Taxes on a foreign owned LLC?

Asked by: mark - 15 October, 2012

https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8

Hi,

I am a non resident allien and have a registered single member LLC in Delaware. I am opening company bank account in New York. It will be used specfically for Google payments. Will I have to pay any taxes ?

Answered by: Robert Kowalski - 16 October, 2012

https://d25eic0jctudgb.cloudfront.net/images/site/avatars/35.jpg-687fc92d5f6c5febcbdccb6895b08b8c

Mark,

The question of taxes is a very general one. If you are wondering if your LLC would be required to pay taxes in New York because you bank there the answer is no. With that being said, keep in mind that LLCs don't pay taxes on the LLC level if they elect to be taxed as partnership/disregarded entity.

On questions of taxation you really should consult an accountant.

Comments:

Ask Incorporation Question:

Payroll Processing

Get the simple, powerful payroll you deserve.

Our firm recommends ADP because our clients get access to simple payroll and HR solutions that fit their business needs, backed by 24/7 expert support.

If interested, please click on the logo above and get in contact with the leading company in payroll processing.

Payroll Processing Solution

Online Marketing & Websites

Streamline your online presence for success!

Starting a new business and getting the word out isn’t easy. You could hire your local social media girl for pennies on the dollar, but you might not see real results. Let us use our decades of proven digital marketing expertise to help you create a successful online presence with a custom quality website and marketing you can trust.

We provide proven, effective PPC, SEO, Automation and Social Media advertising. No hidden fees and ongoing access to the team so you’re never in the dark.

Click here to find out how affordable and effective this service can be.

Web Hosting Services

Get a Host that you can trust.

We recommend our clients to InMotion Hosting because they are an award-winning, reliable, and experienced Web Hosting Service provider.

Click on the logo above to receive access to discounts (up to 50%) for hosting services such as Business Hosting, VPS Hosting, Dedicated Servers, Reseller Hosting, and WordPress Hosting.

Web Hosting Service Solutions

Disclaimer:

This answer has been written for educational purposes only and was not meant to be legal advice and should not be construed as legal advice or be relied upon. The post may contain errors, inaccuracies and/or omissions. You should always consult an attorney admitted to practice in your jurisdiction for specific advice. This post may be deemed as Attorney Advertising. MyUSACorporation.com do not assume any responsibility for harm or damage resulting from the use of this information in any way. For more information please see our Terms of Service.

Please note that according to IRS Circular 230 to ensure compliance with requirements imposed by the IRS, we inform you that any tax advice contained in this writing was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any matters addressed herein.

Taxes on a foreign owned LLC?

Comments:

We Want To Connect With You!

Need help?

Thanks for visiting!