If you are a foreigner, e.g. no US resident, you are fully taxable with your US LLC profits in your country of residence, e.g. let's say Germany. There is no way to get a tax discount or any other simple magic hack. However, if your lifestyle allows, to become a digital nomad (not living in a single country for more than 183 days) in theory you may operate tax-free (only sales outside of US, domestic US sales are taxable). The big benefit of a US LCC in this case is, that it's 100% trustworthy limited liability company that does not automatically enforce taxation residency for you individually and can be operated from anywhere in the world. No UAE, no Caribbean islands shell companies needed, that ring all bells and will keep business away.
Thx. Am I taxable in my country of residence even when the money is kept on the LLC's bank account in the US?
Let's say a small side hustle earns me $200/month. The money is kept on the LLC's bank account. Later on, when I visit the US, the LLC is paying for traveling and hotel. Would I still need to pay taxes in my country of residence?
(Even though you probably aren't a lawyer, I'd still appreciate your thoughts on this).
rmoriz|1 month ago
long: It depends.
If you are a foreigner, e.g. no US resident, you are fully taxable with your US LLC profits in your country of residence, e.g. let's say Germany. There is no way to get a tax discount or any other simple magic hack. However, if your lifestyle allows, to become a digital nomad (not living in a single country for more than 183 days) in theory you may operate tax-free (only sales outside of US, domestic US sales are taxable). The big benefit of a US LCC in this case is, that it's 100% trustworthy limited liability company that does not automatically enforce taxation residency for you individually and can be operated from anywhere in the world. No UAE, no Caribbean islands shell companies needed, that ring all bells and will keep business away.
hwj|1 month ago
Let's say a small side hustle earns me $200/month. The money is kept on the LLC's bank account. Later on, when I visit the US, the LLC is paying for traveling and hotel. Would I still need to pay taxes in my country of residence?
(Even though you probably aren't a lawyer, I'd still appreciate your thoughts on this).