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Recent content by kranj99

  1. K

    Form Canada British Columbia (BC) Limited Liability Partnership (LLP) Online

    Ok interesting - then it would seem BC is an easier place to set up than Ontario!
  2. K

    Form Canada British Columbia (BC) Limited Liability Partnership (LLP) Online

    So I'm not too sure on the BC specifics, and I'm only making assumptions that the procedures are more or less the same in all provinces. But I will give you feedback based on my experience with the Ontario LP Set up: 1. US LLC as GP - this is OK, BUT you have to register it as an EPC (Extra...
  3. K

    Costs to set up a BV in the Nethelands

    Thanks for the suggestion - in this particular case the NL holding is needed as it will be used to acquire an existing business in the NL. While in theory a holding in Spain or elsewhere in the EU should be fine - to keep things simple from an admin point as well as raising finance etc. we want...
  4. K

    Form Canada British Columbia (BC) Limited Liability Partnership (LLP) Online

    I set up an LP in Ontario a few years back, but as with BC, it had to be done in person. I assume this is the same in all provinces across Canada. In Ontario, you can at least download the forms and mail them in to the provincial office for LP registration if you are unable to do it in person...
  5. K

    Costs to set up a BV in the Nethelands

    Hello all - I along with 3 partners are looking to set up a holding company in the Netherlands (mainly because we are going to be buying another business in the NL and the intent is to set up a sort of hybrid SPV/Holding Company that will be used for future transactions, not just this one off...
  6. K

    Canadian LLP - good for privacy?

    LP and LLP are slightly different. LP's are available in most provinces, whereas LLP's are generally reserved for certain professions (i.e accounting, law etc.) However the province of BC allows other types of activities for LLP's and therefore can be formed for a large variety of activities...
  7. K

    What if I don't file the 5742 form for an inactive LLC?

    I was in a similar situation - I never did file the 5742. I just ended up closing my LLC, less than 1 year into its operation as I just never got around using it. There was no IRS follow up or anything. If your EIN was never used (i.e no bank's registering it etc.) then the IRS is not going...
  8. K

    SPV in Estonia

    A few years ago I had e-residency and an Estonian OU for a while. But I found that Estonian OU's/e-Residency based projects are more suitable for small businesses/e-businesses etc. I do not think Estonia is suitable to set up acqusition companies. If you need investors or other financing...
  9. K

    USA Company UBO Reporting Regime

    Just wondering if any body has any new updates on this? It certainly makes Wyoming or New Mexico etc. LLC's less attractive. I found this today: Will the Belgian authorities soon be informed of your US business presence ? - Taxpatria
  10. K

    Question Foreign Owned US LLC's taxed as a C-Corp: easier for Banking/Paypal/Merchant Processing?

    Thanks for this. I was under the impression that banks (or paypal, rather) often frown upon foreign owned pass-through LLC's but that they were more flexible with LLC's that are taxable as C-Corps (i.e. they feel less risk with this type of set up sort of thing).
  11. K

    Question Foreign Owned US LLC's taxed as a C-Corp: easier for Banking/Paypal/Merchant Processing?

    There's been some chatter on the difficulties in getting a paypal account for a foreign/non-US-resident single member LLC. I was wondering if any one has experience in registering their foreign owned LLC to be taxed as a C-Corp and if so has it been easier from a banking/paypal perspective? I...
  12. K

    German taxes based on nationality like USA

    I know in places like France, populist movements like that of Jean-Luc Melanchon also want to propose taxation based on citizenship. But whether its Germany, France or anywhere else in the EU, I am of the opinion that it would be near impossible to impose. EU Treaties would need to be...
  13. K

    Question Is it worth setting up off-shore company as French tax resident?

    I think the original intent of the SAS was to facilitate JV partnerships with foreign partners. But it's really evolved over the years where it's a very common company structure on its own. Again I don't have the expertise to advise on SAS vs SARL and the nuances but if you're comfortable with...
  14. K

    Question Is it worth setting up off-shore company as French tax resident?

    There was no real rationale behind it - I was just a former (minority) shareholder in an SAS that I exited a while back, hence the reference. That aside, I'd say the SAS is perhaps the closest the French have to the US LLC, where the SARL may be closer to say a UK Ltd. or something. I'm not...
  15. K

    Everything You Need To Know About Swiss Company Formation Procedures – Full Guide

    If you're an EU citizen, then I believe you'd qualify as a tax resident of Switzerland after 90 days. But then I think you need to spend most of your time in Switzerland afterwards and you can't just go in/out thinking if you pass 183 days, you qualify as a tax resident. Not 100% sure, but I...
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