Why Smart Canadians Are Starting U.S. LLC's

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  • Опубліковано 25 сер 2024
  • Find out why smart Canadians are starting U.S. LLC's to pay less tax in Canada. Discover how starting a U.S. LLC as a Canadian can benefit your finances!
    Do you want to grow your business and pay no taxes without spending hours and hours learning how everything works on UA-cam?
    You can schedule a FREE discovery call with our team using the link below.
    www.jamesbaker...
    We are hosting monthly "Ask Me Anything Sessions". And for a limited time, you can access them free of charge! If you want to expand your business and network and have access to our Telegram and Discord Server, join us here:
    lt.jamesbakerc...
    **********
    Check out JJames'stop recommended videos here. These are cornerstone videos that should answer many of your questions.
    -----Longer videos that explain it all!
    How to Legally Pay NO US Taxes - • IRS Secrets: How to LE...
    How to Legally Pay NO US Taxes (part 2) - • Are you a Non Resident...
    -----Guides and How tos
    Annual reporting for a foreign-owned multiculti-members (Masterguide) - • Tax Laws for Foreign-O...
    What is Form W-BEN, and why do I need it • How to Fill Out W-8BEN...
    Which payments from US Companies are subject to withholding? • Which US Payments are ...
    How to complete Form W-8BEN - • 🧾🔍 HOW TO complete Fo...
    How to complete Form W-8BEN-E - • How to Complete Form W...
    How to get an ITIN - • Get A ITIN Number - W-...
    -----And don't forget to check out all of the"" "ALLS WITH JI""" • Calls with Jim
    **********
    Looking for help with your SALES TAXES? Check out a couple of our videos on the topic -
    What are sales taxes? • Do I pay Sales Taxes o...
    What is a resale Certificate , and Why do you Need it - • What is a Resale Certi...
    How to get a Florida Resale Certificate, Part 1 - • 📝💼How to get FLORIDA R...
    How to get a Florida Resale Certificate, Part 2 - • Get Your Florida Resal...
    How to file a DR-15 Florida Sales and Use Tax with 0 Sales - • Florida Sales Tax Fili...
    I get asked what company I recommend to help with sales taxes, and every time I mention Tax Jar. Once set up, the axe the jar can automatically complete all of my monthly sales tax filings. If you want to solve this problem forever, click this link to learn more about what they can do for you. taxjar.grsm.io...
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    Lawyer Disclaimer (Occupational Hazard): This is not legal advice. Everything here is for informational purposes only and not to provide legal advice. You should contact your attorney for advice regarding any particular issue or problem.

КОМЕНТАРІ • 24

  • @radio_nowhere
    @radio_nowhere Місяць тому

    4:00 juicy part😮

  • @KoloKio-m6x
    @KoloKio-m6x Місяць тому +1

    What ishould to do to pay federal tax for llc for non resident us wy

  • @dtftoronto1402
    @dtftoronto1402 Місяць тому

    While watching this something came up, i like your idea send all the profit to canada, thats smart and from that it gives me an idea how to to avoid taxes in Canada
    Thank you

    • @MuhammadAbdullah-ws5po
      @MuhammadAbdullah-ws5po Місяць тому

      I didn’t understand what he mean by that and i am confused can you explain me what did he mean by that? Like depositing all the money from usa llc business in usa bank account and send all the money to Canadian bank account? How is that gonna help save taxes. Please if you understand explain that to me i am confused.

    • @JamesBakerCPA
      @JamesBakerCPA  Місяць тому

      I'm watching video again and think it's really good. But yes it's quite complicated lol. Glad you got some ideas from it!

  • @mandeep5704
    @mandeep5704 28 днів тому

    Please make a video specific to real estate. Both buy/hold and fix and flip. USA/Canada dual living in USA but facing tax residency obligations to CRA

    • @JamesBakerCPA
      @JamesBakerCPA  28 днів тому +1

      Yes ok I will. It's quite complicated but I'll map out something

    • @DynastyCannabis
      @DynastyCannabis 27 днів тому

      @@JamesBakerCPAlol I was thinking the same thing. Looking forward to the video.

  • @Cristiano_Ronaldo_78950
    @Cristiano_Ronaldo_78950 Місяць тому

    @James Baker CPA Sir please make a video on how to file Virginia sales tax permit online.

    • @JamesBakerCPA
      @JamesBakerCPA  Місяць тому +1

      Thanks for the comment. I'll see If my team can but that's probably not one I'll do. Never done that before.

  • @jaimeabello5208
    @jaimeabello5208 Місяць тому +1

    I don't undersstand the "send all your profits to your Canadian company"... You mean, all the money ,as a payment? How does it benefit me at the moment of filing taxes? Am i shooting myself on the foot by doing that?

    • @JamesBakerCPA
      @JamesBakerCPA  Місяць тому

      This is a strategy for managing the LLC as a Canadian citizen and taxpayer

  • @6811hsusus7
    @6811hsusus7 Місяць тому

    Mr James please make video about itin for non usa residents and general info asap . Your video on the channel was 5 years ago. And do you provide itin service for non resident for affordable price like $350 ?

    • @JamesBakerCPA
      @JamesBakerCPA  Місяць тому +1

      Video coming out next week about why you don't need an ITIN lol. We charge a lot more right now but working to get it down.

  • @nshs1234
    @nshs1234 Місяць тому

    What about opening a US LLC to operate a brokerage account? Based on what I have read Canada revenue agency wants to know how are you generating the income in US LLC. If the income is from stock market investment then that income of the LLC differently in canada.

    • @JamesBakerCPA
      @JamesBakerCPA  Місяць тому

      We can functionally do it. But I'm not sure of taxation in Canada

  • @EcomHustler
    @EcomHustler Місяць тому

    If I get WeWork rented desk as a Non-US resident with US LLC, does whole tax structure change? And which state you recommend I get desk in?

    • @JamesBakerCPA
      @JamesBakerCPA  Місяць тому

      This doesn't change anything. If you want to try this, go to a city you may actually visit. They have nice resources.

  • @kunalsachdeva9059
    @kunalsachdeva9059 Місяць тому

    @James Baker CPA Sir , if we withdraw cash from LLC bank account and pay to freelancer , is that allowed or not?
    if yes the limit for cash withdrawal?
    as a non-us resident LLC with US bank account.

    • @JamesBakerCPA
      @JamesBakerCPA  Місяць тому

      Yes but document it

    • @kunalsachdeva9059
      @kunalsachdeva9059 Місяць тому

      @@JamesBakerCPA Thank you, James. Your reply made my day.
      It's always a pleasure to receive a message from such a distinguished professional and CPA.
      Your insights and expertise are greatly appreciated.

  • @dtftoronto1402
    @dtftoronto1402 Місяць тому

    How much you charge for opening an LLC and EIN etc. also if you do my accounting in US side im planning to open a physical store in texas

    • @Cristiano_Ronaldo_78950
      @Cristiano_Ronaldo_78950 Місяць тому

      James Baker charge almost 2000$ Dollar of full service LLC included everything which your business support

    • @JamesBakerCPA
      @JamesBakerCPA  Місяць тому +1

      Yes you can see the packages and schedule a call but at www.jamesbakercpa.com/packages