LLC formation in the US is easy to do online and an excellent option for EU citizens to expand their business internationally and benefit from the tax advantages. This guide will show you the most important aspects of LLC formation in the US, including choosing the best state, tax considerations and setting up a bank account.<\/p>\n
When choosing the state for your LLC formation, some states stand out in particular:<\/p>\n
Details of the franchise fees can be found in the separate article: Franchise Tax<\/p>\n
There are two main types of LLC formation:<\/p>\n
In both cases, your real name and residential address must be provided when registering a company account. This is a Banks' requirement to comply with Know-Your-Customer<\/a> (KYC) and anti-money laundering regulations. As long as the company does not violate any laws, this information remains a banking secret and is only reported to the IRS (Internal Revenue Service).<\/p>\n More on the topic: Normal LLC Reasons<\/a> For European citizens, a LLC with several members and a well-drafted partnership agreement<\/a> often the cheapest option. The reasons for this are:<\/p>\n See: US companies (LLC) for EU citizens Differences to EU companies<\/a><\/p>\n In order for the US LLC, which was founded by a non-US citizen, to be recognized in the USA tax-free<\/a> (Exempt LLC), the following requirements must be met:<\/p>\n It is important to note that \"Doing Business in US (ETBUS)\" can lead to tax obligations in the USA.<\/p>\n The formation of an LLC in the USA can be done entirely online.<\/a> without you having to travel in person. The process is typically as follows:<\/p>\n The total duration of the process can vary depending on Federal state<\/a> The duration of the treatment may vary depending on the individual circumstances, but typically ranges from a few weeks to two months.<\/p>\n The Tax aspects of an LLC in the USA<\/a> are particularly advantageous for European citizens:<\/p>\n In the EU, a US LLC with several members is generally treated as a Partnership<\/a> treated. This means:<\/p>\n This treatment may vary depending on the EU country, so it is important to consider the specific tax laws of each country and draft the articles of association accordingly.<\/p>\n Setting up a bank account for your LLC is an important step:<\/p>\n US bank accounts for US companies enjoy a high degree of protection. Data protection<\/a>:<\/p>\n
\nMore on the topic: Anonymous LLC Reasons<\/a><\/p>\nMost favorable form of company for European citizens<\/h2>\n
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Eligible customers for US LLCs<\/h2>\n
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Establishment procedure and duration<\/h2>\n
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Tax aspects<\/h2>\n
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Tax treatment in the EU<\/h3>\n
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Bank account for LLC companies<\/h2>\n
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Data protection of the US bank account<\/h2>\n
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Conclusion<\/h2>\n