Need some help and advice in creating a LLC in the US

[Cazorla]

It does not matter when you form the company in Serbia. The profit from the US LLC (taxed as a c-Corp) doesn’t have to be flushed immediately to the Serbian company - you can do it whenever you want before the end of the tax year. You can do it on a weekly , monthly or yearly basis. So you can form your Serbian company later.
You understood the process perfectly.

Thanks a lot!

 

[coq]

It’s time to update your software... it’s not like this anymore.

“Previously single-member LLCs with foreign owners were not required to file. However, starting 2017, all foreigners who own a US LLC must file a 5472 US tax return with the IRS for disclosure purposes even if they do not owe tax in the US”

Is that the case for an LLC that was just opened and had zero activity yet?

 

[EuroKiss]

Is that the case for an LLC that was just opened and had zero activity yet?

Yes even with 0 activity, form 5472 and 1040NR.

 

[coq]

Yes even with 0 activity, form 5472 and 1040NR.

My understanding was that the 1040NR was only if the non resident has has US sourced income, and that the 5472 + 1120 only if you have reportable transactions.

 

[EuroKiss]

My understanding was that the 1040NR was only if the non resident has has US sourced income, and that the 5472 + 1120 only if you have reportable transactions.

Not anymore...there is an excellent thread in the forum, search it or go to LLC university.

 

[JohnLocke]

You may use Google to search the forum for the threads @EuroKiss refers to, honestly I don't know which one he referring to.

site:offshorecorptalk.com delaware,wyoming

 

[exprtadvisrdev]

Not anymore...there is an excellent thread in the forum, search it or go to LLC university.

Wait, he mentioned two things: 1124+5472 and 1040NR.

Your answer is to the first option but not the second one right? because if you don't have US source income you still need to file the 1124+5472 but you are not required to do the 1040NR... Or the second one was updated too?

 

[EuroKiss]

You may use Google to search the forum for the threads @EuroKiss refers to, honestly I don't know which one he referring to.

site:offshorecorptalk.com delaware,wyoming

If I remember well, this one:

Wyoming, Delaware or New Mexico, please tell me what's your choice?

I want to know what your choice is and why you prefer one over the other. Personally I know Delware and Wyoming and figured out to suck all benefits out of these states in regards to tax reduction, company setup and banking. Wat is your opinion about these three tax havens ?

www.offshorecorptalk.com

But searching in Google as Admin suggests is better.