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TaxRobin
TaxRobin, Tax Consultant
Category: Tax
Satisfied Customers: 21869
Experience:  International tax
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Assistant: How can I help? I live in the uk but i want to

This answer was rated:

Hello
Assistant: Hello. How can I help?
Customer: I live in the uk but i want to set up a company in the USA and sell in Europe, mainly uk
Assistant: Have you talked to a tax professional about this?
Customer: No not yet
Assistant: Anything else you want the Accountant to know before I connect you?
Customer: That is all

Hello and thank you for allowing me to assist you.

Customer: replied 1 month ago.
Hello

Please post your specific question

Customer: replied 1 month ago.
I live in the uk and i want to set up a company in the USA but would want to sell to europe and mainly uk, where would i get taxed? Uk or Usa

UK

As long as you are not physically in the US

Customer: replied 1 month ago.
I paid 44 pounds and cant ring you??

An LLC is a pass-through tax entity. What this means is that the LLC is not taxed directly. Instead the profits and losses of the business pass through to its owners, who report them on their personal tax returns.

as a foreigner, you must have no US presence. You are only subject to US tax if you are “engaged in a trade or business in the United States”, which only applies if two things are true:

(1) you have at least one “dependent agent” in the US, which are employees or companies that work for you almost exclusively, and

(2) this dependent agent does something substantial to further your business in the US, as opposed to something purely administrative.

I physically cannot speak on phone

Customer: replied 1 month ago.
What happened to my 44 pounds then?

Another can pick up your request

Please let me know what other information you need.
Scroll up to see the stars to rate

Customer: replied 1 month ago.
When will they ring me?

I have no way to know who will see the request and ring

Customer: replied 1 month ago.
Can i get a refund?

Please let me know what other information you need about US Tax you need
Scroll up to see the stars to rate

For the call yes

Customer: replied 1 month ago.
How?
Customer: replied 1 month ago.
Also i do have more questions

I will tell the site for you

I said post them

Customer: replied 1 month ago.
Thank you i appreciate it

Please let me know what other information you need.
Scroll up to see the stars to rate

"Also i do have more questions" What?

Customer: replied 1 month ago.
basically i sell and it goes to my USA bank account and i then transfer the money to my uk bank account and that is when i have to announce tax?

Yes

Customer: replied 1 month ago.
Can i set up a company in the uk instead of being personal tax?

Yes you can

Customer: replied 1 month ago.
my company in the usa transfer money to my uk company and should be fine?

Yes

You just want to make sure for US you stay in"pass through" Status

No C corporation

Customer: replied 1 month ago.
i have to set a LLC and claim pass through status

Correct or sole proprietor

Customer: replied 1 month ago.
What negative implications if i set a LLC?

None

Customer: replied 1 month ago.
Is it possible to set up usa paypal account if i use my LLC details?

I am not with paypal

Customer: replied 1 month ago.
Okay

You are most welcome.
A 5 star positive rating would be appreciated

Customer: replied 1 month ago.
What is the difference between llc and sole propreitor and which is better for me?

For tax none

Unlike a sole proprietorship, an LLC is a hybrid of the partnership and corporate forms that allows the liability protection of a corporation with the tax advantages of a partnership. An LLC is a separate business entity that is owned by investors known as members.

You choose

TaxRobin and other Tax Specialists are ready to help you
Customer: replied 1 month ago.
Okay thank you
Customer: replied 1 month ago.
Have you asked them to refund the call?

Yes