Foreign Owned Multi-Member LLC - Pay No Taxes!!!

Nonresident entrepreneurs can open a U.S. multi-member LLC and not pay any U.S. taxes, so long as the entity is not engaged in U.S. trade or business (USTOB) and has no effectively connected income (ECI).

In this video, I outline the rules surrounding USTOB and ECI, and why a nonresident owned LLC will likely not have to pay any U.S. taxes so long as all of their operations are conducted outside of the U.S.

Check out Part 2 for the Form 1065 reporting when the LLC owes no taxes:
https://youtu.be/8GOJ12zn19E

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#MultiMemberLLC #USTOB #ECI

DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. Thank you.