Hi, guys. I would like to open an LLC in Illinois with my friend (who is not US citizen/resident and lives in another country) and have a couple of questions since this is a little non-standard one.
1) This LLC in necessary for our business in another country (for participation in various tenders) so this LLC will have no activities/income in the US, only outside of the US. I am permanent resident and will own 50% of the LLC, also I will be living outside of the US most of the time. My question is - for this case do I have to pay any federal or state taxes in the US with regard to this LLC? I read that I need to mention my LLC activities in my personal tax forms but since LLC will have no income in the US (but it will have income outside of the US, I hope ) - is there still some minimal amount of taxes that I have to pay in the US? I also assume that my friend (who will own other 50% of LLC and is neither US citizen nor resident) will not have to pay anything to the US?
2) Since I will be out of the country most of the time, I will not have a permanent address in the US - but we will need one for LLC. I think the way out is to pay for "registered agent" services. I will appreciate if you tell me the procedure for establishing this registered agent, how much they charge per year, and also advice on some good providers out there.
3) I think we will need to pay some amount to Illinois Secretary of State office every year for LLC registration? What is this amount?
Anyway, I will appreciate if someone point me to the link with step-by-step instructions to opening of LLC in Illinois as well as to the phone numbers/e-mails which I can use for my questions.
Thanks in advance, guys.
1) This LLC in necessary for our business in another country (for participation in various tenders) so this LLC will have no activities/income in the US, only outside of the US. I am permanent resident and will own 50% of the LLC, also I will be living outside of the US most of the time. My question is - for this case do I have to pay any federal or state taxes in the US with regard to this LLC? I read that I need to mention my LLC activities in my personal tax forms but since LLC will have no income in the US (but it will have income outside of the US, I hope ) - is there still some minimal amount of taxes that I have to pay in the US? I also assume that my friend (who will own other 50% of LLC and is neither US citizen nor resident) will not have to pay anything to the US?
2) Since I will be out of the country most of the time, I will not have a permanent address in the US - but we will need one for LLC. I think the way out is to pay for "registered agent" services. I will appreciate if you tell me the procedure for establishing this registered agent, how much they charge per year, and also advice on some good providers out there.
3) I think we will need to pay some amount to Illinois Secretary of State office every year for LLC registration? What is this amount?
Anyway, I will appreciate if someone point me to the link with step-by-step instructions to opening of LLC in Illinois as well as to the phone numbers/e-mails which I can use for my questions.
Thanks in advance, guys.