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questions from foreign-owned single member LLC

Technical topics regarding tax preparation.
#1
juro  
Posts:
330
Joined:
18-Oct-2015 9:11am
Location:
USA
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 ?
 

#2
deniz  
Posts:
52
Joined:
19-Feb-2018 11:33pm
Location:
WA
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.
 

#3
Posts:
426
Joined:
7-May-2014 3:42pm
Location:
Reston, VA
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.
 

#4
juro  
Posts:
330
Joined:
18-Oct-2015 9:11am
Location:
USA
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
 

#5
Posts:
426
Joined:
7-May-2014 3:42pm
Location:
Reston, VA
Exactly. $25k penalty. It is crazy.
 


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