3 ms·
You will need to engage someone to help file the LLCs taxes, so you should engage this person now and start asking your question before you incorporate. Among
by yokumtaku 18y ago
You will need to engage someone to help file the LLCs taxes, so you should engage this person now and start asking your question before you incorporate.
Among other things, consider the following:
1. If this is the type of project that is intended to be VC-funded in the future, you should start with a corporation, not an LLC. (Keep in mind that an S corp can't have non-U.S. residents.)
2. If the LLC is a flow through entity, the UK person may have income "effectively connected to a U.S. trade or business," which may subject them to U.S. income tax at the same graduated rates that U.S. persons pay.