In today’s globalized economy, many non-US digital business owners are looking for ways to optimize their tax liabilities and take advantage of international opportunities.

One effective strategy that has gained popularity is establishing a Limited Liability Company (LLC) in the United States. This article will explore how non-US digital business owners can leverage LLC companies in the US to pay fewer taxes, providing valuable insights and strategies for maximizing tax benefits.

As non-US digital business owners expand their operations globally, it becomes crucial to explore avenues that can help minimize their tax burdens. Establishing an LLC in the US presents an opportunity to benefit from favorable tax regulations, limited liability protection, and access to a vast market.

By understanding the process and implementing effective strategies, non-US digital business owners can leverage LLC companies in the US to pay fewer taxes while ensuring compliance with local regulations.

Understanding LLCs and Their Benefits

Before delving into the specific advantages for non-US digital business owners, it’s important to grasp the concept of Limited Liability Companies (LLCs). An LLC is a flexible business entity that combines the benefits of a corporation and a partnership. LLCs provide limited liability protection, allowing owners to separate their personal assets from business liabilities. This free guide on offshore companies provided by Nomad Offshore Academy is a good place to start!

Advantages of Establishing an LLC in the US

3.1. Limited Liability Protection

One of the primary benefits of an LLC is the limited liability protection it offers. This means that the personal assets of the business owner(s) are protected in the event of legal issues, debts, or lawsuits faced by the company. By forming an LLC, non-US digital business owners can shield their personal wealth from potential risks associated with their business operations.

3.2. Pass-Through Taxation

LLCs are generally subject to pass-through taxation, meaning that the profits and losses of the company are “passed through” to the owners’ personal tax returns. This avoids double taxation, which occurs when income is taxed both at the corporate level and the individual level. For non-US digital business owners, pass-through taxation can be advantageous as they can offset business losses against personal income and potentially reduce their overall tax liability.

3.3. Tax Flexibility

LLCs offer tax flexibility, allowing business owners to choose how they want their companies to be taxed. By default, single-member LLCs are taxed as sole proprietorships, while multi-member LLCs are taxed as partnerships. However, non-US digital business owners can elect to be taxed as a corporation (C-corporation or S-corporation) if it provides better tax advantages in their specific situation. This flexibility allows for optimization of tax strategies based on the business’s financial goals and circumstances.

Establishing an LLC as a Non-US Digital Business Owner

To leverage the benefits of an LLC as a non-US digital business owner, several key steps need to be taken:

4.1. Choosing the Right State

The United States consists of different states, each with its own regulations and tax policies. Non-US digital business owners should carefully consider the advantages and disadvantages of each state before establishing their LLC. Factors to consider include taxation laws, business-friendly environments, infrastructure, and proximity to target markets.

4.2. Registered Agent Services

A registered agent is an individual or company responsible for receiving legal and tax documents on behalf of the LLC. Non-US digital business owners are required to have a registered agent in the state where their LLC is registered. Engaging the services of a professional registered agent ensures compliance with local regulations and provides a physical presence within the state.

4.3. Obtaining an Individual Taxpayer Identification Number (ITIN)

Non-US individuals who do not have a Social Security Number (SSN) need to obtain an Individual Taxpayer Identification Number (ITIN) to fulfill their US tax obligations. This unique identification number is necessary for filing tax returns, opening bank accounts, and conducting other financial transactions related to the LLC.

4.4. Complying with US Tax Obligations

As an LLC owner, non-US digital business owners must comply with US tax obligations, including filing annual tax returns, paying estimated taxes, and adhering to federal and state tax laws. Engaging a qualified tax professional is crucial to ensure compliance and optimize tax benefits.

Leveraging Tax Treaties

Tax treaties play a significant role in reducing double taxation and promoting cross-border trade. Non-US digital business owners can take advantage of tax treaties between their home country and the US to minimize their tax liabilities. These treaties typically provide provisions for avoiding or reducing taxes on certain types of income, such as royalties, dividends, and interest.

Utilizing Transfer Pricing Strategies

Transfer pricing refers to the pricing of goods, services, or intellectual property transferred between related entities within a multinational corporation. Non-US digital business owners can utilize transfer pricing strategies to allocate profits and expenses across different jurisdictions in a way that optimizes their overall tax position. Compliance with transfer pricing regulations and maintaining proper documentation is essential to avoid potential penalties and disputes with tax authorities.

Hiring a Qualified Tax Advisor

Navigating the complexities of international taxation requires expertise and up-to-date knowledge of changing regulations. Non-US digital business owners should consider engaging a qualified tax advisor with experience in international tax planning. A tax advisor can provide tailored strategies, ensure compliance, and assist in maximizing tax benefits based on the unique circumstances of the business owner.

Case Studies and Success Stories

To illustrate the benefits of leveraging LLC companies in the US, let’s explore a few real-life examples of non-US digital business owners who have successfully utilized this strategy to reduce their tax burdens. These case studies will provide practical insights and inspiration for other business owners looking to follow a similar path.

Conclusion

Establishing an LLC in the US can be a powerful tool for non-US digital business owners to pay fewer taxes and expand their operations. By taking advantage of the benefits offered by LLCs, such as limited liability protection, pass-through taxation, and tax flexibility, business owners can optimize their tax strategies while ensuring compliance with local regulations.

Additionally, leveraging tax treaties and implementing transfer pricing strategies can further enhance tax efficiency. It is essential for non-US digital business owners to seek professional guidance from qualified tax advisors and remain proactive in managing their tax obligations.

FAQs

1. Are LLCs only beneficial for US-based businesses? No, LLCs can be advantageous for non-US businesses as well. They provide limited liability protection, tax benefits, and access to the US market.

2. Can a non-US citizen be the sole owner of an LLC in the US? Yes, a non-US citizen can be the sole owner (known as a single-member LLC) or a part-owner (known as a multi-member LLC) of an LLC in the US.

3. How can I determine which state is the best to establish my LLC in? Consider factors such as taxation laws, business-friendly environments, infrastructure, and proximity to your target market when choosing a state to establish your LLC.

4. What is a registered agent, and why do I need one for my LLC? A registered agent is an individual or company responsible for receiving legal and tax documents on behalf of your LLC. They ensure compliance with local regulations and provide a physical presence within the state.

The head of the Russian space agency Roscosmos, Yuri Borissov, paid tribute on Tuesday to the American solidarity during the recent rise in temperature on board a ship docked to the International Space Station (ISS) after an accidental leak.

As part of the Russian agency’s response, the cause of the leak is being identified and a special commission should be established in order to determine whether the spacecraft can be used to return cosmonauts to Earth.

“Say hello to the entire American team, they behaved in a very dignified way in this situation and reached out to help us. But I hope we will solve this on our own,” he said during an exchange with the three cosmonauts on board – Sergei Prokopiev, Dmitry Petelin and Anna Kikina.

“You have set an example for the whole world”

“I hope that this small incident that occurred with the temperature control system (of the Soyuz MS-22 spacecraft) did not affect your morale and composure,” he continued, according to a transcript of the exchange published by Roscosmos. “You have set an example to the world on how to work under the most trying and difficult conditions. I hope that many politicians will learn from this,” added Yuri Borissov.

During the preparation for the spacewalk that was eventually cancelled, Russian cosmonauts Sergei Prokopiev and Dmitry Petelin discovered a leak on the Soyuz MS-22. The source of the leak was identified as coming from the cooling system of the Soyuz, and the liquid was an a priori coolant.

There are still a number of fields in which Moscow and Washington are cooperating

On Monday, Roscosmos said that the temperature had “stabilized” around 30 degrees Celsius in the Russian capsule. The agency added that the cause of the leak was being identified and that a special commission should determine whether the spacecraft can be used to return the cosmonauts to Earth. If the capsule cannot be used, the head of Roscosmos mentioned the possibility that another spacecraft, the Soyuz MS-23, will go to the ISS on “autopilot” to recover the Russian crew.

“And the Soyuz-22 will also return (to Earth) on automatic pilot,” said Yuri Borissov, during an interview on the Russian television channel Rossia-24. The ISS is one of the few fields of cooperation still in progress between Moscow and Washington since the beginning of the Russian offensive in Ukraine, launched on February 24, and the Western sanctions that followed.

Until a few years ago, BlackBerry was considered one of the great dominators of the smartphone market. In addition to its well-known hardware, the Canadian brand also had a complete ecosystem, with excellent services for users. This whole empire collapsed in a few years, with the disappearance of BlackBerry from the market. Now, to put an end to its existence, it has sold one of its best assets. We are talking about patents associated with the mobile world.

More than just an excellent line of smartphones, BlackBerry has always invested heavily in new technologies. It has pioneered many innovations in the smartphone market, from hardware to software and the services it offered. Of course, it has always protected its intellectual property and its range of patents is wide, controlling much of what its competitors used. All these assets will now leave the hands of the Canadian company and pass to Catapult IP Innovations Inc.

The best patents will be sold

The sale is complete and will bring in a lot of money for BlackBerry. In total, $600 million will be paid, but not all at once. An initial amount of 4500 million will be advanced, leaving 150 million to be paid after 3 years.

Catapult IP Innovations Inc is actually a new company that was created with the purpose of buying BlackBerry’s patents. This is a clear move to initiate a large control and it will bring work to the courts, with processes for those who use these technologies.

They were the best assets of the mobile market

It will be a company that will only have these patents as assets, having no source of profit. Thus, the most certain thing is that you will have to put patents as a means of capitalization and for this you will have to license the technology or demand payments from whoever uses it.

With this sale, BlackBerry closes its participation in the mobile market once and for all, after all the success. The brand will also get rid of patents such as its physical keyboard, the messaging service and many others. According to what they revealed, this will have no impact on current users.

DJI’s next high-end drone hints at its features, and it’s promising. Many rumours and leaks have recently surfaced on the web and we are about to know more on DJI’s flagship product!

Mavic Mini 2, Air 2S, FPV… Three drone models released in the last year, and yet DJI still hasn’t decided to offer a successor to its flagship product, the Mavic Pro. However, this one is getting ready to welcome a successor, the DJI Mavic 3 Pro. The device has just delivered a good part of its secrets thanks to a few leaks from reputable sources.

A release postponed because of the pandemic

But where is the Mavic 3 Pro? Expected by some for the second half of 2021, it seems that the next high-end drone from DJI will only take off at the beginning of next year. Here’s a quick update on the various rumours surrounding the upcoming DJI Mavic 3 Pro.

According to information gleaned by DroneDJ, this new drone could be launched very soon, probably early next year. It would be declined in two models; a Standard version and a Cine version, which should be sold for $1,599 and $2,500 respectively. The first sketches have been published on Twitter.

This new camera drone could have two cameras, not just one. We can expect several focal lengths, one of 24 mm (f/2.8-11) and the other of 160 mm (f/4.4), which will bring variety to the shots captured by the drone. These two sensors would be able to shoot videos in 5.2K. The device would then be able to transfer these videos in HD up to 15 km away.

Several new features should be part of the game.

Among them, we note the Hyperlapse, the ActiveTrack, the QuickShot, the Panorama mode and the Advanced Pilot Assistance, but also a system to avoid obstacles. The Smart Controller has also been revised and will have both WiFi and 4G connectivity. This one would have a 1920 x 1080 pixels screen rather bright. Finally, there is talk about the weight of the device – 920 grams – and the autonomy, 46 minutes in flight. This would be a great performance compared to its predecessor, which lasted less than half an hour in flight.

Towards a launch in the first half of 2022

According to a source close to DJI, mentioned by the American media dronedj.com, the future drone should be finalized next October (both in terms of design and technical specifications). The preparation of the production lines would take about 2 months, to which should be added 2 more months for the production of the aircraft.

Not to mention that Chinese factories close for a whole week on the occasion of the Chinese New Year (which will fall on February 1, 2022). Add to that the shortage of components that currently affects many tech players, and the arrival of the DJI Mavic 3 Pro could happen (at the latest) around March 2022.

Moreover, we are curious to know what name this new drone will bear. For some time now, DJI has tended to remove the words “Mavic” and “Osmo” from the names of its drones and stabilizers. So it’s not impossible that it will be named “DJI Pro 3”, quite simply.

In the latest beta of macOS Monterey, we can see two new screen definitions that do not correspond to any existing Apple machine.

While the new iPhone 13 have just arrived at the first customers, Apple still has new surprises in store for us by the end of the year. These include the launch of new third-generation AirPods, but also a new batch of MacBook Pros with Apple Silicon chips.

Rumours are spreading on the web

According to the latest rumors, these machines could be unveiled at a new conference to be held in October. There would be two models, one with a 14-inch screen, and the other with a 16-inch slab. We would also benefit from a brand new chassis incorporating missing ports such as an SD card reader and a MagSafe.

Now these new MacBook Pros are back in the news, this time from a particularly reliable source: Apple. In the latest beta of macOS Monterey, the next version of the Mac operating system, the MacRumors site has spotted two new machines. Or rather, two new screen definitions for Apple computers.

There are references to “3,024 x 1,964 Retina” and “3,456 x 2,234 Retina” screens, which will certainly correspond to the future 14-inch and 16-inch MacBook Pros respectively. For comparison, the current 13-inch MacBook Pro has a resolution of 2,560 x 1,600 pixels and the 16-inch model has a 3,072 x 1,920 pixel display. So we can expect a slightly higher resolution, but that shouldn’t transform the visual experience compared to the current machines either.