Transparent Taxation and Banking Facilities
Thanks to an appropriate legal structure in place, you will be able to benefit from the best tax optimization. Your accountant will file your taxes with the US Internal Revenue Service every year. From a fiscal point of view, your structure is generally transparent since taxes are paid to the US tax system based on the prorated level of participation in the structure and its proceedings. Indeed, creating an LLC allows one not to pay the 10% FIRPTA withholding taxes—based on sales prices—in the event of an asset transfer. A structure helps to avoid such difficulties while offering a framework to acquire real estate. It is also important to mention that, through such legal structure, the owner is not held personally liable in the case of company debts.