OK, I know these kind of posts are a dime a dozen here. But I did part of my homework and I am bringing specific numbers, I also aware that the advice received here is just informational so I am OK with that. So let's start:
Me: From a LATAM country, country is in shambles so opening a local company is a big no-no because among other things I cannot receive payments in foreign currency.
Option: An US LLC.
Why?: Large, "stable" system, I can get access to big payments providers like Stripe , limited liability, I can get an US business account, and this will simplify my business.
Cost: Original incorporation, including agent fee+bank account (Mercury)+state fee: 350 USD, this is assuming Delaware or Wyoming.(There are several companies providing this service, Stripe Atlas, Blook.io, etc)
Expected services/goods to be sold: Web development services, ebooks, saas subscription services, the usual stuff. All provided from outside of the US to worldwide customers.
So let's say I incorporate in Jan 21. And projected incomes are as follows:
Year 1: 5k-10k USD
Year 2: 50k-100k USD
Now as a sole owner foreign resident alien, my LLC would be treated as a "disregarded entity" by the IRS, that means I will not pay US taxes since none of my income was GENERATED in the US. My home country tax situation will be managed by my local accountant.
My questions are:
Am I correct on my assumptions regarding the US tax situation? Does anyone have experience with this?
How much would I pay after year 1 and year 2 to renew my company, file a declaration, etc, based on that supposed income? I am assuming since I am not paying US taxes, the rate will be flat, consisting on the agent fee, state fee, accountant fee. Is this correct? How much would it be? The same 350 as when it was incorporated?