Recent content by sandy56

Oh, okay. That makes complete sense. I was unconsciously assuming that the transparent entity stuff is from the IRS's viewpoint only, but of course that's not the case. For some reason I didn't find any material that explicitly mentioned this when I was going through them. Back to the drawing...

Thanks for taking a look! Do you mean the tax I'll pay on the dividends/salary? If so, that's not an issue as my expenses are very low (~5% of my income). I'll draw a small salary or dividend and would not mind paying the little tax I have to. I plan on investing the rest of the money in the...

I'm a software dev looking into setting up a USA-based LLC, mostly for tax planning, and wanted to see if you guys could poke some holes into my structure because it looks a little too good to be true. Here's my understanding of such a setup. As of today, Place of Effective Management rules in...

@buxhzk I'm in the same boat as you - from India, 3 year old software business with all clients from US. I'm (unexpectedly) very close to crossing the limits for 44ADA this year, and have asked the clients to stop the payments while I figure out what to do. Since the last week week, I've been...