Many people wonder about the relevance of creating an offshore company in the United States. Beyond its purely practical aspects, the American LLC has many advantages without having any problems (compared to other legal forms such as an Irish Ltd, or other).
The purpose of these frequently asked questions is to answer the main questions that everyone has.
Our specialists are at your disposal to answer all your questions (free of charge)! Do not hesitate to make an appointment now.
Let's start with a definition... An offshore company is a company established in a foreign country in which it does not carry on business and in which the partners are not personally resident for tax purposes.
Holding an offshore company is perfectly permissible. What is prohibited is the absence of tax returns or fraudulent maneuvers with the objective of evading taxes.
Thus, holding an offshore company in the United States is perfectly legal. However, it is completely illegal to fail to declare the income of this company in your country of residence. These practices are completely contrary to our message. If this is your goal, we invite you to move on. Expert LLC USA reserves the right to refuse your already created company or the creation of your future entity if the information submitted leaves room for doubt that any fraud is taking place.
The société par actions simplifiées(SAS) is a company in which the liability of the partners is limited to the amount of their contributions. It is a company subject to corporate income tax, at the rate of 25% (reduced possibilities of option for IR).
The private company by shares(Ltd) is a joint stock company in which the liability of the partners is limited. It is a company subject to Irish corporate tax of 12.5%. Creating an Irish or English Ltd for your activity can be very dangerous. Indeed, because of the absence of a permanent establishment in Ireland, the tax authorities may requalify the company by subjecting it to French corporate tax since your entity will be managed, directed, and run from France. This is clearly an option to be discarded.
The limited liability company(LLC) is an offshore company in which the liability of the partners is limited to the amount of their contributions.
In contrast to the SAS or the Irish Ltd, the American LLC is a company apprehended as semi-transparent for tax purposes, which means that it declares a result in the United States but it is the partners (natural or legal persons) who are personally liable for taxation. The profits will thus be taxed only once, in the hands of the partners, avoiding the phenomenon of double taxation of the profits as in a SAS or an Ltd.
Choosing an American LLC is a judicious choice because its status is clearly defined by the Tax Convention between France and the United States, and it avoids any type of recharacterization because of its tax semi-transparency .
LLC stands for Limited Liability Company and is by definition a limited liability company, which means that the partners do not incur personal liability (personal liability is limited).
The company may be owned by one or more partners, either individuals or corporations.
The LLC is a semi-transparent entity for tax purposes, which means that the profit is taxed directly in the hands of the partners, in their country of residence, to the extent of their share of the profits.
There is a wide range of business activities that can be conducted through an American LLC.
Among the most popular are:
- E-commerce business, dropshipping, Amazon US/EU FBA, import/export, etc;
- Consultant, freelancer, etc;
- Trading, crypto, etc;
- Real estate in the US;
Etc.
The U.S. LLC has many advantages due to its great flexibility of operation.
We can mention some of them:
- No minimum capital to deposit;
- Possible anonymity of the managers and partners;
- Limited liability of the partners;
- No mandatory accounting;
- Semi-transparent taxation (sometimes allowing up to 0% taxes depending on your tax residence, etc.
The Registered Agent is an agent who represents you before the Secretary of State in order to carry out any formalities for your American LLC.
As it is our local partners in all American states, you will be legally authorized to use its address and make it your official business address.
Through your client area, you can control the entire management of your LLC. Our team of expert formalists is at your disposal if you have any question, ensuring an efficient support (answer within 48 hours).
The EIN is a number assigned by the IRS to identify your company to various organizations (including U.S. banks). Thus, it is necessary to have an EIN to open a business bank account.
Our formalists propose two offers in order to obtain the EIN:
- The classic offer at $299 where you get the EIN in 2 to 4 weeks;
- The EIN EXPRESS offer at $699 where you get the EIN in 48 business hours (or refunded).
Feel free to order directly from our website or make an appointment with one of our specialists for more information. The Internal Revenue Service (IRS) uses the Employment Identification Number to identify your company (sometimes called Tax ID).
Expert LLC USA is a team of expert formalists who have been working on the subject of American LLC for more than 15 years.
First specialized in real estate LLCs in the early 2000s, the emergence of dematerialized economic activities has created new needs. Indeed, the American LLC meets all the needs of e-traders, consultants, etc. because of its great flexibility.
Thus, for the last 10 years, our team has been specialized in the questions of companies carrying out an online business.
Moreover, our banking partners have trusted us for more than 10 years. Recognizing our know-how, they trust our customers.
Who is our team composed of?
Business managers, tax specialists, accountants, lawyers, our team or our partners are at your disposal to answer all your questions and to accompany you in the creation, growth and development of your business.
Your dashboard is accessible as soon as your order is placed.
From your customer area, you will be able to ask our teams all our questions, make an appointment with a tax specialist (or an accountant, or a lawyer), renew your company, declare your income to the IRS, establish a transfer of shares (addition or withdrawal of a partner), etc.
Your client space is also the synthesis of your entity: you will find all the legal documents of your company, as well as all the information relating to it(tax and administrative deadlines, in particular).
Each client has at Expert LLC USA a dedicated account manager in order to ensure an optimal management of the client.
With Expert LLC USA, you can incorporate your company in all US states.
For reasons of annual costs, it is often recommended to incorporate in the state of New Mexico or in the state of Wyoming.
YES. It is a must.
Usinga professional tax preparer or CPA is essential to ensure that you do not make any errors or omissions when completing and filing your LLC's U.S. tax returns. The obligation of the returns should not be underestimated, as they are very severely punished by the IRS (up to $25,000 per year per form in case of error or omission) .
Why should I entrust my US LLC tax returns to Expert LLC USA?
For more than 10 years, we have been assisting investors who have purchased real estate in the United States, as well as entrepreneurs (e-commerce, freelancers, consultants, etc.) who want to optimize their tax situation. Our high-end support worthy of a major international firm is offered to you at a reduced price, with support over time.
Our tax preparers have been trained by major American accounting firms. If the use of a CPA seems necessary to your Expert LLC USA specialist, we will redirect you to partner accounting firms.
Our specialists have been working for about ten years with major banking players in the United States.
The recognized know-how of our specialists is echoed by these partners, who accept the banking files presented following the audit carried out by our formalists.
You wish to be accompanied in the opening of a physical or online bank account? Contact our specialists, they will answer all your questions for free.
Make an appointment directly with one of our account managers dedicated to wealthy clients, who will be able to give you some ideas about your wealth management and the opportunity of an American trust.
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