Non-US Citizens Forming LLCs in Delaware - GoFuckYourself.com

davvve · 03-14-2003, 11:21 AM

Hi

I live in Sweden, Europe and I'm currently
offering webhosting services to (mostly) Americans. I'm interested in forming an LLC in Delaware but before I take any further action I'd like to have some stuff clarified. If anyone of you can answer any of these questions, I'd be very glad.

1. Do I have to pay the US federal tax? Or does my company has to have a non-US source income to qualify for this?
2. Do I have to pay any sales taxes?
3. Are there other taxes (I know of the franchise tax) that I will have to pay?

I appreciate your help.

Regards,
David

directfiesta · 03-14-2003, 12:12 PM

Quote:

Originally posted by davvve
Hi

I live in Sweden, Europe and I'm currently
offering webhosting services to (mostly) Americans. I'm interested in forming an LLC in Delaware but before I take any further action I'd like to have some stuff clarified. If anyone of you can answer any of these questions, I'd be very glad.

1. Do I have to pay the US federal tax? Or does my company has to have a non-US source income to qualify for this?
2. Do I have to pay any sales taxes?
3. Are there other taxes (I know of the franchise tax) that I will have to pay?

I appreciate your help.

Regards,
David

1> You will need a EIN number ( Employment Identification Number ). Taxes will be deducted at source ( Ibill, Epoch, CCbill, etc...)

2> Sales tax is under review NOW in the US. The Gov wants sales taxes to be added " in perspective of fair competition".... At this time, I do not think you need to charge taxes except in the State where your corp is located ( ie: Delaware)

3 > Registree fee ( 125.00 a year). Yearly corp fee: $ 50.00 in Delaware.

Need help with corp. Use these guys: Easy, online, honest and helpfull:

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BritishTwinks · 03-14-2003, 01:42 PM

Be careful. It's a lot more complicated than it seems at first.

jact · 03-14-2003, 01:48 PM

Quote:

Originally posted by CashAddict
Be careful. It's a lot more complicated than it seems at first.

Care to share any specifics?

rpet · 03-14-2003, 01:54 PM

Just incorporated in delaware myself cost me a grip:

250.00 Lawyer Fee

450.00 State filing fees, and for company to act as my representive in delaware.

750.00 - I dont know how these people are doing it for 200.00 and stuff unless they have a delaware address.. your company has to have a delaware address. Plus I rather have a real lawyer do it than some joe smoe who does it by filling out some forms on an easy incorporate program for windows.... I want someone who knows how to protect my ass if I get sued and sets up everything right.

One.
Rpet

jact · 03-14-2003, 02:10 PM

Quote:

Originally posted by rpet
Just incorporated in delaware myself cost me a grip:

250.00 Lawyer Fee

450.00 State filing fees, and for company to act as my representive in delaware.

750.00 - I dont know how these people are doing it for 200.00 and stuff unless they have a delaware address.. your company has to have a delaware address. Plus I rather have a real lawyer do it than some joe smoe who does it by filling out some forms on an easy incorporate program for windows.... I want someone who knows how to protect my ass if I get sued and sets up everything right.

One.
Rpet

I'd tend to agree with you on that one. Got the lawyers contact info handy?

DutchTeenCash · 03-14-2003, 02:18 PM

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davvve · 03-17-2003, 02:53 PM

Quote:

Originally posted by directfiesta

1> You will need a EIN number ( Employment Identification Number ). Taxes will be deducted at source ( Ibill, Epoch, CCbill, etc...)

Will the federal tax be deducted at source (i.e. the gross income of my company)?

How high is the federal tax?

davvve · 03-17-2003, 02:54 PM

Also, does anyone know of a good Delaware CPA/lawyer who can confirm all this information?

directfiesta · 03-17-2003, 06:35 PM

Quote:

Originally posted by davvve

Will the federal tax be deducted at source (i.e. the gross income of my company)?

How high is the federal tax?

Yes... dEpending on the State, 20 to 30% ...

For those saying it is expensive, use the guys in my previous above post. It is on line, so you will see exactly what it will cost you BEFORE putlling your credit card out ... and what services you will get.

then, you pay yearly fees, about $ 175.00 yearly

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Bobby Vicious · 03-17-2003, 08:03 PM

Yes... dEpending on the State, 20 to 30% ...

For those saying it is expensive, use the guys in my previous above post. It is on line, so you will see exactly what it will cost you BEFORE putlling your credit card out ... and what services you will get.

then, you pay yearly fees, about $ 175.00 yearly

Directfiesta do they act as a representive when you incorporate with them and at what additional costs ?

WendyB · 03-17-2003, 09:28 PM

I recommend your strongly considering NEVADA, to establish your US corporation. As a couple above mentioned, it is not as simple as it seems.

What is your primary objective?

I will make the assumption, you are looking to either:
A. Shield yourself from personal liability.
B. Establish a legitimate and verifiable US business presence.
C. Form a US business which would qualify you (Significant Investment) for a immigrant BUSINESS INVESTOR VISA .
D. Ability to qualify for CC processing, as a US based company.

Delaware is a good state to incorporate in, and yes, it has many positive perks.
Nevada does seem to take corporate friendliness one step further, by allowing corporations to use "contract officers" and corporations are under no legal obligation to reveal the corporation shareholders (actual owners) to the state.
As a foreign national, having "contract officers" who are US citizens can apply/sign off on your official registrations .

Hit me up on ICQ and I will provide you with the law firm in Nevada who has done/does this type of work for me.

directfiesta · 03-17-2003, 11:19 PM

Quote:

Originally posted by Bobby Vicious
Yes... dEpending on the State, 20 to 30% ...

For those saying it is expensive, use the guys in my previous above post. It is on line, so you will see exactly what it will cost you BEFORE putlling your credit card out ... and what services you will get.

then, you pay yearly fees, about $ 175.00 yearly

Directfiesta do they act as a representive when you incorporate with them and at what additional costs ?

You can go to the extent of having a private phone line answered in your company's name.

But really, why don't you read ON THEIR SITE what they offer ... Bretter than coming from me. I research and compared and used them because I tought they were the best FOR ME.

Maybe they are not for you.

I am not looking anymore at this thread.

GO on their site ....

Cogitator · 03-18-2003, 09:30 AM

I don't know about LLC's, but S-corporations have citizenship requirements. You might want to check up on that for the LLC. I have a Delaware S-corporation myself.

RyanExpress · 03-18-2003, 12:08 PM

All I know is Deleware and Nevada are the two best, easiest and least expensive ways to open companies...great tax breaks too!

Great thread...very usefull...good luck...keep on posting all!

rpet · 03-24-2003, 07:35 AM

Quote:

Originally posted by jact

I'd tend to agree with you on that one. Got the lawyers contact info handy?

I do, my lawyer accepts projects posted on www.freelancebunny.com , go there and post a project for incorporation.... you will get best prices from real qualified incorporation attorneys.

One.
Rpet

rpet · 03-24-2003, 07:36 AM

Quote:

Originally posted by davvve
Also, does anyone know of a good Delaware CPA/lawyer who can confirm all this information?

With you also, my lawyer accepts projects posted on www.freelancebunny.com , go there and post a project for incorporation.... you will get best prices from real qualified incorporation attorneys.

One.
Rpet

max.yambo · 03-24-2003, 09:30 AM

We can help you with the LLC in Delaware. It's gonna cost you $500. Hit me on the icq if you need more info.

Why do you need a US offshore company btw?

davvve · 03-24-2003, 09:58 AM

Quote:

Originally posted by WendyB
I recommend your strongly considering NEVADA, to establish your US corporation. As a couple above mentioned, it is not as simple as it seems.

What is your primary objective?

I will make the assumption, you are looking to either:
A. Shield yourself from personal liability.
B. Establish a legitimate and verifiable US business presence.
C. Form a US business which would qualify you (Significant Investment) for a immigrant BUSINESS INVESTOR VISA .
D. Ability to qualify for CC processing, as a US based company.

Delaware is a good state to incorporate in, and yes, it has many positive perks.
Nevada does seem to take corporate friendliness one step further, by allowing corporations to use "contract officers" and corporations are under no legal obligation to reveal the corporation shareholders (actual owners) to the state.
As a foreign national, having "contract officers" who are US citizens can apply/sign off on your official registrations .

Hit me up on ICQ and I will provide you with the law firm in Nevada who has done/does this type of work for me.

Hi

I'd say B and D are my primary objectives. But I'm still considering this as I've just spoken to the "swedish IRS" and according to them I'll be forced to pay "social fees/taxes" and income tax on top of the US federal tax. The swedish taxes are pretty steep, about 55% (!)... I'm still investigating.

/David

dnsmonster · 03-24-2003, 11:09 AM

I can assist with incorporating in Delaware and Nevada. I have a number of shelf corporations as well so you could be ready to roll in minutes. Hit me up on ICQ.

freeme · 03-24-2003, 11:33 AM

Dont Use yambo

they are currently being investigated by the IRS and any accounts set up by them may get caught up in any federal action

Giorgio_Xo · 03-24-2003, 01:10 PM

Quote:

Originally posted by davvve

[T]he "swedish IRS" and according to them I'll be forced to pay "social fees/taxes" and income tax on top of the US federal tax. The swedish taxes are pretty steep, about 55%...
/David

And people say Communism is dead. If you include the VAT, you pay 65%-70% on your income. The World Bank reported a few years back that over a third of the Swedish economy was underground. I can understand why. Even Sweden's greatest pornographer Private Media has moved.

I wish you good luck. Nevada and Delaware are your best choices for a US presense. I have owned both DE and NV corporations. Nevada wins out. But, DE is better for foreign nationals.

WendyB · 03-24-2003, 01:22 PM

Quote:

Originally posted by Giorgio_Xo

I have owned both DE and NV corporations. Nevada wins out. But, DE is better for foreign nationals.

On the surface I would tend to are with you, if the only concern were the initial formation. however when you factor in "the big picture" and Dave's stated needs, Nevada becomes a winner for some of the reasons previously stated.

davvve · 03-25-2003, 12:19 PM

Quote:

Originally posted by Giorgio_Xo

You woulld still be liable for the Federal foreign witholding tax (30%) or you would need to prove the charges of your Swedish company as a true expense to the IRS. You are required to turn a profit after a certain period of time or your company will be shut down.

I wonder if I'll have to pay income tax and social fees on top of the withholding tax...

TheJimmy · 03-25-2003, 12:33 PM

Quote:

Originally posted by WendyB
I recommend your strongly considering NEVADA, to establish your US corporation. As a couple above mentioned, it is not as simple as it seems.

What is your primary objective?

I will make the assumption, you are looking to either:
A. Shield yourself from personal liability.
B. Establish a legitimate and verifiable US business presence.
C. Form a US business which would qualify you (Significant Investment) for a immigrant BUSINESS INVESTOR VISA .
D. Ability to qualify for CC processing, as a US based company.

Delaware is a good state to incorporate in, and yes, it has many positive perks.
Nevada does seem to take corporate friendliness one step further, by allowing corporations to use "contract officers" and corporations are under no legal obligation to reveal the corporation shareholders (actual owners) to the state.
As a foreign national, having "contract officers" who are US citizens can apply/sign off on your official registrations .

Hit me up on ICQ and I will provide you with the law firm in Nevada who has done/does this type of work for me.

I'd have to agree, that that 'nominee / contract officer' setup is rather nice for "anyone" concerned about their privacy...

Although I have serious doubts about any privacy in the US anymore, regardless of state or statute...

Thus I'm looking into IBC this year...

However, if required to maintain a US presence then yes, my vote still goes for NV corps...with a contract officer setup...

If you want another quote from someone that handles this you can reach me on ICQ at 5702550 and I'll give you my dude's phone #.... Very nice guy and easy to talk to, and most importantly knows his shit.

picindex · 03-25-2003, 12:59 PM

Where can I get more info on this NV corporation set up with contract officers?

picindex · 03-25-2003, 09:05 PM

Quote:

Originally posted by picindex
Where can I get more info on this NV corporation set up with contract officers?

bump

anyone?

TheJimmy · 03-25-2003, 09:17 PM

picindex read my reply...I got an ICQ for ya in there....and a phone number upon request...

DaDee · 03-26-2003, 10:16 AM

Nevada does seem to take corporate friendliness one step further, by allowing corporations to use "contract officers" and corporations are under no legal obligation to reveal the corporation shareholders (actual owners) to the state.
As a foreign national, having "contract officers" who are US citizens can apply/sign off on your official registrations .

03-14-2003, 11:21 AM	#1
davvve Confirmed User Join Date: Mar 2002 Location: Europe / India Posts: 560	Non-US Citizens Forming LLCs in Delaware Hi I live in Sweden, Europe and I'm currently offering webhosting services to (mostly) Americans. I'm interested in forming an LLC in Delaware but before I take any further action I'd like to have some stuff clarified. If anyone of you can answer any of these questions, I'd be very glad. 1. Do I have to pay the US federal tax? Or does my company has to have a non-US source income to qualify for this? 2. Do I have to pay any sales taxes? 3. Are there other taxes (I know of the franchise tax) that I will have to pay? I appreciate your help. Regards, David __________________ Graphic Artist- $1400 \| Developer - $1400 Email/MSN: [email protected]

03-14-2003, 01:42 PM	#3
BritishTwinks Confirmed User Join Date: Feb 2003 Location: UK Posts: 357	Be careful. It's a lot more complicated than it seems at first. __________________ British Twinks - Earn 60% commissions promoting this original site Over 100,000 quality photos and videos • High conversions and retention Weekly payments via CCBill

03-14-2003, 01:54 PM	#5
rpet Confirmed User Join Date: Sep 2002 Location: New York Posts: 537	Just incorporated in delaware myself cost me a grip: 250.00 Lawyer Fee 450.00 State filing fees, and for company to act as my representive in delaware. 750.00 - I dont know how these people are doing it for 200.00 and stuff unless they have a delaware address.. your company has to have a delaware address. Plus I rather have a real lawyer do it than some joe smoe who does it by filling out some forms on an easy incorporate program for windows.... I want someone who knows how to protect my ass if I get sued and sets up everything right. One. Rpet __________________ sig too big

03-17-2003, 02:54 PM	#9
davvve Confirmed User Join Date: Mar 2002 Location: Europe / India Posts: 560	Also, does anyone know of a good Delaware CPA/lawyer who can confirm all this information? __________________ Graphic Artist- $1400 \| Developer - $1400 Email/MSN: [email protected]

03-17-2003, 09:28 PM	#12
WendyB Confirmed User Join Date: Oct 2002 Location: Woodinville Posts: 538	I recommend your strongly considering NEVADA, to establish your US corporation. As a couple above mentioned, it is not as simple as it seems. What is your primary objective? I will make the assumption, you are looking to either: A. Shield yourself from personal liability. B. Establish a legitimate and verifiable US business presence. C. Form a US business which would qualify you (Significant Investment) for a immigrant BUSINESS INVESTOR VISA . D. Ability to qualify for CC processing, as a US based company. Delaware is a good state to incorporate in, and yes, it has many positive perks. Nevada does seem to take corporate friendliness one step further, by allowing corporations to use "contract officers" and corporations are under no legal obligation to reveal the corporation shareholders (actual owners) to the state. As a foreign national, having "contract officers" who are US citizens can apply/sign off on your official registrations . Hit me up on ICQ and I will provide you with the law firm in Nevada who has done/does this type of work for me. __________________ An act of kindness is a wonderful gift

03-14-2003, 02:18 PM	#7
DutchTeenCash I like Dutch Girls Join Date: Feb 2003 Location: dutchteencash.com Posts: 21,684	go for a real offshore company, if you want more info mail us at [email protected] Completely Tax-Free - No income tax, stamp duty, estate taxes, capital gains or witholding tax. Having Only One Shareholder/Subscriber Permitted Share May Be Held By Corporations Or Trusts A Single Director Allowed Which May Be A Corporation Or Trust An IBC's register of Shareholders is available for inspection only by shareholders or by order of the Courts at the request of a shareholder. Non-Disclosure Of Beneficial Owners Bearer Shares Permitted - Shares may be issued without par value. IBC's can be used for financial management, investment holding, ship or property ownership, share ownership of other companies, leasing of assets, copyrighting and/or licensing as well as general commercial trading. No exchange control. Private Label Company availability. No Statutory Accounting Or Auditing Records Need To Be Filed No Minimum Capital Requirements

03-17-2003, 08:03 PM	#11
Bobby Vicious Confirmed User Join Date: Aug 2002 Location: Bahamas Posts: 452	Yes... dEpending on the State, 20 to 30% ... For those saying it is expensive, use the guys in my previous above post. It is on line, so you will see exactly what it will cost you BEFORE putlling your credit card out ... and what services you will get. then, you pay yearly fees, about $ 175.00 yearly Directfiesta do they act as a representive when you incorporate with them and at what additional costs ?

03-18-2003, 09:30 AM	#14
Cogitator Confirmed User Join Date: Feb 2002 Location: Florida Posts: 672	I don't know about LLC's, but S-corporations have citizenship requirements. You might want to check up on that for the LLC. I have a Delaware S-corporation myself. __________________ - this space intentionally left blank -

03-18-2003, 12:08 PM	#15
RyanExpress Confirmed User Join Date: Mar 2003 Posts: 114	All I know is Deleware and Nevada are the two best, easiest and least expensive ways to open companies...great tax breaks too! Great thread...very usefull...good luck...keep on posting all! __________________ Ry ICQ:303 591 040 http://www.ExpressSubmit.net Need with your SE Traffic? Where we put u FIRST for only 's

03-24-2003, 09:30 AM	#18
max.yambo Confirmed User Join Date: Mar 2003 Posts: 218	We can help you with the LLC in Delaware. It's gonna cost you $500. Hit me on the icq if you need more info. Why do you need a US offshore company btw? __________________ <a href="http://www.yambo.biz"><img border="0" src="http://www.yambo.biz/public/gfy.yambo.gif"/></a> Max Bugaenko Yambo Financials Ltd. <b>ICQ 111225</b>

03-24-2003, 11:09 AM	#20
dnsmonster Confirmed User Join Date: Jul 2002 Location: A warm place. Posts: 634	I can assist with incorporating in Delaware and Nevada. I have a number of shelf corporations as well so you could be ready to roll in minutes. Hit me up on ICQ. __________________ I couldn't possibly know what I'm talking about, I'm completely, absolutely and definitively out of my fucking mind.

03-24-2003, 11:33 AM	#21
freeme Confirmed User Join Date: Feb 2003 Posts: 924	Dont Use yambo they are currently being investigated by the IRS and any accounts set up by them may get caught up in any federal action

03-25-2003, 12:59 PM	#26
picindex Confirmed User Join Date: Oct 2002 Posts: 1,038	Where can I get more info on this NV corporation set up with contract officers? __________________ Good Content:

03-25-2003, 09:17 PM	#28
TheJimmy ICQ- five seven 0 2 5 5 0 Join Date: Jan 2001 Posts: 10,747	picindex read my reply...I got an ICQ for ya in there....and a phone number upon request... __________________ Investor with 5m - 15m USD to invest. Do you have a site or network of sites earning 50k - 200k a month income? Email your contact and preliminary data to: domain.cashventures (at) gmail.com....Please...no tire kickers...serious offers and inquiries only.

03-26-2003, 10:16 AM	#29
DaDee So Fucking Banned Join Date: Mar 2003 Posts: 116	Nevada does seem to take corporate friendliness one step further, by allowing corporations to use "contract officers" and corporations are under no legal obligation to reveal the corporation shareholders (actual owners) to the state. As a foreign national, having "contract officers" who are US citizens can apply/sign off on your official registrations .