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Hi Arjun, congrats on your launch! I'm a non-US who knows a bit about going through the US incorporation. I've never considered an LLC because of the pass-thr

Hi Arjun, congrats on your launch! I'm a non-US who knows a bit about going through the US incorporation. I've never considered an LLC because of the pass-through taxation which is pretty much impossible when you're outside of the US. Stripe Atlas used to support LLC for non-US but they stopped it because they found that people recklessly open it but cannot run when they are non-US residents. So, how does your product help those non-US resident with an LLC?

arjawn 6y ago
Hi Artem, thank you so much! Disclosure: I am not a tax or legal professional and this is purely informational advice We get asked about taxes all the time (from US and non-US residents) so we partner with and work with tax and legal professionals who can not only answer questions for people and provide professional advice but they can also help people with any tax related work that people want help with. Note: you are not required to pay or work with a tax professional for tax related filings or requirements but often times it can be easier and save time to do so. Now regarding "taxes for non-US residents" here is an informational tl;dr: - If you are a 25% Foreign-Owned (or more) U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business you have an "informational filing requirement." Note this isn't a "tax filing" requirement but it is still a filing that is required annually: https://www.irs.gov/forms-pubs/about-form-5472 https://www.irs.gov/forms-pubs/about-form-5472 - If you have "effectively connected income" with the US, then you have a US "tax" obligation and this filing is required: https://www.irs.gov/forms-pubs/about-form-1040-nr https://www.irs.gov/forms-pubs/about-form-1040-nr If there are many questions on this I'd actually be happy to put together an FAQ doc or a webinar with a CPA / Tax Professional!

arjawn 6y ago

Hi Artem, thank you so much! Disclosure: I am not a tax or legal professional and this is purely informational advice We get asked about taxes all the time (from US and non-US residents) so we partner with and work with tax and legal professionals who can not only answer questions for people and provide professional advice but they can also help people with any tax related work that people want help with. Note: you are not required to pay or work with a tax professional for tax related filings or requirements but often times it can be easier and save time to do so. Now regarding "taxes for non-US residents" here is an informational tl;dr: - If you are a 25% Foreign-Owned (or more) U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business you have an "informational filing requirement." Note this isn't a "tax filing" requirement but it is still a filing that is required annually: https://www.irs.gov/forms-pubs/about-form-5472 https://www.irs.gov/forms-pubs/about-form-5472 - If you have "effectively connected income" with the US, then you have a US "tax" obligation and this filing is required: https://www.irs.gov/forms-pubs/about-form-1040-nr https://www.irs.gov/forms-pubs/about-form-1040-nr If there are many questions on this I'd actually be happy to put together an FAQ doc or a webinar with a CPA / Tax Professional!