You should not. If you are a non-US person and own a single-member LLC the Form W-9 does not apply to you. The only exception would be if you have elected C Corporation status for your single-member LLC, in that case, for tax purposes, it is no longer a disregarded entity but instead a corporation. […]
How do I complete Form W-8 BEN as the owner of a foreign-owned single member LLC or as a non-resident individual?
A Form W-8 BEN is filled out exactly the same for a foreign-owned single member LLC and as a non-resident individual. This is due to the disregarded entity status of a single member LLC. Part I – Identification of the Beneficial owner 1. Name of the individual (owner of the LLC). NOT the name of […]
For non-residents of the United States a few states are always the most popular: Wyoming Delaware New Mexico Florida The traditional favorites have been Delaware and Wyoming, with New Mexico becoming more popular in recent years. I have a strong preference for Wyoming with Delaware as the top choice for companies that are more concerned […]
Even if you are a U.S. non-resident seller you may be required to collect sales taxes in the United States. Sales taxes are the closest thing the United States has to VAT, but functions differently in that it is only charged to the end buyer. The retail seller is not technically the party paying the […]
In the United States a disregarded entity is an entity that is not viewed by the Internal Revenue Service (IRS) as an entity separate from its owner. That means it files no separate tax return. A limited liability company (LLC) with a single owner is by default a disregarded entity, though the owner can elect […]
The FBAR (FinCEN Form 114) is a form required of U.S persons who either own or have signature authority over foreign financial accounts, such as a foreign bank account. The form is required if at any time during the year the value of your financial accounts exceeded $10,000 in total, not $10,000 per account. The […]