Pros and Cons of US LLC vs UK LLP?

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euinchina

New member
Two cons I can think of for US LLC are:
- potential tax implications involving notorious IRS
- Litigious culture. If someone were to file a lawsuit against your LLC, then it'll be cumbersome

Anyone wanna chip in?
 

JackAlabama

Entrepreneur
Two cons I can think of for US LLC are:
- potential tax implications involving notorious IRS
- Litigious culture. If someone were to file a lawsuit against your LLC, then it'll be cumbersome

Anyone wanna chip in?
The tax implications are quite clear when you are a disregarded entity.
However, this can change but then you can shut down operation with this.

Pro: Better banking access than UK
 

clemens

Corporate Services
Mentor Group Gold
I totally agree, a US LLC is at the moment one of the best entities when it comes to protect your business against liabilities. There are banking options available too which were the major problem not long time ago.
 
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