expert advice for company with particular issues

[rallotubbs]

Hey there,
Now i am trying to create software dev (mobile apps) company with my Colombian partner, i am Spaniard.

First particular issue we are looking privacy. I read a lot about US LLC (new mexico) with operating agreement and looking to use relayfi.com as bank (guess is better than Mercury and wise)
Second issue I dont want to have a salary or withdraw money with a bank card since I want to have the funds in the company's bank account. My partner can get funds by billing his services to the company. And yes, distribute company dividends. Do you suggest open another company type in US?
I have heard of having a manager hired as head of the company for greater security and save against Spanish tax agency (the alien)

On the other hand,
I am analyzing the viability of a fantasy-style game app where users earn fiat money (I have not yet gotten to crypto). This could be a problem in Europe.
Do you recommend that we create this game with a US company or, on the contrary, do you recommend an offshore company?
How would the payment be managed in the Play Store and Apple Store?
And the refunds to the winners' credit cards?

Sorry too much questions to solve
See ya!

 

[daniels27]

rallotubbs said:
First particular issue we are looking privacy. I read a lot about US LLC (new mexico) with operating agreement and looking to use relayfi.com as bank (guess is better than Mercury and wise)
Click to expand...

Yes, US LLC in NM or WY are generally good for that.

rallotubbs said:
Second issue I dont want to have a salary or withdraw money with a bank card since I want to have the funds in the company's bank account. My partner can get funds by billing his services to the company. And yes, distribute company dividends. Do you suggest open another company type in US?
Click to expand...

You may be better off with a transparent LLC for the US side.

rallotubbs said:
I have heard of having a manager hired as head of the company for greater security and save against Spanish tax agency (the alien)
Click to expand...

Yes, you better have the Columbian guy as director while you are just an investor.

rallotubbs said:
I am analyzing the viability of a fantasy-style game app where users earn fiat money (I have not yet gotten to crypto). This could be a problem in Europe.
Do you recommend that we create this game with a US company or, on the contrary, do you recommend an offshore company?
How would the payment be managed in the Play Store and Apple Store?
And the refunds to the winners' credit cards?
Click to expand...

Is it a casino? You may better collect the funds without Google or Apple taking their hefty share. Of course, it will be almost legal as a casino. Maybe better get the money out before your company bank accounts get blocked.

If it is high risk, you can as well move offshore as banking and credit card processing will be expensive in any case.

Just make sure that from your side you are 100% clean with Spain tax wise.

 

[rallotubbs]

Thanks for reply @daniels27

LLC is on the way.

Nop, no a casino, is a skill game (fantasy sports) ... Chatgpt 4o is amazing on that sense. And Malta is best place to create that new company.

So I am looking for investors to join. Do you know ppl who wanna invest 50k Eur?

 

[daniels27]

rallotubbs said:
Thanks for reply @daniels27

LLC is on the way.

Nop, no a casino, is a skill game (fantasy sports) ... Chatgpt 4o is amazing on that sense. And Malta is best place to create that new company.
Click to expand...

But do people also pay to play?

rallotubbs said:
So I am looking for investors to join. Do you know ppl who wanna invest 50k Eur?
Click to expand...

Many here. Do you have more details what the money is used for and how/when the company would get a positive cash flow?

 

[rallotubbs]

daniels27 said:
But do people also pay to play?

Many here. Do you have more details what the money is used for and how/when the company would get a positive cash flow?
Click to expand...

The game has prizes in fiat (Euro in UE / Pounds in UK)

I am finishing case study with cash flow and financial planning. Will attach link once got

 

[dirtyharry]

rallotubbs said:
Do you recommend that we create this game with a US company or, on the contrary, do you recommend an offshore company?
Click to expand...

For shady or gray area business I would personally go for a US LLC i.e. Wyoming, Delaware or New Mexico LLC at any time. You have all the option the EU company has as well that if it does not work you can easily get rid of it almost risk free.

 

[fighthorse]

dirtyharry said:
For shady or gray area business I would personally go for a US LLC i.e. Wyoming, Delaware or New Mexico LLC at any time. You have all the option the EU company has as well that if it does not work you can easily get rid of it almost risk free.
Click to expand...

You should listen to this post; it's the only right thing to do if you want to avoid trouble later on.

 

[uplana]

rallotubbs said:
Thanks for reply @daniels27

LLC is on the way.

Nop, no a casino, is a skill game (fantasy sports) ... Chatgpt 4o is amazing on that sense. And Malta is best place to create that new company.

So I am looking for investors to join. Do you know ppl who wanna invest 50k Eur?
Click to expand...

have you made any prospect or something that show the entire business plan, ROI and plans wit the venture?

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[Houdini]

uplana said:
have you made any prospect or something that show the entire business plan, ROI and plans wit the venture?
Click to expand...

very good question +1

 

[uplana]

So much to invest in a company! I'm out you are not serious at all!

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[diro]

uplana said:
So much to invest in a company! I'm out you are not serious at all!
Click to expand...

why not just ignore the thread and guy... you are right but better just ignoring him

 

[cyprusbanker]

rallotubbs said:
Nop, no a casino, is a skill game (fantasy sports) ... Chatgpt 4o is amazing on that sense. And Malta is best place to create that new company.
Click to expand...

how do you use chatgpt for this ?