US-LLCs for Digital & International Business
If you are a non-US based entrepreneur with a digital or international business... this is the website you have been looking for!
We are a law firm in Panama City with more than 20 years of experience guiding international clients in the correct positioning of global businesses and digital ventures. We have strategic alliances with law firms and accountants duly licensed in the United States to register your LLC adequately.
Why register an LLC in the USA for International and Digital Businesses?
North American LLCs are one of the best corporate vehicles for digital business entrepreneurs. The correct articles of incorporation, and the proper tax forms filed, will allow you to access a legal asset protection system and all the benefits related to a first-world jurisdiction, such as financial openness, reputation, banking, and commercial acceptance, and all this while maintaining a low tax rate.
Besides the "limited liability and asset protection in the name of an LLC," the following would be the 2 main reasons why you should consider registering it:
The United States remains one of the leading economies in the world. As a result, companies registered in its states enjoy a high level of global trust with banks, businesses, and financial institutions. In addition, your international customers will have no problem deducting invoices paid to a U.S. LLC.
An LLC registered by a "non-resident person" can earn "tax-free" profits from its international operations under the proper "advice of a qualified accounting firm" in the United States.
LLCs are "Flow-Through Entities" under U.S. tax laws and regulations. The tax liability of an LLC passes to the "member-owners of the LLC," who in turn may be individuals or corporations, non-residents, and non-taxpayers in the United States.
But even with this tax treatment for LLCs, you (under the right advice) must be careful that your digital business through an LLC is not considered to have an "economic or substantial presence" in the United States.
In other words:
Your LLC's business activities must have effects outside the United States.
For an LLC to be considered a "Flow-Through Entity," it cannot have "DEPENDENT AGENTS" such as employees or companies that provide services exclusively to the LLC (except "Administrative Services").
The LLC must not be doing business under the application of a "U.S. Tax Treaty" where it can be categorized as a "PERMANENT ESTABLISHMENT" with a formal "office" or "fixed place" of business within the United States.
If it does not meet these characteristics, an LLC created by an international "non-resident" obtains a "low tax rate," very convenient for managing international businesses, physical or digital (such as Affiliate Marketing, Monetized Platforms, Sale of Digital Products or Online Services, Copywriting, Dropshipping, among others).
Important: We recommend that, when creating an LLC, you consult with a "Suitable Accounting Firm" in the United States to properly comply with the corresponding tax rules, depending on the type of business or digital venture you wish to carry out.
Although it is convenient to consider creating an LLC as a "non-resident" international entrepreneur, you should never forget that a US LLC must file tax forms "annually" to properly comply with the tax rules: form 5472 and form 1120. To do so, take into consideration the following:
Have an EIN (Employer Identification Number) to file the forms.
File the forms before April 15 each year to avoid penalties.
Submit to your accountant "bank statements" of your LLC or "payment platforms statements" (Type: Paypal, Stripe, among others) for the correct filing of your annual return.
Important: Fulfilling the corresponding tax forms with a competent accountant advisor in North America is advisable to avoid fines.
In summary, registering an LLC in the United States is one of the best options for your international and digital business due to asset protection, management flexibility, minimum requirements, international banking access, favorable tax treatment, and global prestige.
Turnkey Solution for your LLC
Included in the LLC registration, in addition to all corporate documents, are the following:
Your U.S. EIN.
A "free initial tax consultation" with a qualified U.S. accounting firm.
Support in "opening an account" for your LLC.
LLC & BANKING
Banking for LLCs
Bank accounts for an LLC in North America
LLCs can open bank accounts in North America, but banks usually impose strict requirements and policies at the time of opening. Generally, corporate LLC accounts cannot be opened remotely. The LLC owner must have a personal interview with the bank officer in the United States.
Bank accounts for an LLC in Panama
With an LLC, you may also consider opening bank accounts in Panama, with similar due diligence requirements to U.S. banks. Panamanian banks also require the LLC owner to appear at the Panama bank branch to interview their account officer.
Online Banking (Fintech) Accounts for LLCs
On the other hand, opening a Fintech account with an LLC is usually easier for a digital entrepreneur, with many online options. The owner of an LLC can open it by himself, more quickly than other types of entities, and open an account directly with a Virtual Bank or Fintech on platforms such as TransferWise, Payoneer, or similar.
Your global business goals are within reach! PGS Attorneys at Law can help you optimize your international business based on the reputation and acceptance of these legal forms with the USA's ultimate turnkey LLC formation solution.
If you need more information, please do not hesitate to contact us.
WEB SITE DISCLAIMER:
The information provided on this website is for informational purposes only and is not intended as a substitute for proper professional legal or accounting advice in the U.S., and is not a substitute for professional advice. If you have any questions about this website and its contents, you may contact PGS Attorneys. Our firm will guide you in consulting with the appropriate legal professionals and/or accounting firms duly recognized as U.S. Resident Agents to assist you.
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