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Old 23-09-2006, 10:24 AM
albert albert is offline
Senior Member
 
Join Date: Aug 2006
Posts: 48
Default US Ownership and tax

Hi folks,

I am considering further purchases in the US and have a few questions, hoping you can give your two cents worth.

Is an EIN number also known as a Federal Tax ID number?

Can anyone recommend a company to setup an LLC for me?

Can the LLC borrow money to finance deals? If so, can anyone recommend a bank. broker?

If I lodge a tax return in the US do I need to pay the flat rate of withholding tax of 30% (I've read that expenses cannot be deducted in this instance) or do I pay the rate a normal LLC would and pay the difference to the ATO when I bring the money back to Oz?

Would it be wise to have my Oz Trust or my individual name as owner of the LLC?

Heavy stuff, I hope you can help!

Thanks
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