Single vs Multi-Member LLC - What's Best For You? (Full Guide)

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  • Опубликовано: 20 июл 2024
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    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...
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    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...
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Комментарии • 21

  • @ScottJLetourneau
    @ScottJLetourneau 4 месяца назад +1

    Great input for non-residents and U.S. residents will most always start as a single-member LLC disregarded and have the option to make a late S election later in the U.S. Another great video, Jim!

  • @owlincubator9773
    @owlincubator9773 4 месяца назад

    Thanks for great video. ❤I heard that SMLLC and MMLLC can switch with each other automatically under some circumstances, and I found some words about that on IRS form. I can't find pratical example though.😅

  • @AhmedKhalil-zj6ly
    @AhmedKhalil-zj6ly 4 месяца назад

    First I would like to thank you for all the information you share.
    Where is the switch from smllc to mmllc video?

    • @jimbaker
      @jimbaker 4 месяца назад

      later this week

  • @jc_duenas
    @jc_duenas 4 месяца назад +2

    3:13 mistake by editing team. James states W9 for MMLLC and the video says “W-8BEN-E”

  • @henrikandersen7778
    @henrikandersen7778 4 месяца назад

    Can you avoid withholding taxes on stock dividends with a single llc, if you choose to have the single member llc taxed as a separate legal entity?

  • @myrten3124
    @myrten3124 4 месяца назад

    Can MMLLC owned by 2 SMLLCs (disregarded entities owned by the same foreign person) file W9?

  • @MMasabOmairTM
    @MMasabOmairTM Месяц назад

    Hi Jim, I have already obtained my EIN by filing the form SS4 form BUT, my LLC is multi-member and in the section 9a. instead of "Partnership" i have selected the "other - Forgien owned disregarded entity" option.
    Is that a mess up? if so, can i fix it?

  • @bajamerica
    @bajamerica 22 дня назад

    I run an HOA based in Mexico. We have homeowners who are from both US & Mexico. The legal entity is Mexican with Mexican ID (RFC) as a legal Association. Our only income is Dues, which are expended, except for a reserve. We want to make it easier for US members to pay dues online, on our website, without international bank transfers, using their credit/ debit cards as if we were any other Point of Sale transaction. Can we set up as a foreign owned LLC to accept payments, and mostly pass them through to our Mexican Association account in Mexico. Or other option you recommend? 99% of our expenses are paid in Mexico.

  • @aallin1_mtr
    @aallin1_mtr 3 месяца назад

    Can I form a single member llc bookkeeping firm from india

  • @ATTIQOP
    @ATTIQOP 4 месяца назад

    sorry for this wierdo question but how does someone pay taxes does irs give a bill or what?

    • @JamesBakerCPA
      @JamesBakerCPA  4 месяца назад +1

      If you have to pay, you send money when you submit the forms. Paying online often is easiest

    • @ATTIQOP
      @ATTIQOP 4 месяца назад

      @@JamesBakerCPA thanks 👍🏻

  • @armyman3666
    @armyman3666 4 месяца назад +1

    Disappointed with the service.
    Booked a call that was cancelled at the very last hour, and without any justification, just saying book another call lol.
    I won't, thank you.

    • @JamesBakerCPA
      @JamesBakerCPA  4 месяца назад +1

      Hey sorry that you had that happen. We are still working on the back end tech and sometimes there are double bookings. This isn't the actual service though. I hope you get value from the videos!

  • @milkovivaldi
    @milkovivaldi 4 месяца назад

    Also Holding 99% and me 1%?

  • @omaradawieh2693
    @omaradawieh2693 4 месяца назад

    Can you please check your support email?