Page 1 of 1

questions from foreign-owned single member LLC

PostPosted: 4-Nov-2019 8:30am
by juro
1. Would it be more tax efficient if Siguary llc was owned by a UK company ? I have a property company’s the UK called Siguary llc ltd so could transfer ownership to that.

2. Would it be more tax efficient if Siguary llc had more members ?

Re: questions from foreign-owned single member LLC

PostPosted: 7-Nov-2019 4:08pm
by deniz
If the client is relatively young, single owner that does short term flips of property, you can leave it as an LLC for the single level of taxation and capital gains tax rate.

All other scenarios are a planning exercise that requires more details of facts and circumstances.

Re: questions from foreign-owned single member LLC

PostPosted: 7-Nov-2019 4:50pm
by swgordon
Why would you want to have a foreign owner of a US business unnecessarily? You then open yourself up to all the foreign owner reporting. Penalties of which are huge if you fail to file the required forms.

Re: questions from foreign-owned single member LLC

PostPosted: 10-Nov-2019 12:11pm
by juro
swgordon wrote:Why would you want to have a foreign owner of a US business unnecessarily? You then open yourself up to all the foreign owner reporting. Penalties of which are huge if you fail to file the required forms.



https://imgur.com/a/UUfWqjW

Re: questions from foreign-owned single member LLC

PostPosted: 10-Nov-2019 4:52pm
by swgordon
Exactly. $25k penalty. It is crazy.