Europeans LLC Propsal for a 50/50 partnership
Hi wanted to open a company with a friend of mine from overseas. We came to the conclusion WY is propably the best place, wanted to check with people here before consulting an accountant. After some initial brainstorming, we have considered the following structure: - P1 Overseas (foreign) - P2 Overseas (foreign) - P1 Real Estate LLC - P2 Real Estate LLC - USA LLC (50/50 split, agency) - P1 Holdco LLC - P2 Holdco LLC Questions 1. Our intention is to draw a minimum wage via billing on the overseas companies (P1 and P2 Overseas), which seems to be the norm for overseas LLC owners? 2. Our key question revolves around the process of billing the USA LLC and via P1 and P2 Real estate, subsequently acquiring property pre-tax, is this allowed even though the Real estate has not much to do with the USA LLC (which will be a design agency)? 3. Are we allowed to invest (trading account) and buy real estate as EU citizens via the Real estate LLC? 4. Is it only reserved for US citizens / equivalents that they can refinance the properties and pull out cash in this way? 5. Additionally, we are contemplating introducing a holding company, wherein it would hold 50% of the LLC and 100% of the real estate company for each of us + to protect our assets separately. 6. Is this a feasible / legal structure and how much would we need in revenue before this would be beneficial? 7. Additionally, how much would it cost on an annual basis to file the taxes for the whole of the above structure (if feasibl
