Forming a LLC to trade securities?

[FREE CITIZEN]

What would the advantages or disadvantages of utilizing a LLC (like say Wyoming or Nevis or both) to trade securities? Would it offer more privacy or asset protection or other benefits? Downsides?

As a NON American who can move abroad out of my high tax jurisdiction would it offer any other benefits?

Discussion?

 

[troubled soul]

Yes, forming an LLC in a low-tax jurisdiction could offer a number of benefits for a non-American who is looking to move abroad. For example, if you move to a jurisdiction with no capital gains tax, you could avoid paying US capital gains taxes on securities trades that are conducted through the LLC. Additionally, if you move to a jurisdiction with a more favorable tax regime for LLCs, you could save money on taxes.

However, it is important to note that there are also some risks associated with forming an LLC in a low-tax jurisdiction. For example, if the jurisdiction has weak corporate laws, you may be more likely to be personally liable for the debts of the LLC. Additionally, if the jurisdiction has a history of tax evasion, you could be targeted by the IRS.

 

[SimpleGuy]

That's fine, but know that your LLC is a transparent entity. It is deemed to be tax resident in the country of residence of its owner. So if in your country of residence you are taxed at 0% it is good.