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

For tutorials on how to complete Schedule K-2 & K-3 for foreign-owned partnerships:

Foreign Branch and No ECI:    • Tutorial 1 - Schedule K-2 & K-3 - For...  
Foreign DRE with US ECI:    • Tutorial 2 - Schedule K-2 & K-3 - US ...  
US LP Investment Partnership:    • Tutorial 3 - Schedule K-2 & K-3 - US ...  

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:
   • Foreign Owned Multi-Member LLC - Form...  

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DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials.

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