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Hi! I am sole owner of a Wyoming LLC that sells digital non-tangible goods (website memberships that stream video content via amazon s3). As the thread title states, I am not a US person, have no offices or warehouses there and have never even visited the US. Should I charge US-based customers...

It's a small e-commerce company. It would cost the agent a lot of money to start a lawsuit in Hong Kong I imagine? I'm not based in Hong Kong, nor do I have any plans to visit there or Seychelles, so I'm not really sure how they could pursue me? And over a company with revenue mostly below 5...

I have a Seychelles IBC that I formed in Hong Kong through an agent back in 2015. It has a Hong Kong Paypal account in very good standing, but the only bank account I was able to get for it was Wise (and Neat, but that account has since expired, though Paypal still sees the Neat bank account I...

Then it's decided, standard is best. Doesn't make much difference either way though. Thanks one and all for the help

Yes, I'll be the only member of the LLC. I guess it would make sense to go with the standard one, just so it's easily recognisable to the likes of Stripe, banks etc?

Here is what they gave as their reasoning: Our attorneys advise that you form close LLC. The Close LLC is a particular type of LLC in Wyoming, and we recommend it to everyone. Close LLCs are not required to hold an annual meeting, and though that benefits everyone, it is especially helpful for...

So from a selling the LLC one day point of view, it's better to set up the regular LLC rather than the “close” LLC. The agent is adamant that “close” LLC is better though, and that's the thing that's making it difficult to decide. Which would you pick?

Thanks. So with a Close LLC, let's say one day I want to sell the company. Would selling it be more difficult due to the restrictions on change of ownership?

I ran a search for this topic and couldn't find any threads, so I guess it's worth it's own thread. Wyoming offers 2 types of LLC - the standard type that other States offer, plus this other type: a "Close LLC". Wyoming is the only State that offers this other type of LLC. The agent I'll use...

Should be $200

Thank you for your help. I am just now setting up my Wyoming LLC. However the agent is offering me the chance to set up an "LLC" or a "Close LLC". Both are same price. Agent claims on their website: "If you are the only owner, or this is a family business, then we generally recommend a Close...

I'm going to form a US LLC to run my business through. Currently the business is being run through my Seychelles IBC that I plan to shut down and replace with the US LLC. The Seychelles IBC currently owns the ecom website and domain that generates my business's income (though actually there's no...

Thank you!! ----- Alright, I am settled on a solution. Wyoming LLC formed via wyomingllcattorney.com - they are a little more expensive than some of the other agents, but their email support is better and reviews are better, so I guess you get what you pay for. Bank account with Mercury...

Doing just that right now but the monthly bill is in a foreign language and doesn't even say my name lol. This is easily fixed though I've spent plenty of time in Thailand in recent years. Getting tax residence in Thailand however is much easier said than done unless you want to pay a boat load...

The tax (or no tax) situation when you sell to US based customers, even without any US citizenship and without physical presence in the US, really isn't clear cut! From the IRS website: Effectively Connected Income (ECI) | Internal Revenue Service If you own and operate a business in the...

Alright thank you and I think forming a Wyoming LLC is going to be the answer. wyomingllcattorney.com has excellent reviews and have been very responsive to me by email. It's $200 to form and for first year of registered agent service, and a bit less than that for renewal each year. They told...

Wow that is good to know. Thank you. How does paying myself from the LLC work? Does it need to be a regular, predictably timed salary amount? Or can I just send $ from the LLC's bank account to a personal account of mine whenever I feel like it and in any amount that the company can afford from...

I think the key thing is with these things, currently at least, NON-US people who don't have citizenship in the US and don't spend any time there, but DO sell to customers in the US via a US LLC....there's plenty of people like that....those people are not exactly opening accounts on forums like...

My parents address in the UK where I grew up. I'm long since established as non resident non domicile in the UK with HMRC, so I've never seen it being an issue to use that address. If you know of a reason it is an issue though, of course I'd be interested to know.

But it would just be an opinion and I'd still be wondering, “will the IRS come looking for a boat load of $ from me one day?” So it's starting to sound like steering clear of setting up in the US may be better. Perhaps Hong Kong with the higher cost and more BS, is still better long term. So...