Physical Address - Clarification · Global Business Growth Club

Dan R.

Apr '24 (edited) • General discussion

Physical Address - Clarification

Hello everyone,

Although I haven't solved the Mercury bank and physical address issue yet, I now have a few questions about it.

If my foreign-owned single member LLC leases a real office suite or a coworking space, it will then become fully taxable and required to file accounting/tax returns. Just as if it had employees or a physical shop.

Is this correct?

2. This isn't the case with a virtual street address... Right?

3. If I tell Mercury bank that my physical address where I operate my business is my residential address (in my case the EU) will this have any consequences for my LLC or me personally? (Like taxes, reporting, or ....?)

A professional response would be greatly appreciated

@James Baker

;) and of course everyone else's too.

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