Benefits
- 0% US tax for non-resident aliens, if no US trade or business & on non-US FDAP income
- Can sell into the US tax free from abroad if no US dependent agents, office, or equipment
- Pass-through tax status as “disregarded entity” by default for single member LLCs
- LLC members are not disclosed publicly, in select US states
- FDIC-insured online bank account remotely, or traditional bank account with personal visit
- Eligible for Stripe payouts in USD within 2 business days, and PayPal Business account
- Sell on Amazon Marketplace and other e-commerce sites
Compliance Obligations
- Depending on state, may need to file annual report with Secretary of State
- Must file Form 5472 (attached to pro-forma form 1120) with US IRS annually
- Must file FBAR with FinCEN, if US LLC at any time during the calendar year held an aggregate value of over $10,000 in foreign financial accounts
Formation Requirements
- Limited liability, with only 1 member required
- LLC can be member-managed or manager-managed
- Must appoint a registered agent in state of organization
- US LLC should complete a BEA BE-13 survey, and apply for an EIN upon formation