Consultation for US Taxes and Company Formation

Posted 4 weeks ago

Worldwide

Summary

I am looking for an experienced U.S. tax and business-entity structuring expert to recommend the best legal structure for a new U.S. company with two owners. Here are the facts: * There are two founders. * One founder is a blind U.S. citizen residing in Fort Worth, Texas. * The other founder is a UAE citizen residing in Abu Dhabi, UAE. * The U.S. founder will be responsible for promoting, selling, and growing the business. * The UAE founder built the product and will be responsible for development. * We want to set up one company in the United States where both founders are owners. We have already discussed and agreed on how equity and net profits will be split. I am NOT looking for advice on negotiating ownership percentages or profit sharing. What I need is a clear recommendation on the best U.S. company structure for this situation, with the goal of legally paying the least amount of taxes and maximizing the after-tax profit each founder keeps. Specifically, I want to know whether the company should be structured as an LLC, partnership, C Corporation, S Corporation, or another U.S. entity type. Your answer should explain: * Which U.S. entity type you recommend and why. * Whether the UAE citizen can legally be an owner under that structure. * How the U.S. citizen will be taxed. * How the UAE citizen will be taxed. * Whether the owners would pay self-employment tax, federal income tax, payroll tax, corporate tax, withholding tax, or any other relevant U.S. taxes. * How distributions, salaries, owner draws, dividends, or guaranteed payments would work under your recommended structure. * How this structure affects the amount of net profit each founder actually keeps after taxes. * A sample tax comparison showing approximately how much tax would be paid, and how much each founder would keep, if the company had annual net profits of $10,000, $50,000, $100,000, and $150,000. * The UAE founder's share of the profits will be distributed from the U.S. company to the UAE on either a monthly or annual basis. Will transferring those profits to a UAE resident create additional U.S. taxes, withholding requirements, reporting obligations, or other legal or tax consequences? * Would it be more tax-efficient or otherwise advantageous for the UAE founder to have the money sent to him personally or to his UAE company? I want you to analyze the facts, choose the structure you believe is best, explain how taxation works under that structure, explain why you rejected the other entity types, and answer my follow-up questions until I fully understand your recommendation. Before applying, please let me know: * Your background in U.S. business entity taxation. * Whether you are a CPA, tax attorney, enrolled agent, or have equivalent professional experience. * Whether you have previously advised U.S. companies with both U.S. and non-U.S. owners. Feel free to ask me all the questions you need. If you're hired, we will have one session where you explain your proposal and one more only where I ask follow up questions. Our meetings will not be for you to gather information. Ask me your questions now. I'll respond promptly as many times as you need. You start the moment you're hired. And I need an answer on the same day. I am in a hurry.

  • $40.00

    Fixed-price
  • Intermediate
    Experience Level
  • Remote Job
  • One-time project
    Project Type
Skills and Expertise
Mandatory skills
Tax Law
Tax Preparation
Activity on this job
  • Proposals:Less than 5
  • Last viewed by client:3 weeks ago
  • Interviewing:
    1
  • Invites sent:
    0
  • Unanswered invites:
    0
About the client
Member since Apr 13, 2012
  • United Arab Emirates
    Abu Dhabi10:15 PM
  • $30K total spent
    377 hires, 6 active
  • 1,358 hours
  • Tech & IT
    Individual client

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