Here is the thing. I am looking forward to incorporate an LLC in Wyoming or Delaware as a non-resident alien. I know there are no taxes just the franchise fee in these states.
But what about federal tax? Will i have to pay any?
More, I will be having employees in other states (work from home). What Legalities do apply? As i am barely aware of the laws.
1 Answer from Attorneys
Generally speaking, it's not a good idea to form an LLC in a state that you do not reside in and/or a state where the LLC will not actually operate from. Doing so will result in having to file at least two tax returns, instead of possibly just one, additional franchise fees and foreign registration fees (and depending on the state, possibly additional publication fees).
Consider consulting with a business attorney to save yourself a lot of wasted money. For LLC formations, I charge almost the same as the national LLC formation services and you get an attorney doing it!
Roman R. Fichman, Esq.
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