I've registered an LLC in the US as a foreigner. Registration was no problem, but I find the specific tax laws and regulations difficult, especially because it's hard to find clear information on what rules apply to foreign owners.
From many answers on this same website, I've read the best bet is to 'consult an accountant'. I agree, and I have been formulating my main questions. They are:
- As an LLC with only foreign owners, how should we be declaring our taxes in the US?
- We expect a combination of clients from the US, Europe, and the rest of the world who pay for our services. Perhaps some clients from the same state we incorporated in (who knows?). How should we go about invoicing our clients (VAT-wise)?
- We will be hiring foreign contractors. Is any specific paperwork required to properly file these business expenses? Any tax-related issues we should be aware of?
Please note, I'm not looking for the answers here (having somebody here who can properly answer them all would be awesome, but I figure I need to have somebody who I can trust, and unfortunately I can not trust the internet).
So anyway, these are my main three questions. Each question comes with a more detailed description of our situation to provide the necessary background to answer the question. My doubts are:
- Is it feasible to contact a tax accountant and have him answer these questions by e-mail.
- What would be a reasonable amount to pay for this information?
- Any other things to take into consideration?
We expect our company to generate ca. $1,000 per month in the first year or so, so it's not easy to pay top-dollar for this kind of information for us.