Incblog for Entrepreneurs
Covering entrepreneurship and business start up questions for non-residents and US citizens.
Covering entrepreneurship and business start up questions for non-residents and US citizens.
Jul 10 2023
by John Gordon | 20:07 GMT
Important Requirements US Foreign-Owned US LLCs Effective since January 1, 2017, Limited Liability Companies (LLCs) formed in any state of the United States or the District of Columbia, which are wholly owned by foreign persons and do not elect to be treated as corporations for tax purposes, are subject to certain IRS reporting requirements. New […]
Aug 29 2013
by John Gordon | 23:08 GMT
Dec 29 2011
by John Gordon | 15:12 GMT
Don’t take this wrong; most people are lazy in some way while they focus on more important things like family, friends, TV, movies, tweeting, Facebooking, or even working on their business. Lazy people don’t like to keep minutes, hold meetings, and generally follow many formalities. Who can blame them? Limited Liability Companies (LLCs) are perfect for […]
Apr 29 2010
by John Gordon | 07:04 GMT
There is much literature praising the benefits of LLCs as a new business form for the small to medium-size business owner. LLCs are indeed an advantageous business model because, unlike corporations, profits and losses can pass directly through to the owner’s personal income tax return while the owner’s personal assets are shielded from liability. But this protection is not unlimited, and if the owners of an LLC do not take adequate precautions, they can find themselves facing a potential lawsuit without the benefit of having their personal assets protected from a judgment against the LLC.