How to pay yourself in a single member LLC

💻 Get the LLC formation package for non-residents 👉 startglobal.co/
🏛 Tax estimator tool - startglobal.co/tools/tax-esti...
📖 Guide on LLC elected as a corporation - startglobal.co/guides/llc-as-...
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US residents and non-residents who own LLCs in the US can take out money in 2 main ways. One is through distributions (also known as owner's draw) and other is through salary. You can withdraw any amount as distributions. There are no restrictions. However, only LLC elected as a corporation can give salary to its members.
Now matter how you withdraw money, it is important to plan for the future before making withdrawals.
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- CHAPTERS -
0:00 Intro
0:27 What is LLC?
1:09 Distributions
2:41 Example
4:07 Salary
5:04 Transferring money internationally
6:24 Conclusion
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the team at StartGlobal. The speaker does not guarantee any particular outcome.
#LLC #SinglememberLLC #USNonResident

[@packbackstore2023]

Thank you so mush :)

[@mrsergiu01]

Thank you!
If to open an single member LLC in New Mexico for non resident.
Selling for example supplements that are made in the United States.Selling on Amazon,Walmart,Personal website and Retails as well,without having any employe in the United States... what taxes should i pay?

[@stephenwilliams1286]

What if you established a home based holding company (Ireland) under which the single member llc sat as a subsidiary? Could the pass through income untaxed in USA go into the parent holding company without tax or with just corporation tax?

[@asura4022]

Great content! Honestly though, I preferred the last few video’s edits than this.

[@startglobalhq]

Thanks for the feedback. We're trying out some new things. Hopefully it gets better :)

[@zstero4612]

@@startglobalhq do you have the tax estimator link please?

[@jonasklimas8075]

Is there any difference with multi member LLC when it comes to Distributions? I mean other than deciding the percentage of ownership.

[@startglobalhq]

It's pretty much the same as a single-member LLC.

[@hamidmeer7198]

Can I directly registered my LLC in US if I have my own address in US ?

[@startglobalhq]

Yes, for the most part. If it is not a PO box and if there is somebody at the address who can act as a registered agent, you don't even have to get registered agent services. But, if there is nobody at the address, you will have to get a separate registered agent - which isn't that hard, tbh.

[@nadirkhan2421]

I’d like to speak/chat to a live person.

[@startglobalhq]

Please check our full website here startglobal.co/ you can also reach out to our customer support at [e-mail]

[@sebastiantreu8243]

thanks, but this video says the contrary: th-cam.com/video/UfKg7kbxVXU/w-d-xo.html that is called commingling... who's right then?

[@startglobalhq]

One always needs to maintain a separation between their personal and business money. That is imperative to maintain limited liability. So business' money is separate from personal money.
However, there are personal bills one needs to pay. So, business needs to pay the individual for their services either as a salary, or a distribution. Our video talks about instances when an individual 'gets paid' from the business. That is the case when money is transferred from business bank account to personal bank account.