All Topics / Overseas Deals / PTY vs LLC

Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of JCLJCL
    Member
    @jcl
    Join Date: 2006
    Post Count: 17

    We are setting up an internet marketing business in the US which means buying product in the US and selling it in other countries. We are not sure if we should use our Pty Ltd company in Australia as the entity or if we should set up an LLC in the US. I have an appointment to see a lawyer next week however I am wanting to gain some insight into the matter prior to meeting with him. Does anyone have any experience with this?

    Reagrds

    Claire

    Profile photo of beautybeauty
    Participant
    @beauty
    Join Date: 2008
    Post Count: 1

    If you are internet based I would not use either.

    regards,

    B

    Profile photo of JCLJCL
    Member
    @jcl
    Join Date: 2006
    Post Count: 17

    THanks B, what would you suggest? Can you give me any reasons please?

    Thanks

    Claire

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    A Vanuatu company – keep the profits offshore in a low tax country

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of meakinmaster60meakinmaster60
    Participant
    @meakinmaster60
    Join Date: 2005
    Post Count: 30

    I would use LLC,
    as Pty from my knowledge is only Australian.
     
    Australia is a small market, if you look on the global scale, and more people would be familiar wih LLCt than Pty.

    My confidence is growing with online buying, so if you concentrate on "emphasizing " security etc yu might be on a winner.
    I dont like using sites if the look the lest bit dodgy.

    good luck with it!

    J

    Profile photo of DarverDarver
    Member
    @darver
    Join Date: 2004
    Post Count: 1

    Meeting with a lawyer is the way to go!  Missed your time line on this post, however you'll want to bring up some issue next time you meet.

    LLC v Corp set up and tax advantages
    Off shore transactions/opportunities
    Insomuch that you want want to take advantage of USA good for export as a USA corporation – there are many programs available.  Grants, low interest loans, SBA opportunties

Viewing 6 posts - 1 through 6 (of 6 total)

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