FOREIGN OWNED US SMLLC DEBUNKING NINE COMMON MYTHS

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=S1MKs85RRug

This video talks about the following 9 common misconceptions that foreign owners of U.S Single member LLCs have: • Myth#1: LLC Pays Dividends • Myth#2: You can get an ITIN once you have a single member LLC • Myth#4: You can be approved of a U.S Residency Certification because you have a single member LLC • Myth#5: Even though my U.S have a foreign bank account; it’s not required to file FBAR (FINCEN 114) because the LLC is a disregarded entity • Myth#6: My foreign owned Single member is dormant, so I’m not required to file pro forma 1120 5472 • Myth#7: I need to have an SSN before I can apply for an EIN for my LLC • Myth#8: I cannot file proforma 1120 and 5472 unless my Single Member LLC has filed corporate election on form 5472 • Myth#9: I can set up a U.S LLC to avoid paying the 30% FDAP withholding • The video is educational purposes only and should not be construed as a legal advice, you should always consult a competent tax professional at all times. • You may also use the link below to schedule an appointment with me anytime. • https://oandgaccounting.com/appointme... • • #oandgaccounting #SMLLC

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