Our services
LLC Tax Returns
EIN / ITIN
It is perfectly legal to own an American Limited Liability Company (LLC) while residing in France. Owning an LLC can offer tax advantages. However, it is imperative to declare LLC income in your country of residence.
In the USA, the LLC is considered as a semi-transparent entity for tax purposes; this means that the entity reports its profits in the USA, but it is the partners who are personally liable for taxation in their country of residence. Thus, an American LLC partner in France will have to report his share of profits on his personal income tax return. Our specialists can help you with these declarations.
As a limited liability company, LLC partners are not personally liable for the company's debts beyond their respective contributions.
In addition, an LLC can be owned by one or more partners, known as members. An LLC can be set up as a single member LLC, or as a partnership with several members.
To benefit from the advantages offered by an LLC, it is essential toobtain an Employer Identification Number (EIN ) from the IRS, the U.S. tax authority.
Expert LLC USA can help you set up your LLC in the United States. If you have any questions, you can contact our team for answers to your needs.
The LLC combines features of both corporations and partnerships. It is similar to an LLC in that partners' liability is limited to their contributions.
Tax-wise, however, the LLC is more akin to a partnership, as LLC profits are not taxed at the level of the company itself, but rather at the level of the partners.
The LLC's profits and losses are thus directly allocated to the partners in proportion to their respective shares in the company.
Under the tax treaty signed between France and the United States on August 31, 1994, France recognizes the LLC's tax status. Consequently, if you operate an LLC from your home in France, a permanent establishment is considered to be established in France. This means that your profits will be subject to taxation in France.
Holding an LLC in France can be advantageous in a number of situations.
The United States applies a specific tax regime to income from companies owned by non-resident aliens, also known as "NRAs".
Consequently, income generated by a business owned by a French resident will generally not be subject to tax in the USA. Nevertheless, such income will be taxed as part of the French income tax return, except in certain exceptional cases.
The U.S. LLC can be an advantageous tax option because of its semi-transparent tax status.
In addition, the American LLC offers great flexibility in its operation. This gives the manager freedom to manage the company's cash flow. The members of the LLC have the power to decide on the amount and frequency of remuneration.
If you have any questions, please do not hesitate to contact our team at Expert LLC USA , who will be able to help you.
We recommend that you benefit from support throughout the life of your American company.
It is essential to seek support at every stage in the life of your U.S. entity. When setting up an LLC, it is advisable to call on the services of an expert whose contractual technicality and formalism will be assets in drafting your legal documents, while ensuring that shareholders' interests are safeguarded and public policy respected.
Our specialists are available to help you with your tax returns and company renewals .
The tax return procedure is a complex and technical one, requiring the mastery of numerous forms and schedules to be completed and filed. An error in filling in one of these forms can have damaging consequences. It's also important to respect the filing deadlines.
Expert LLC USA is here to help you set up your U.S. company, as well as fill out and submit your tax forms.
We can also provide you with an EIN (Employer Identification Number) and an address in the United States.
Our expertise in this field will be invaluable in simplifying the tax declaration process.
