How to pay yourself from offshore llc ?

[sonato]

I'm in the process to setup my first offshore LLC in the USA more specific Wyoming LLC setup. It is easy, cheap and fast furthermore it is totally legit setup no shady docs or anything.

This I consider Wyoming company to be the offshore LLC not sure if it is the right term, anyway, how would you go about to give yourself pay?

Is that something an accounting need to help with or can it be done by me and Excel?

 

[clemens]

simple ask your accountant to make a payslip for your payouts and get it into the books. Pretty easy I don't think there is any rocket since in it.

 

[JustAnotherNomad]

A non-resident LLC has almost no filing requirements. So just pay yourself and declare it at the end of the year.
(Disclaimer: I have no personal experience with such a setup, but it’s what I’ve heard.)

 

[CaptK]

It is deemed as income and not a dividend so tax is higher. You will need a secondary structure to mitigate tax

 

[JustAnotherNomad]

It is deemed as income and not a dividend so tax is higher. You will need a secondary structure to mitigate tax

That depends on where he is tax resident and how they treat income from a disregarded US LLC.

 

[sonato]

A non-resident LLC has almost no filing requirements. So just pay yourself and declare it at the end of the year.

just like that which sounds to me straight forward and no need to ask any accounting firm to help me do that. I will have to pay personal income tax from when I pay myself that way.

 

[JustAnotherNomad]

You will have to pay tax on all the LLC income anyway, even if you don’t pay yourself.

I’m sorry, but you probably shouldn’t be doing any of this on your own. At your current level of understanding, you will only get yourself in trouble. Find an experienced service provider and have them find a solution and explain all the potential risks to you. Then talk to a lawyer in your own country and ask if what they told you is correct. You shouldn’t be doing this on your own.

 

[clemens]

I totally agree with @JustAnotherNomad from your posting I read it as you are all new to all of it. Accounting for an LLC and with only one employee isn't that expensive, spend a few hundred dollars to get your self out of troubles.