Great video. Short and sweet. Biggest mistake I observe in the biz: opening LLC is a state with annual report requirements. Had a client operating an LLC in 2024 that the state “canceled” in 2016. 🤷🏽♂️
Thanks. But be careful even if you get a NM LLC, you need to pay your registered agent..if they withdraw for non payment you can also get the LLC shut down
Hi, James! It's so interesting that you've mentioned Kazakhstan. I'm actually from Kazakhstan. Our company provides BPO services. Best regards, Nurbol Kapakov Founder Mergen Capital Trust LLC
I’m wondering if now is a good time to start an LLC. I have a social media marketing business and I am resident of Hawaii. I am also a student and will be doing a study abroad in Germany from end of January to June. What are the pros and cons of starting one now before I leave? TYIA!!
Thank you so much! Question!! What if someone who is not a Citizen is opening up a LLC and has people to work who may or may not be Citizens. Can they still be on payroll and how to do so? What are the steps for the LLC owner to start up if he isn't a resident
Hi James, I have couple of doubts. I am UK resident at the moment. 1. Can I use create a LLC only to invest with a broker? 2. Could I use the LLC to work for US companies for digital/remote works? Thank you very much i love your channel!
I am considering opening an LLC for a couple of things. Selling some spare parts and consulting. However, I am planning on moving within a year time frame. Should I wait to open the LLC until I am settled, use one of the states you mentioned for out of country setups or just set it up and move it after I move? I currently live in NJ. We are not pinned down on where we are moving to, but somewhere like NC, SC, GA or TN at the moment.
A friend referred me to your page and said you would provide me with the right information so here it goes. I currently live in Ontario and I have some family in Florida. I'd like to invest in real estate down there (As a foreign investor) since the housing market is terrible in Canada. I'd basically like to buy places and have them rented out. So, I was told to start off by opening up an LLC. I've watched many of your other videos, but my first question is, should I still open an LLC if its only for being a foreign investor? and if yes (because of the liabilities and protection an LLC offers) What site should I use for someone who is living in Canada to open up the LLC?? How long does it take to set up? Please let me know, James! Thanks
What about tax paid on profit payouts to you as an owner and a non-us resident, do we have to pay tax to both the US and our home country in this case?
Hi James when can we start mailing our forms for tax year 2023?? Is there a particular date that we have to wait till the IRS starts accepting our tax forms?? Please respond. I want to file asap so I don't miss the deadline date of March 15
If you are a South African citizen providing freelance marketing services to a client in the U.S. while living and working in South Africa, and your business is registered in the U.S. with a U.S. tax number (such as an EIN) how this works in terms of tax
I am a foreign I only going to do online store to sell in USA is it good to file an llc in new mexico state? Do i have to pay any taxes? I am thinking of using inc authority as a service provider, when is the time for tax form filling? And will they do it for me? can you advise please about all the points?
NM is fine. But they have a General Sales tax that applies on adspend and other things. And the state is a little slower. But the tax stuff is all the same.
Hi how do I get my UA-cam username copyrighted it's my username on UA-cam I've had my UA-cam channel for a long long time and I'm also on Instagram, and other websites and social media sites too. I've always wanted my username to be mine forever and nobody else could use it. I do UA-cam videos as a hobby and never gotten any money from my videos.
solid info man. i keep my pen and pad ready when i get on the channel. really appreciate you so much
Best informative video I ever watch, thanks JB.
I trust this guy because he is bold.
I think you mean bald.
Sic burn
Both.
U meant bald right?😂
Question- how to file and comply with Fincin?
I wish I knew that before. Very informative
Please can you make a video about the benefits of LLC to make E2 form.
Thank you for your amazing videos ❤
Great video like always! Very informative!
Great video. Short and sweet. Biggest mistake I observe in the biz: opening LLC is a state with annual report requirements. Had a client operating an LLC in 2024 that the state “canceled” in 2016. 🤷🏽♂️
Thanks. But be careful even if you get a NM LLC, you need to pay your registered agent..if they withdraw for non payment you can also get the LLC shut down
Hi, James!
It's so interesting that you've mentioned Kazakhstan.
I'm actually from Kazakhstan.
Our company provides BPO services.
Best regards,
Nurbol Kapakov
Founder
Mergen Capital Trust LLC
Good stuff, amigo!
Yea but with registered agent adress and virtual office address you cant get SAM.GOV unique ID. you need physical address
Great video and tips for non-residents looking to form a U.S. LLC and taxation issues.
I’m wondering if now is a good time to start an LLC. I have a social media marketing business and I am resident of Hawaii. I am also a student and will be doing a study abroad in Germany from end of January to June. What are the pros and cons of starting one now before I leave? TYIA!!
Thank you so much! Question!! What if someone who is not a Citizen is opening up a LLC and has people to work who may or may not be Citizens. Can they still be on payroll and how to do so? What are the steps for the LLC owner to start up if he isn't a resident
We are considering llc for drop shipping in USA market
Thank You!
Hi James, I have couple of doubts. I am UK resident at the moment.
1. Can I use create a LLC only to invest with a broker?
2. Could I use the LLC to work for US companies for digital/remote works?
Thank you very much i love your channel!
As non American with us LLC, can you request green card and move to US?
Love your channel! Thank you for all this great information 🤙
I am considering opening an LLC for a couple of things. Selling some spare parts and consulting. However, I am planning on moving within a year time frame. Should I wait to open the LLC until I am settled, use one of the states you mentioned for out of country setups or just set it up and move it after I move? I currently live in NJ. We are not pinned down on where we are moving to, but somewhere like NC, SC, GA or TN at the moment.
A friend referred me to your page and said you would provide me with the right information so here it goes. I currently live in Ontario and I have some family in Florida. I'd like to invest in real estate down there (As a foreign investor) since the housing market is terrible in Canada. I'd basically like to buy places and have them rented out. So, I was told to start off by opening up an LLC. I've watched many of your other videos, but my first question is, should I still open an LLC if its only for being a foreign investor? and if yes (because of the liabilities and protection an LLC offers) What site should I use for someone who is living in Canada to open up the LLC?? How long does it take to set up? Please let me know, James! Thanks
Do Foreign partners need a Partner's SSN or TIN for the Schedule K-1
Elizabeth Stewart Gardener just called she need to talk with you Lol
What about tax paid on profit payouts to you as an owner and a non-us resident, do we have to pay tax to both the US and our home country in this case?
5:50
Hi James when can we start mailing our forms for tax year 2023?? Is there a particular date that we have to wait till the IRS starts accepting our tax forms?? Please respond. I want to file asap so I don't miss the deadline date of March 15
Im Starting A new bussines as An Independent Contract, Im wonder if this LLC would apply for the type of bussines I need to open
Opening us LLC without being American?
Do every member file for a llc ein or u only have to file once with one company showing it’s more then one owner or co owner
Interested in starting a US based insurance agency as a non resident without ever being in the US. Is this possible?
Hey James do you have the name of an attorney in NY that you recommend for small business legal advice or r u licensed in NY?
If you are a South African citizen providing freelance marketing services to a client in the U.S. while living and working in South Africa, and your business is registered in the U.S. with a U.S. tax number (such as an EIN) how this works in terms of tax
No US taxes
I am a foreign I only going to do online store to sell in USA is it good to file an llc in new mexico state? Do i have to pay any taxes? I am thinking of using inc authority as a service provider, when is the time for tax form filling? And will they do it for me? can you advise please about all the points?
I read somewhere that certain types of LLCs are not required to disclose the owners such as those that are disregarded entities. True?
Different states have different rules for ownership disclosures, but all LLCs have to disclose to FINCEN with the new report.
Why you're not a fan of NM LLC?
NM is fine. But they have a General Sales tax that applies on adspend and other things. And the state is a little slower. But the tax stuff is all the same.
Is it possible for a Portuguese company to be a single member of a LLC? We have company tax of 21% in Portugal, but about 50% (in our rate) in IRS…
Hi Gilda! Follow the link in bio or find me at www.jamesbakercpa.com/ for a free consultation! 😁
How do we contact you ?
support@jamesbakercpa.com
I m foreigner; I have opened llc in October, what all forms do I need to submit this January?
Pro Forma Form 1120 with Form 5472, BOI report with FINCEN, State renewal. Good luck!
Hi how do I get my UA-cam username copyrighted it's my username on UA-cam I've had my UA-cam channel for a long long time and I'm also on Instagram, and other websites and social media sites too. I've always wanted my username to be mine forever and nobody else could use it. I do UA-cam videos as a hobby and never gotten any money from my videos.