Single vs Multi-Member LLC - What's Best For You? (Full Guide)

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Single vs Multi-Member LLC - What's Best For You? (Full Guide)

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Күн бұрын

How many videos of James have you watched today?
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Check out James’ top recommended videos here - these are cornerstone videos that should answer many of your questions.
-----Longer videos that explain it all!
How to Legally Pay NO US Taxes - • IRS Secrets: How to LE...
How to Legally Pay NO US Taxes (part 2) - • Are you a Non Resident...
-----Guides and How tos
Annual reporting for a foreign owned multi member LLC (Masterguide) - • Tax Laws for Foreign-O...
What is Form W-BEN and why do I need it • How to Fill Out W-8BEN...
Which payments from US Companies are subject to withholding? • Which US Payments are ...
How to complete Form W-8BEN - • 🧾🔍 HOW TO complete Fo...
How to complete Form W-8BEN-E - • How to Complete Form W...
How to get an ITIN - • Get A ITIN Number - W-...
-----And don’t forget to check out all of the “CALLS WITH JIM”
• Calls with Jim
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Do you want to learn how to open and operate a Tax Free Company in the USA even if you live outside the US and don’t have a visa.
Click here - www.jamesbaker...
Already have an LLC? Did you already complete form 5472 for your company? Did you know there is a $25,000 penalty for not doing this form? I’ve made a short training that explains exactly what you need to do and why so you can get this done quickly and correctly, the first time around.
Click here - www.jamesbaker...
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Looking for help with your SALES TAXES? Check out a couple of our videos on the topic -
What are sales taxes? • Do I pay Sales Taxes o...
What is a resale Certificate and Why do you Need it - • What is a Resale Certi...
How to get a Florida Resale Certificate, Part 1 - • 📝💼How to get FLORIDA R...
How to get a Florida Resale Certificate, Part 2 - • Get Your Florida Resal...
How to file a DR-15 Florida Sales and Use Tax with 0 Sales - • Florida Sales Tax Fili...
I get asked what company I recommend to help with sales taxes and every time I mention Tax Jar. Once set up, tax jar can complete all of your monthly sales tax filings automatically. If you are looking to solve this problem forever, click this link to find out more about what they can do for you. taxjar.grsm.io...
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Lawyer Disclaimer (Occupational Hazard): This is not legal advice. Everything here is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney for advice regarding any particular issue or problem.

Пікірлер: 21

@ScottJLetourneau 5 ай бұрын

Great input for non-residents and U.S. residents will most always start as a single-member LLC disregarded and have the option to make a late S election later in the U.S. Another great video, Jim!

@JamesBakerCPA 4 ай бұрын

Thanks man! You are right!

@jc_duenas 5 ай бұрын

3:13 mistake by editing team. James states W9 for MMLLC and the video says “W-8BEN-E”

@jimbaker 5 ай бұрын

Thanks

@bajamerica Ай бұрын

I run an HOA based in Mexico. We have homeowners who are from both US & Mexico. The legal entity is Mexican with Mexican ID (RFC) as a legal Association. Our only income is Dues, which are expended, except for a reserve. We want to make it easier for US members to pay dues online, on our website, without international bank transfers, using their credit/ debit cards as if we were any other Point of Sale transaction. Can we set up as a foreign owned LLC to accept payments, and mostly pass them through to our Mexican Association account in Mexico. Or other option you recommend? 99% of our expenses are paid in Mexico.

@JamesBakerCPA Ай бұрын

Yes sure it's worth a try

@owlincubator9773 5 ай бұрын

Thanks for great video. ❤I heard that SMLLC and MMLLC can switch with each other automatically under some circumstances, and I found some words about that on IRS form. I can't find pratical example though.😅

@AhmedKhalil-zj6ly 5 ай бұрын

First I would like to thank you for all the information you share. Where is the switch from smllc to mmllc video?

@jimbaker 5 ай бұрын

later this week

@henrikandersen7778 5 ай бұрын

Can you avoid withholding taxes on stock dividends with a single llc, if you choose to have the single member llc taxed as a separate legal entity?

@MMasabOmairTM 2 ай бұрын

Hi Jim, I have already obtained my EIN by filing the form SS4 form BUT, my LLC is multi-member and in the section 9a. instead of "Partnership" i have selected the "other - Forgien owned disregarded entity" option. Is that a mess up? if so, can i fix it?

@myrten3124 5 ай бұрын

Can MMLLC owned by 2 SMLLCs (disregarded entities owned by the same foreign person) file W9?

@armyman3666 5 ай бұрын

Disappointed with the service. Booked a call that was cancelled at the very last hour, and without any justification, just saying book another call lol. I won't, thank you.

@JamesBakerCPA 5 ай бұрын

Hey sorry that you had that happen. We are still working on the back end tech and sometimes there are double bookings. This isn't the actual service though. I hope you get value from the videos!