If you are going to pay taxes in Spain, having a manager in the US will allow you to delegate the effective management of your LLC there and could avoid problems if you are inspected by the Treasury. If, on the other hand, your idea is not to pay taxes in Spain on the profits of your LLC, you can omit it.
Below we show you the process broken down into weeks…
Week 1
Week 2-4
Week 2-4
Week 4-5
During the year you will have certain responsibilities with your LLC that you must fulfill. Don't worry, we've got you covered in all of them.
Physical address where the IRS can send you official and certified letters.
It is included in the maintenance pack.
Public postal address where you can receive commercial mail and indicate a physical location in the USA where your LLC carries out its activity.
It is included in the maintenance pack.
Annually, we will file the following forms with the IRS on your behalf:
Form 1120: This document informs the IRS about the income and expenses incurred by your LLC during the tax year.
Form 5472: This form provides the IRS with information about the type of business and the details that will be filed on Form 1120.
It is included in the maintenance pack.
At the end of the fiscal year you must deliver us the result of that year (Income, Expenses, Profits and Transfers). We take care of the rest.
When we register your business, we will fill out these forms on your behalf:
Everything included in the maintenance pack.
When it comes to deciding where to establish a Limited Liability Company (LLC), choosing between New Mexico and Delaware can have a significant impact on a business. Here is a simplified explanation:
In new Mexico, the annual federal tax amounts to $0, Unlike Delaware, where is from $300. Failure to pay this tax is considered a serious offense that could entail significant risks for the company in that state. In the case of Delaware, the price already includes the payment of the tax.
At LLC.Devil.Marketing, we are with you every step of the way to open your bank account from the comfort of your home. We do our best to make the process easier for you, but keep in mind that the banks have the final say with their own regulations.
If for some reason things don't go as planned, no problem. We offer you 60 days from when we receive your documents to request a refund, as long as there are no delays from the IRS or the State, as those are out of our control.
At times, the US or Spanish tax authorities may require additional information, which could complicate the process. In those cases, and even if we regret it, we will not be able to make a refund.
We understand a lot about business, but for legal or tax matters, it is best to consult an expert. A lawyer or accountant will be your best ally for binding tax and legal consultations.
Although we are here to support you, remember that we are not lawyers. For those more complex legal dilemmas, we will help you find a qualified professional.
The information provided may change, so we recommend that you do not consider it immutable.
