Single-member LLCs are taxed as part of the owner. Non-U.S. sourced income usually avoids U.S. tax.
Multi-member LLCs are taxed as partnerships, keeping non-U.S. income free from U.S. taxes.
LLCs can elect to be taxed as corporations, offering strategic tax benefits.
LLCs can be owned by individuals or entities, including non-resident aliens.
Contact Jarrar & Associates CPA for expert guidance on LLC taxation and formation!