Foreign-Owned LLCs: A Tax Guide for Foreign Founders
A limited liability company (LLC) combines the liability protection of a corporation with the tax flexibility of a partnership. By default, LLCs are pass-through entities, so profits are reported and taxed on the members’ individual returns. US citizenship or residency isn’t required to form one — individuals, corporations, other LLCs, and foreign persons can all be members — which makes the LLC a popular vehicle for non-US founders. Key Takeaways LLC members can benefit from liability protection against some creditors, ...
