What are the benefits of owning and operating a US LLC if all of your income is personal? (Investments)

[OCT2023]

What are the benefits of owning and operating a US LLC if all of your income is personal?

Primarily Investments: Forex, Futures, Digital Binaries, etc.

 

[Shories]

Mainly you can write off more expenses and you can distribute only necessary profits (i.e., if you have $100k, you can send $40k to yourself and pay only personal income on the $40k).

 

[uplana]

Don't it depends on where you live. Usually in Europe at least you will be taxed from any income in this company unless you can show substance which gets more difficult to do every day.

Toggle signature
Find help to the ultimate anonymous setup on OffshoreCorpTalk - Tried, Tested & Works
Need help to get things done, ping me inside the Mentor Group Gold forums.

 

[OCT2023]

Shories said:
Mainly you can write off more expenses and you can distribute only necessary profits (i.e., if you have $100k, you can send $40k to yourself and pay only personal income on the $40k).
Click to expand...

So, you can accumulate wealth inside of the LLC until such time as for instance: you can declare Tax Residency in a Territorial Tax country.

Do you have the option of not paying yourself personal income? Or is it best to always pay something?

 

[Shories]

OCT2023 said:
So, you can accumulate wealth inside of the LLC until such time as for instance: you can declare Tax Residency in a Territorial Tax country.

Do you have the option of not paying yourself personal income? Or is it best to always pay something?
Click to expand...

There is a certain period when you can hold the funds, but at some point you need to distribute them, i.e., invest or pay dividends.

 

[OCT2023]

Shories said:
There is a certain period when you can hold the funds, but at some point you need to distribute them, i.e., invest or pay dividends.
Click to expand...

Like keeping the funds in a brokerage account tied to the US LLC?

 

[Shories]

OCT2023 said:
Like keeping the funds in a brokerage account tied to the US LLC?
Click to expand...

Depends on the state the company is incorporated. Yes you can hold them in a brokerage account, but you need to have them invested, not just USD sitting there. So you need to have unrealized gains sitting in your brokerage account

 

[OCT2023]

Shories said:
Depends on the state the company is incorporated. Yes you can hold them in a brokerage account, but you need to have them invested, not just USD sitting there. So you need to have unrealized gains sitting in your brokerage account
Click to expand...

ahh yes, was thinking Wyoming, or Delaware