Delaware vs Wyoming: LLC State of Formation for Non-Residents
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- เผยแพร่เมื่อ 5 ก.ค. 2024
- 💻 Get the LLC formation package for non-residents 👉 startglobal.co/
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Delaware and Wyoming are two of the best states to form a US LLC for Non-residents. They both don't charge any state income taxes if you don't have any physical establishment in the states. Delaware is popular for its business-friendly laws and Wyoming is popular for its privacy and affordability.
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- CHAPTERS -
0:00 Intro
0:14 When to choose your home state
0:44 Why Delaware & Wyoming
1:27 Delaware advantages
2:24 Wyoming advantages
3:20 Costs of Delaware & Wyoming
3:50 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 #LLCFormation #Delaware #Wyoming #NonResident - แนวปฏิบัติและการใช้ชีวิต
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My God, FINALLY I find somebody who actually knows how to present this information in a concise, clear and easy to understand manner. Immediately subscribed because you are fantastic at explaining this stuff. I wish you get to at least 1 million followers because you deserve it
Best video I've seen on this topic so far!
Yay. Glad you liked it
Bravo. You are accurate and to the point broo. Thumbs up
Great video, short and plenty of useful information! Could you please advise on financial reporting and taxes for an LLC in WY with revenues from TX and COGS from Colombia/South America
I wouldn't be able to offer advice on specific use cases, unfortunately :( We currently don't support Texas 🤷 Wyoming would be nice for e-commerce by non-residents
Can you please tell how much are the sales taxes and federal taxes in Delaware and Wyoming?
if your first starting off , which one should i start with and would i be able to get business funding
Need to set up a business and training consultancy in Wyoming. Will tax be applied if i conduct business online generally or in person elsewhere? Also how much are the renewal fees for the agent and how much is the tax filing and bookkeeping at your company?
Do non residents have to pay any tax if they withdraw money from their LLC to the personal account. And do non residents LLC needs to pay any tax if it is doing Amazon FBA
Hello - I am confused between DE
Hi, thankfully for the videos
Im a Canadian residence, i have a established granites business, all my commodities i import from overseas,
Im planning to expand my business in US states closed to Canadian borders, based on nature of my business needs a port to import commodities by shipping from overseas,
In this case i choose washington (Seattle) is the convenient port for me to bring in container, so were i want to register my LLC to moving forward without any inconvenience.
If i pick my llc in wyoming or Delaware, which is a right move ?
Advise me please and thank you
How would you go about forming an llc for a rental property in California, without a 2 llc structure to start with a single property
If you move money from an Offshore bank account to an LLC which you open in Delaware or Wyoming. Is it possible then to make transfers from the company account to a prepaid debit card/personal accounts using SWIFT?
Very informative! Do the same rules & costs apply for corporations in DE & WY?
Nope. Costs and rules are different for C-Corporations
I want to file an LLC in Wyoming but Operate in CA, i read on ChatGPT that id have to just file a Foreign Qualification Fee .. any exertise in this matter?
He is Josh!
Could you make a video about form an LLC including New Mexico? For a Non Residents with no clients in the US I think is the most cheapest option to create and maintain. A video comparing WY and NM would be interesting.
Thanks for the suggestion, Erlin :)
if I am a non resident alient and I open a Wyoming LLC, can I open a business bank account for traditional banks like Chase or Citi? Can I also get business credit cards?
What I don't understand is that there should be no payment other than the annual reporting fee. If the other payments you wrote are made by another person, are they fees because, as I said, when I researched for Wyoming, I did not see any fee other than the annual reporting fee?
how about WY VS FL?
Is it not possible to form an anonymous LLC in Delaware?
Hi and thank you for some valuable insight. I am an Online Personal Trainer - clients all over the planet. I live in the UK and am aware of my tax obligation as long as I continue to live here and hopefully not for too much longer. Given this, what do you reckon - will I get away with zero tax obligation to uncle Sam with a single member LLC ???
From Wyoming, can I transfer to Florida?
I want o make a IT Consulting LLC with just me as employee . I live in different state that above 2. Let me know which is the best. Later I might open a LLC for trading as well seperately in future ..Do you suggest. I can be a contractor Corp to corp on this company/ or get Full time job and run this company. Atleast for 1 year or more I may be the only employee on this ..
This video cleared my confusion
❤️
Great Video! Very informative. If I have a online Social midia management business, I live in California but my clients live outside the US do I still need to Register in CA ? or is okay only to have a LLC in Wyoming ?
Since the "work" is effectively done while being in California, you may need to register in California anyway.
What is involved with registering in Ca?
Well explained.
How can a Wyoming LLC purchase my house and Washington State S-Corp
It is possible to do it
My business is consulting and my clients pay for information. I don't really conduct business in my home state. We run the entire biz online. I live in Virginia and my partner is in Florida. We could have clients in France. Not sure how or why I would need an agent in let's say Wyoming.
What about sales tax ? 0 sales tax??? Or any other taxes in those states??
Quick question, i obtained my LLC this month, do i need to file for tax before 14/April this year?
If your LLC is formed after Jan 1, 2022 and your LLC is following calendar year, you needn't file Income tax returns by April 18 (Federal Tax day). You will mostly be required next year only. If you wanna be super super sure and talk to a CPA, let me know
Which state is best in Delaware and Wyoming for e-commerce as a seller . like Amazon etc
Hi Muhammad, it depends. I would prefer Wyoming due to its low compliance requirements, anonymity, and faster processing time
If we are non resident, doing e-commerce business and principle office address and llc in Wyoming then what forms should we file as fedral annual tax ?
There are a couple of forms including, Form 5472. It depends on the type of business.
Well explained,, Sir can you just tell me your own experience, I mean for eCommerce business which state LLC should I open Delaware or Wyoming..
Hi Muhammad, it really depends. I would prefer Wyoming due to its low compliance requirements, anonymity, and faster processing time. And it tends to be cheaper in the long term.
@@startglobalhq
Thank you for your advice, I will form LLC in Wyoming..
@@muhammadsaqib3474 Hi, did you finally do it? How did it go?
My wife and I are going full time in our camper with no address next year. Would it make sense to reregister our business in Delaware, Wyoming or New Mexico? We’re currently living and doing business in Florida. But will be doing business in every state with no physical address. Thank you in advance.
I'd go with Wyoming in that case. There won't be much difference in Delaware in Wyoming in this case, except for the annual fees (Wyoming is cheaper) and reporting.
Do I need to file tax return in USA and pay income tax / us federal tax while having LLC in Wyoming for ecommerce business as non resident?
It depends whether you have a permanent establishment (e.g fully owned warehouse) in the US. If not, you mostly don't have to pay income taxes. Check our tax estimator for a better idea - startglobal.co/tools/tax-estimator
For a short term rental company that operates across the US, which would be better?
Wyoming should be a good choice. If you operating physically in other states, you may have to do a foreign filing in each state you operate in.
Hi, I am from Romania and I want to open an LLC in Delaware, but I will have to pay taxes in Romania as well?
And what are annual taxes for an agency?
For an agency (marketing, design or IT), if you don't have any 'permanent establishment'(office) or a 'dependent agent'(employee or exclusive contractor) physically located in the US, you wouldn't have to pay Federal income tax. You WILL most likely have to pay taxes in Romania (you'll have to check with Romanian tax experts).
Delaware($300) and Wyoming($50 or more) have a fixed annual franchise tax.
If you want a confusion-free place to get it all one, Startglobal has an all-in-one formation package for $599 where you get an LLC + US bank + debit card(physical & virtual) + 1st year franchise tax + address + phone number + registered agent.
If you want bookkeeping and other tax requirements, that's also available on our dashboard.
I Want to Start Wyoming
can I use a Wyoming llc for a ecommerce selling to customers in europe and United Arab Emirates?
Yes, you can :)
Why do you say WY has better privacy? From what I gather, DE only has the registered agent on the public record. It seems WY actually has business address and business owner on the record.
I live in Maryland and want to start an e-commerce LLC in Wyoming. Do I need to register my LLC in Maryland and Wyoming even though I don’t have a physical office or any employees? Any help would be appreciated 😊
You can definitely form a Wyoming LLC. But since you personally are living in Maryland, you will considered 'doing business in Maryland' and this may require your Wyoming LLC to register in Maryland (as a foreign LLC) as well.
I feel it would be easier to just form a single Maryland LLC.
Q
How much is your book keeping and filing of tax forms service every year ? If owner is not citizen and not resident
It really depends on the number of transactions of the business. We charge a monthly amount for bookkeeping+tax filing. If you only want tax filing, we do it annually. Please head on over to www.startglobal.co and talk to our customer support team for accurate pricing.
Would it be necessary / doable to transfer LLC to to other state in case of permanent address?
Yes, it is possible to move over one's LLC across states. However, this may not be a simple process as it may require dissolution in one state, transfer of assets and formation in another state. (Depends on the state)
How can you open an LLC without a registered agent in Wyoming?
Under what circumstances, do I need to register another LLC in my home state to do business with this WY LLC?
If you want to form an LLC in Wyoming, you need to have a registered agent located in WY. There's no way around it.
If you own the WY LLC, but reside in another state (home state) and conduct business in home state, you will be considered doing business in the home state. In almost all of these cases, you may have to register your WY LLC in the home state (known as foreign LLC).
Perfectly explained, thanks, I want to register in Wyoming so can you suggest how to choose attorney in Wyoming ?
again thanks for making such videos.
You search online for attorneys in Wyoming. Or you get our $599 for the all-in-one package including LLC filing, bank account, debit card shipped to you, Registered agent, mailing address, phone number, EIN and 1st year state franchise taxes. Pretty much everything needed for formation - startglobal.co/
do i need resale certificate for selling on amazon if i register llc in wyoming?
In most scenarios, you would need one
I'm a Canadian resident. 'm planning to start Independent dispatch services in US. Should i pick Delaware or Wyoming?
If you plan on having a physical office in US or full time employees, it is best to pick a state where that is located. Otherwise, I'd suggest Wyoming
I m a non resident alien and want to trade stocks and derivatives and in the future buy real estate in the European Union. Should I go delaware or wyoming? Does Delaware offer any kind of privacy from the Internet side like a search for the owners online?
Hey Ricardo, Wyoming offers much more privacy than Delaware when it comes to owner's details online.
Best company to file with in Wyoming? Thank you much success to all.
Thanks for that ❤️
What about a SaaS business? What do you recommend?
Wyoming LLC - it's cheaper and provides more privacy. But if you want to raise VC funds, you can go for Delaware corporation from the beginning itself.
Id like open an llc in both , is it possibe?
Yes, you can. But I'm wondering why you would need it if you are a non-resident 🤔
Delaware don’t need resale certificate will that be trouble to dealing with brands whole saler for not having resale certificate I heard less chances of being accepted for having Delaware LLC
It depends on the brands. Most financial institutions are perfectly alright with just having a Delaware LLC
Can i run online business in other states of us as my compnay is registered in daleware ??? Plz answrr
Yes! You can setup a Delaware LLC using StartGlobal startglobal.co/
how do i get a resellers permit in the state of wyoming
You can apply for it online - excise-wyifs.wy.gov/
Do Anyone know if i Would have to pay vat/sales tax in an llc as a non us resident or Any other taxes
If you are selling physical products, then you almost always have to pay sales tax to US states (even if you are a non-resident owning a US LLC)
@@startglobalhq it's an online license I sell
As an Israeli citizen I am required to report on any asset I controle including companies, Is there any chance that my country will find out about my LLC even with the privacy law?
We wouldn't be able to comment accurately on this, I'm afraid. There could be information shared between countries :)
Hi, I am in UAE. Can I buy and operate any service business like barbershop, laundromat, or any franchise on this LLC. How will be the tax calculations?
Since the services are conducted in US, LLC will have to pay US income taxes.
For very specific tax questions, you would have to consult a tax attorney (or sign up with StartGlobal) as we wouldn't be able to offer tax advice on TH-cam comments :(
@@startglobalhq that's fine for the taxes I would definetly go for attorney but my main question's answer (what I understand is) that I can operate services business in USA while sitting in other country only I have to hire manager there who can look after my business.
How much the tax rate in Wyoming and Delaware?
It depends on the type of business. Mostly no state income taxes.
i would like to form an LLC in the US single owner, i am a non US resident & i wont be hiring anyone from the US + i am running the business from the UAE, should i be paying tax each year ? The LLC is single member btw
Even if you don't have to pay any tax dollars, you'll still have informational filings with the IRS. There could be many other cases as well. We have a tax estimator tool which could be helpful startglobal.co/tax-estimator
I am from India how much it will cost me to open a LLC in Wyoming and what are the requirements.
StartGlobal has a $599 plan that will help you form an LLC and take care of all the legal formalities(+ bank a/c, phone, address etc). All you need is a valid Indian passport. If you work with a CPA/Attorney, it will cost thousands in most cases.
It would be interesting to know the implications in terms of laws, taxes, etc. if the LLC is registered and owned by a Foreign Company (like an EU company for example) and not just by an individual. This is never sadly addressed by anyone on TH-cam
How taxes are calculated is pretty much the same for foreign individual-owned LLCs and foreign companies-owned LLCs.
@@startglobalhq you're awesome bro
Why would you want to register an US LLC owned by a foreign company? It kind of defeat the purpose of registering a LLC from a tax perspective and create massive tax complexity and potential double taxation issues in your own country, you might as well register a C Corp instead.
one video how to create LLC?
Hope you were able to watch this video - th-cam.com/video/esLiU2qRnfk/w-d-xo.html&lc=
Hi Sir please is Wyoming also a Tax Heaven?
We can't really term it as a tax haven, but it's a state with strong emphasis on privacy and very low taxes
Hello, I'm a non-us citizen I plan to form an LLC company, and my main business is media services and trading in the stock market (using Interactive Broker). I don't know much about accounting, tax, bookkeeping, and other paper business related. so my question is are you familiar with this type of business (stocks trading) ?
Yes we do have non-US residents who mainly deal with stocks trading.
I want form a llc in at Wyoming.can you help me?
Definitely. A lot of customers form an LLC in Wyoming. head on over to www.startglobal.co to get started
New Mexico LLC cost only $50 with no annual fee at all. Can you make a video about NM LLC ?
Thanks for the suggestion. Noted :)
What about New Mexico
We see most non-resident opt for Delaware or Wyoming since they have an established system in place to get things done smoother.
I'm forming a Wyoming LLC to own my Florida llc's
Good luck ❤️
Hi..Awesome explanation.. I have a dropshipping online store and want to register my online business, so please assist me. thanks
Does Wyoming charge sales tax from amazon sellers?
Because Delaware doesn't charge sales tax.
Yes 225 dollars
If you are selling to Wyoming customers and if you cross the nexus threshold, you may have to pay sales tax in Wyoming
Want to form Wyoming LLC for e commerce business.
Great choice. If you need an LLC + bank account + everything else needed for an e-commerce business, StartGlobal has a package for $599
How is the tax structure for non resident?
Lol. compared to some other states that charge $800. I am talking about you California...
Stop talking and start moving out 😂
Because we are tired, Ok!?! 😂😂
i think big fraud who charge 350 400usd if u are us resident you can form a llc only in 100 direct from site
Hello
I am a non resident
I want to start own IT Staffing firm in USA but I don't have any physical employee and office in US
Shall I go for LLC or Inc and what will be difference forming LLC and Inc?
Also, let me know the annual cost from next year on wards
LLC should be fine for you. Corporations are usually setup if you are looking for venture capital investments. You can setup an LLC with StartGlobal startglobal.co/