Freelancer? Start a Company in the US with 0% Corporate Tax!

A freelancer is a professional who offers their services without a fixed commitment to an employer. The services they can offer are wide-ranging and varied, from content creation, graphic design, programming, and marketing to accounting services and consulting. With the continuous rise of the digital economy, freelancers are seeking new solutions to minimize their tax burden and expand their operations internationally.

Here, we will explore the opportunity of forming an LLC in America with zero corporate taxation – for all profits!

What is an LLC in America and Wyoming, and what does it offer?

An LLC (Limited Liability Company) is a flexible business entity type in the United States that combines the advantages of a corporation and a sole proprietorship.

Wyoming stands out as a state due to its exceptional tax advantages, especially for foreign individuals (non-resident aliens). An LLC in Wyoming is not subject to corporate tax for profits generated outside the U.S. and is not taxed at the federal level if its members are not U.S. tax residents. This makes it an ideal choice for freelancers operating internationally.

Who can open a company in Wyoming and what documents are needed?

Any freelancer or entrepreneur, regardless of nationality, can open an LLC in Wyoming. All that is required is a valid passport, as the procedures are simple and free of complex bureaucratic hurdles.

No physical presence in the United States or prior experience in company formation is needed. Through our services, the entire process is completed online, quickly and securely.

What about banking and how you get paid

With the formation of an LLC in Wyoming, entrepreneurs can easily open bank accounts in Euros and Dollars, even without a physical presence in the U.S.

Through the guide we send you, we provide step-by-step instructions for opening bank accounts with reputable banks that offer international services.

We also provide solutions for payments with payment links, online POS on your mobile, and other payment systems, ensuring excellent financial tools for all your needs!

Company formation cost and maintenance cost

Forming an LLC in Wyoming is a particularly affordable solution for freelancers and entrepreneurs seeking tax advantages.

The total cost for the first year of formation amounts to €1,400, which includes all necessities such as office address, state address, state registrations, state and federal tax filings (IRS), BOI reports, and Certificates of Good Standing.

From the second year onwards, the company maintenance cost decreases to €1,200 annually, ensuring continuous compliance with local regulations and the preservation of benefits.

How funds are transferred to company members

One of the key advantages of an LLC is the flexibility in profit distribution. Company profits can be distributed to its members after allocation, and the funds are transferred directly to the members' bank accounts.

These amounts are not taxed as corporate profits in the US, but as dividends in each member's tax residence. This way, LLC owners avoid double taxation and benefit from favorable tax treatment in their countries of residence.

Let's move on to the final section, which explains how to start your own LLC with zero corporate taxation.

How can I start my own LLC with zero corporate taxation?

Forming an LLC in Wyoming through GrowthBusiness is a simple and fast process. Just fill out the online application form on our website, and we'll take care of the rest.

From legal company registration, providing a registered office and address, to tax filings and managing state reports, all steps are completed easily and efficiently, ensuring your company benefits from Wyoming's tax advantages with zero corporate tax.