Transfer from one US LLC to another

[RobertNozick]

I'm UAE Resident and the 100% Owner of two (disregarded) US LLCs, both banking with Mercury. I need to transfer $80-100k monthly from one to another. Which is the simpliest way to do that without raising red flags and IRS inspection?

 

[Sols]

The IRS probably doesn't care. Both are transparent entities and if you control both and‌ have little to no US connection, there's no change in US tax burden.

As long‍ as you have a valid reason for it, which can be profits going to a⁠ parent company, invoice for services rendered, IP royalties, and whatever else makes sense in your⁤ case.

 

[RobertNozick]

Thank you for the prompt reply. The reason I⁣ need to do that is because I have multiple businesses associated to different US LLCs⁢ and I want that all the profits goes to the LLC that owns a brokerage︀ account where I can invest in stocks. So I'm not sure how I can justify︁ the transfers if the bank asks me some supporting documentation.

 

[uranio]

which broker do you use? Interactive?⁣

 

[RobertNozick]

Yes exactly, the best‌ one

 

[RobertNozick]

Guys what about taking a Owner's Draw through a Personal Account and following Contribution?

eg. LLC A --> (Owner's Draw) Personal Account --> (Contribution) LLC B

 

[Shories]

Works, as long as you do it properly to avoid scrutiny

 

[RobertNozick]

Any tips?