Mentor Group Gold
That would say that only if you are a non US resident the entire setup make sense in New Mexico and other states like Wyoming, is that how we have to understand all of this?
Could we dive a little deeper into it please?I have however a few NM LLC for some operating entities that don't have asset.
The main purpose of my WY LLC is asset protection and estate planning.
You could, but if you need multiple LLC, then go directly with a WY series LLC. You pay one price but have as many child LLC as you want under the parent LLC.Could we dive a little deeper into it please?
If I understand you right it would make good sense to setup a Wyoming LLC let's name it a holding company and below the umbrella setup New Mexico LLC's - in that way we would have anonymity and a good way of asset protection or is there something I'm not aware of please?
can someone explain this please? I thought it was not taxed and you avoid any reporting but that looks like it is not the case.What would be the tax burden of New Mexico LLC if you're non-resident, non-American foreigner living in overseas?
Income would be generated from an American company in another state.