Absolutely, let’s break it down step by step:

• Pass-through Taxation: A US LLC is typically considered a “pass-through” entity. This means the company itself doesn’t pay taxes on its income. Instead, the profits (or losses) “pass through” to the owner and are reported on their personal tax forms.
• US Source Income: If your US LLC makes money from selling goods or providing services within the US, you might owe taxes on that income. This can vary depending on the state your company is registered in.
• No US Activities: If your LLC doesn’t do business within the US and you, as the owner, aren’t a US resident, then typically you won’t owe US federal income tax. However, you should always check the local tax rules of the state where your LLC is formed.
• Annual Reports: While this isn’t a tax, many states require LLCs to submit an annual report and pay a fee. This keeps your company in good standing.
• Get Expert Advice: Tax rules can be complex, especially if you’re doing business in multiple countries or states. It’s a smart move to consult with a tax expert who can guide you based on your specific business situation.

Remember, staying informed and compliant is key to ensuring your business runs smoothly!

No, but you might want one. Forming an LLC helps protect your personal assets. It also unlocks the ability for you to open bank accounts, enter into contracts, hire employees, and get business licenses and permits.

Yes, for each business you will need separate LLC.

Both protect owners so they’re not personally on the hook for business liabilities or debts. But, key differences include how they’re owned (LLCs have one or more individual members, and corporations have shareholders) and maintained (corporations generally have more formal record-keeping and reporting requirements).

You choose. Single-member LLCs can file as a sole proprietor. Multi-member LLCs can file as a partnership. Any LLC can file as a C or S corporation.

Yes but it depends on the state.

Wyoming – State Fee($) – $100, Annual Return State Fee ($) – $60

Florida- State Fee($) – $125, Annual Return State Fee ($) – $138.75

Delaware – State Fee($) – $90, Annual Return State Fee ($) – $300($) -$0 (must file a return)

Washington – State Fee($) – $200, Annual Return State Fee ($) -$60

Washington DC – State Fee($) – $99

Texas – State Fee($) – $300 (e.2.y) , Annual Return State Fee ($) -$60

New Mexico – State Fee($) – $50, Annual Return State Fee ($) $0

New York – State Fee($) – $200

New Jersey – State Fee($) – $130, Annual Return State Fee ($) $750

Tell us what you’d like to call your business, and we’ll see if that name is up for grabs. (You can do this at the end if you don’t have a name picked out yet.) Answer a few more questions. Pick a price plan that fits your needs, and we’ll complete and file your paperwork with the state.

Yes sure, we have partnered up with many banks virtual Novel, Mercury, Airwallex, Wise, Brex and physical banks *Hight street banks) also like Bank of America, Capital One,Chase and many more to come

To get started, all you need to do is fill out our online form, submit your payment, upload your documents and we will handle the rest.You will need Passport copy.