information to help you. I'd suggest you schedule a FREE CALL with our associates. They will answer your questions and give you important information. You can schedule your FREE CALL here: lt.jamesbakercpa.com/jbytcomment
Have a great day!
Hi James,
I'm a non-us citizen.
I want
- to build a C-Corp for my mobile app (job app).
- no US employees or store etc
- to begin with US market (customers) and then - depending on success - maybe other countries (also Europe etc)
- to fund from investors if possible.
Monetarisation should be fees and "pro memberships" (in-app purchase).
Which state would you prefer for C- Corp: Delaware or Wyoming?
Thank you in advance. 👍
Hi S A. Thanks for reaching out. We need more information to answer your question. You can schedule a FREE call with one of our associates by following this link:lt.jamesbakercpa.com/jbytcomment Have a great day!
Please explain for Non-Citizen Which one is Best Wyoming or Florida and total Expenses
Hey Sajawal. I really like WY.
Hi James, I am non US resident and created my LLC in washington but now my suppliers in US ARE ASKING ME A RESALE CERTIFICATE TO avoid paying tax on my purchase of inventory. This resale certificate need to be done online 1 tax permit and second resale certificate. However washington gov website need an ssn or itin that i dont have as non us resident should i moove to new hampshire or oregon ? thanks
You can request a resale certificate in those states with the same LLC but you may have to register it there.
Californian here.
I run a day-trading business (purely online). Would I need to file a foreign LLC in California if I form a LLC in Wyoming?
Hi ArmorKing, Thanks for watching. We need more information to help you out. You can schedule a FREE call with one of our associates by following this link: lt.jamesbakercpa.com/jbytcomment Have a great day.
If I live in California is it beneficial to do Wyoming?
Hi Daniel. We need more information to answer your question. Please, write to support@jamesbakercpa.com so we can assist you. Have a great day!
What is the cheapest cost to create a LLC business in the US as a non-us person?.. and after creating the comoany, what types of expenses will we encounter?
Hi Zeki, thanks for watching. I suggest that you schedule a call with one of our associates. On this call, we will do our best to answer your questions and explain how we can help you. Here's the link: lt.jamesbakercpa.com/jbytcomment
Have a great day
Hi James. I already have a single member WY LLC as a non-resident, but I'm on the process of obtaining an ITIN to get a surety bond. However, I'm uncertain if by getting an ITIN I will then be required to pay taxes as an individual?
Hi Chris, thank you for watching. I need more information to answer your question. Please, schedule a FREE CALL with my team, they will answer your question and provide important information. You can schedule here: lt.jamesbakercpa.com/jbytcomment
Hi James, thanks for the great video, I want to open an LLC non resident to start online business using amazon platform, will be my LLC taxed in the USA ?
Hi Abdul, thank you for your support! I need more information to help you. Please, schedule a free call with our associates. We'll answer your question and give you important information about the company creation process. You can schedule here: lt.jamesbakercpa.com/jbytcomment
Have a great day!
If you got your answer plz tell me❤
Hi James, I was naive when I registered my LLC with Kentucky and I used a California mailing address and because of that I am required to pay taxes. Is there a way I could move my LLC to a new state like you rightly mentioned?
Hi Amadin, We would need more details to help you , please send an email to support@jamesbakercpa.com Thanks! :)
Hey brother I live in boca and want to work with you. Scheduled a meeting for Friday but don’t want to talk to a sales agent, want to talk and work with you direct.
Hi Carl, thank you for reaching out. I'd love to help you! Please, write to support@jamesbakercpa.com to schedule a one-on-one meeting. Have a great day!
Can a Wyoming LLC purchase real estate in other US states?
I need more information to answer your question. Please, write to support@jamesbakercpa.com so we can assist you. Have a great day!
Hi This is Rohit. What I f I want sell RSU and afterwards, I transfer momey to another bank account in US. Is it legal to do? Can I open bank account in US, sell my stocks and transfer money to that account. Let me know your fees as well. I don't want to bring money back to India
Hi James, do you provide Tax Attorney services?
Hello Hân. Yes, I do. If you want more information you can send an email to support@jamesbakercpa.com
@@JamesBakerCPA Hi, I did send email to you, looking forward for the next step. Thank you!
Hello, I was thinking of opening an LLC in the United States (Florida) but I am unclear about the tax obligations that I will have and how much exactly I will have to pay. Could you please guide me on that? I am a non-resident. My main business activities will be ecommerce and online retail.
Hi Aimun, I'd love to assist you. Please, schedule a FREE CALL with my associates. They will answer your questions and provide important information abut company creation process and tax obligations. You can schedule here: lt.jamesbakercpa.com/jbytcomment
Did yiu get the answer..plz tell me❤
Hi, I have a single member LLC. (Formed this May in Delaware via Stripe Atlas) (Non-US Citizen) from INDIA. I have not filled any taxes yet, is it a Disregarded Entity? And, I was trying to open Google Adsense account for my LLC which form I should fill out? W-8BEN, W-8BEN-E, W-8ECI or W-9.
Hi Jayash, I'd need some more details to help you. Please write to support@jamesbakercpa.com so we can assist you. Thank you!
hi as non resident how can i get bank number for my company and who can helpme to register my company with the lowest cost ?
Hello, if you need help you can schedule a call with my specialized team totally free
lt.jamesbakercpa.com/jbytcomment
What that mean operate out of us?
The business activities (What ever you do for you clients / customers) are outside of the U.S
Thanks James for your valuable information.
What if I want to setup a nonresident company in the US, my operations is based abroad but clients and revenue is generated in the US. What would be the tax requirement in this case ? What would be the best state to form the company?
Hi Mark, hope is well. Send an email to support@jamesbakercpa.com
Hi James! Thanks much for your informative video. I am a non-US resident planning to start an online business selling traveler's gear (backpack, apparel etc.) I intend to get the initial funding through crowdfunding like Indiegogo. The idea is to sell products all around the globe with no US physical presence or employee. I read Wyoming collects sales tax and Delaware doesn't. What would be the best state to form a company for online sales business?
In your case, Delaware would be the best state to form it
If you are a non US resident with no US source of income and us employees/ office, shouldn't there be no tax? Where did you open by the way? Am planning an app business and gathering into. Your info would help
Is it worth opening an LLC if you already own a Canadian Corporation? I was interested in opening a subsidiary in US.
Thank you for sharing this useful information!
For a non US resident planning to register an LLC for selling things worldwide on Etsy from Europe, which state would you recommend?
Hi Zanfaxas, I need more information to answer your question. Please,schedule a FREE CALL with my team. They will answer your questions and provide important information about company creation process. You can schedule here: lt.jamesbakercpa.com/jbytcomment
Hi James, I have single owner Delaware LLC. I am planning to start amazon wholeseler FBA business which require reseller certificate to get brands/distributors approvals. Since delaware does not issue reseller certificate what options do i have ? Close delaware LLC and open another LLC with a state that issue reseller certficate ? Will an out of state reseller certificate work ?Any suggestions you may have would be great.
Hello Haseeb. Thanks for watching my video. You need a resale certificate of the state you're buying those things! For your other inquiries, it would be best to schedule a call. You can write to support@jamesbakercpa.com to guide you with the next step.
Hi, did you manage to get the reseller's certificate? I'm planning to form an LLC, Wyoming or Delaware is the better option?
@Haseeb Mazhar Ali
Brother I also wanna from LLC in Delaware, I read your comment then I thought should I get advice from you before opening, so kindly guide me, it's batter if I form LLC in Delaware?
@@muhammadsaqib3474 Please go for florida LLC as its renewal cost is 125 USD vs 300 USD for DE LLC. Thre is no renewal cost for texas LLC but its more expensive to make and also requires an additional 500 USD deposit. Reseller certificate i got for out of state (NJ) and i have no problems using that to open accounts with distributors and wholesalers for my amazon business. I am not a CPA so do your own due dillegence before making a decision and keep following James channel as his vidoes are very good. All the best and good luck !!
@@2143haseeb brother can I contact to you personally, if you share your any kind of contact way..
For india people which state you recommend to LLC
Hi Mohamed, thank you for watching! I need more information to answer your question. Please write to support@jambeskaercpa.com so we can assist you. Have a great day!
Hi James which information would like to know
The best in Texas or Wyoming??
Hello! It depends on the situation, but I always recommend WY
@@JamesBakerCPA thanks
@@JamesBakerCPA can I get all the services of llc online like llc, reseller certificate EIN etc?
Affordable service
@@worldofbeauty_4K Of course you can! Send an email to support@jamesbakercpa.com for my team to help you. Thanks!
Thank you for sharing this James.
I am forming an LLC in the US. Initially I thought about Wyoming but now I am considering New York. I know the initial cost is high($200 filing fee then another 375+ for publication requirement of NY). But it will feel more credible to my US/Canada clients when I can say my agency is NY based. And what I like the most about NY is that they have very low recurring fee like only $9 USD every two year. But I did not find any useful information about is it same like Wyoming or New Mexico in terms of tax for non-residents? I will be mostly providing services to my global clients and receive payments with stripe. No physical establishment or employee in the state. Also, do I need any license to provide web dev and marketing services?
Would be grateful if you could share information about these.
Hi Sheehab, thank you for watching. I need more information to help you. Please, schedule a FREE CALL with my associates. They will answer your questions and provide important information. You can schedule here: lt.jamesbakercpa.com/jbytcomment
You will pay corporate taxes in NY 🤣
Ok you have you are LLC, then how u get your resale certificate as non US resident to buy from us supplier free of tax on invoices
Can you please share your experience?
@@Bambotbwhy?
Means every year we have to pay $300 to renew our company in Delaware
Hi S Shah. Thanks for watching. I'm here to help if you have questions or comments. Have a great day!
Hi James thanks for replying well this was my question do I have to pay $300 to renew my LLC every year ??
Hi, if you form an LLC and I use it to open a brokerage account with a US Broker such as Charles Schwab are the taxes and withholdings the same as an individual account? Capital gains would be 0% Tax, but withholding by the IRS if it’s an individual account you are subject to the double tax treaty between the US and you country of residency, but if it’s an LLC what is the withholding rate?
Thanks
How can we reach you if we want to work you as our consultant
you can contact my support email
Support@jamesbakercpa.com
Hello James, one quick question, I obtained my LLC in Delaware in March/2022. And now i read that a tax file should be done before 14/April. Does this apply to me, or the filing due next year?
Next year AbdelKarim! :)
@@JamesBakerCPA Thanks
Hello! What are the best steps to open the LLC please?
I appreciate your videos. Your insight and knowledge is on point.
My concern is Shopify is allowed in the Caribbean ( Jamaica) but not Shopify payments. Now we could switch the country to USA ( for example) and start selling ( to the USA market). Is that ok? If and when sales reach taxable levels open an LLC?
Thanks for making things clear! What would it cost to Form an LLc with you Sir? Should I shoot you an e-mail? Do you offer accounting? Thx bets Regards Ben
I am from India and planning to register an US business remotely and also open a bank account remotely (Probably with Mercury). It's going to be non US income/ App membership selling and no physical person there. Is New Mexico a good choice or should I prefer Wyoming for any reason ( like any other corp taxes or issues with opening bank account)? Please share your opinion.
Hi Tamil, Thank you for watching. I'd suggest you schedule a FREE CALL with one of our associates to receive appropriate guidance and answers to your questions. Here's the link: lt.jamesbakercpa.com/jbytcomment Have a great day
Hello James , thanks for the video.
I'm not a citizen, but my partner is and we are trying to start our LLC, if he did the registration or incorporation online and added me as a member would that be a problem ? Also as I don't have a SSN I know I need to obtain an ITIN, is it ok to start with ITIN after the LLC is formed ?
Hi, thank you for watching. I need more information to answer your question. Please, write to support@jamesbakercpa.com, so we can assist you. Have a great day!
@@JamesBakerCPA I did email you yesterday, I'll wait for your reply.
Happy Thanksgiving
.. 🤗😏🤔🤔🤔
Hi, is there any email address I can connect you
Hi Dilip, thank you for following my content. You can write to support@jamesbakercpa.com Thanks!