If a 1-member US LLC belonging completely to a non-resident/non-citizen hires a US person (from the IRS standpoint) to be the managing manager for the sole purpose of opening an account for the company in a US bank, and that person does not get any salary from the LLC, does this make the company ETBUS?
US business bank account
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You would need to get legal advice on this for a qualified tax attorney.
A bank would open the account in the company's name with the managing member as the sole authorised user. So how would you use those banking facilities? You would need to be using his login details and his card number, which would basically be fraud as︀ you're not authorised by the bank to carry out transactions on behalf of the company.︁
The other issue is that you would need an operating agreement that gives the manager︂ full control over the company. If the IRS ever saw this, I think it would︃ create issues in terms of establishing whether you are ETBUS.
A bank would open the account in the company's name with the managing member as the sole authorised user. So how would you use those banking facilities? You would need to be using his login details and his card number, which would basically be fraud as︀ you're not authorised by the bank to carry out transactions on behalf of the company.︁
The other issue is that you would need an operating agreement that gives the manager︂ full control over the company. If the IRS ever saw this, I think it would︃ create issues in terms of establishing whether you are ETBUS.
Thank you, KraftyAndy. You also mentioned that:
If a LLC was registered at the end of Jan, 2018 and does not even have a bank account (but an EIN has been issued for it though), is it︀ required to file those forms anyway? If so, what is the due date?
Thank you.︁
If a LLC was registered at the end of Jan, 2018 and does not even have a bank account (but an EIN has been issued for it though), is it︀ required to file those forms anyway? If so, what is the due date?
Thank you.︁
I have set up my LLC and got my bank account opened as a non US resident from delawarefile.com. They had the cheapest service I could find and they got it done in like 3 weeks. I would recommend checking them out.
Best regards.
Best regards.
That sounds Interesting. So I went to their youtube channel and after 5 seconds.....🙁. What part of America are they based in?
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