Watch This Before Opening Your LLC in 2024

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  • Опубліковано 4 тра 2024
  • How many videos of James have you watched today?
    Do you want to skip the line and get the answers to your questions right away?
    Do you want to learn exactly how you can have a Tax Free US Company and bank account without traveling to the US?
    Do you want to grow your business and pay no taxes without spending hours and hours learning how everything works on youtube?
    You can schedule a FREE discovery call with our team with the link below.
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    Or get your questions answered right away on a call with James. Schedule with the link below to receive clarity on your tax situation and stop spinning wheels.
    www.calendly.com/jamesbakercp...
    Would you like to learn our 3 step strategy for owning and operating a US Company? Do you want to grow your business and pay no taxes without spending hours and hours learning how everything works on youtube?
    You can schedule a FREE discovery call with our team with the link below.
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    Check out James’ top 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 multi member LLC (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 an ITIN Number for...
    -----And don’t forget to check out all of the “CALLS WITH JIM”
    • Calls with Jim
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    Do you want to learn how to open and operate a Tax Free Company in the USA even if you live outside the US and don’t have a visa.
    Click here - www.jamesbakercpa.com/offers/...
    Already have an LLC? Did you already complete form 5472 for your company? Did you know there is a $25,000 penalty for not doing this form? I’ve made a short training that explains exactly what you need to do and why so you can get this done quickly and correctly, the first time around.
    Click here - www.jamesbakercpa.com/offers/...
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    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 - • How to File Your Flori...
    I get asked what company I recommend to help with sales taxes and every time I mention Tax Jar. Once set up, tax jar can complete all of your monthly sales tax filings automatically. If you are looking to solve this problem forever, click this link to find out more about what they can do for you. taxjar.grsm.io/jamesbaker7628
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    Lawyer Disclaimer (Occupational Hazard): This is not legal advice. Everything here is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney for advice regarding any particular issue or problem.

КОМЕНТАРІ • 19

  •  День тому

    Thanks James and the Visa type video makes sense too, along with these tips

  • @Luckibebstores
    @Luckibebstores 23 дні тому +1

    Please make a video on how to apply for brand name registration for non USA resident

  • @sammmmmyyyyy
    @sammmmmyyyyy 28 днів тому +1

    If I want to open a physical bank account in US, as non-US, and have residential and business address proof from California. Would California LLC be the best option?

  • @Pocket-eg3jo
    @Pocket-eg3jo 6 днів тому

    Hey James I have a question about BOI. In order to file BOI, you need have an EIN. However, as a foreigner it takes about 90 days to obtain one. The problem is after 2024 you only have 90 days to file BOI. What should I do ? Help!!

  • @konya7136
    @konya7136 28 днів тому

    If I open an LLC for dropshipping as a non resident, what what i need to do for accounting ?
    Do you have a tutorial about that ?

  • @AbdelazezSaed
    @AbdelazezSaed 27 днів тому

    first of all thanks for your effort and information. i have hard situation i wish you can help me to know what to do. i already have multimember LLC in wyoming , but i live and have warehouse in Texas so i already made resale certificate in Wyoming , should i have Resale certificate in Texas too ? my main business is online selling on amazon and ebay . and does that need to have Texas sales tax permit ?

  • @ag..hk..bs._ha--azul-
    @ag..hk..bs._ha--azul- 19 днів тому

    REAL HARD QUESTION 😂😂
    if I GET start an LLC founding, can I write a legal agreement which included 3 different languages ? (As we think that delaware) , and after this, I can found an business outside of the USA with easy way..
    All ı thought s right?

  • @proyecto.jenesis
    @proyecto.jenesis 28 днів тому

    I've heard you saying in another videos that opening an LLC in New Mexico is a good idea, but me personally I go every year to colorado to visit some family, would it be better to open it there then? Would it cost me more? FYI im non-citizen of the us

  • @utube7917
    @utube7917 29 днів тому +1

    What about using my lawyer / resident agents address with a mail forwarding service?

    • @JamesBakerCPA
      @JamesBakerCPA  28 днів тому

      If they are busy like me then the address won't work for s proof of address

  • @Thebboyy
    @Thebboyy 29 днів тому

    I opened an llc in wyoming , can i use my cousins residual address in texas to open a bank account as a non us resident ?

    • @abdullahmustafawi3165
      @abdullahmustafawi3165 29 днів тому

      Open an online bank account

    • @Thebboyy
      @Thebboyy 29 днів тому

      @@abdullahmustafawi3165 i’ve been told that i can open a business checking account at amex because i got a us address

    • @JamesBakerCPA
      @JamesBakerCPA  28 днів тому +3

      Yes yes get residential proof of address I'm going to do that coming soon

  • @flowtubepro
    @flowtubepro 29 днів тому +2

    I am getting more confused with every new video 😢

    • @utube7917
      @utube7917 29 днів тому +1

      Basically setting up a business is simple. However, down the road, things could happen, like being sued. You wouldn't want to lose your business in a lawsuit. So what he is explaining, is some reasons why certain states are better as a strategy to protect yourself from those future possibilities. But some people are not concerned about lawsuits, because they are just investing and have a lower liability profile in their day to day activities. As for you, just figure out what your intended future is, with business and otherwise. Some people have a higher risk of being sued, like doctors, police officers, etc and therefore want to use the best state possible for privacy and lawsuit protection for their side business. Every limited liability entity and corporation has some protection, but there are some states that offer better protection. I think it's always better to have more protection, but he is explaining that you could have challenges opening bank accounts when you don't have a physical address for your business in that state where you are actively doing business (example: setting up LLC formation in Wyoming, but doing business in Ohio).

    • @JamesBakerCPA
      @JamesBakerCPA  28 днів тому

      Can always reach out and work with us directly

    • @sammmmmyyyyy
      @sammmmmyyyyy 28 днів тому

      It’s only going to get harder and confusing with coming time