I've been looking into cheapest way to block US estate tax for non-residents and came across Puerto Rico LLC which is only slightly more expensive than US LLCs My findings: - It has PR corporate taxation by default but can elect pass-through (partnership-like) taxation even with single member (DE treatment status is only for PR-owned LLCs) - so if it's not engaged in trade or business in PR and doesn't have PR resident members it shouldn't be taxed in PR - Puerto Rico pass-through entity tax return instructions indicated that only entities engaged in trade or business in PR have to file that return and as far as I know there is no equivalent of form 5472/1120 - Under federal tax law PR LLC is foreign - IRC § 7701(a)(5) and corporation by default - Treas. Reg. § 301.7701-3(b)(2)(i)). - Changing tax status in PR doesn't change federal tax status causing hybrid entity mismatch - Stock in non-US corporation is not US situs asset under Treas. Reg. § 20.2105-1(f) I haven't been able to confirm not having to file PR tax return as it looks like this exemption only exists in instructions - https://hacienda.pr.gov/sites/default/files/documentos/inst_pass-through_entity_2022.pdf Anything I'm missing?

Hey guys, I'm an Australian citizen who has recently setup a single-member Wyoming LLC. I've got the EIN, bank account, registered agent and company docs. As I want to run a subscription offer on my ecommerce business, Stripe isn't the best option and I'm looking for a high-risk merchant account. Unfortunately, most US payment processors also require a US-based director that can act as the signer to help me get US-based payment processing (merchant accounts). I'm looking for a reputable service provider that can offer me this director, along with a Nominee Director agreement (NDA), Declaration of Trust and any other legal docs that can help. Thanks!

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So on the 31st of december i tried logging in mercury, and it kept on declining i wasn't able to log in. They are holding money for about 22 days now. - i've emailed with 0 luck, they don't respond - tried everything with contacting admins There is alot of money in the account. Feels quite insane that a bank can do that What is another option here? Seems like I might just take this as a loss

I saw a few people who have had their Mercury accounts closed and naturally worrried about your funds left in the account. Here is what I found out today: I emailed our contact at Mercury and here is their policy on closed accounts with money left (make sure your address service is working and they don't just forward the mail to you in another country, you may never see it): Hi Scott, I wanted to let you know that the funds are sent via check to the address on file. Typically, this process can take anywhere from 14 to 30 days once the account is officially closed. Please let me know if you have any further questions—I’d be happy to assist. Best, Sumner Watkins