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-   -   Tiktok Shop for International Residents (https://www.aspkin.com/forums/general-platform-discussions/152789-tiktok-shop-international-residents.html)

Rom Tittenhouse 09-16-2024 05:55 PM

Tiktok Shop for International Residents
 
Hoping someone can help me here. I tried to open a tiktok shop account as a Canadian - but it's not offered here. I explored opening a seller account in USA using an LLC based in USA, but it still wants the personal information of "primary business person" including name, DOB, address (in USA), SIN or ITIN, and it makes it clear that this person is the one who is operating the business and asks for their % ownership of the company also. Maybe it will even ask for ID on the next step... Is it not possible to operate as a foreigner with an American LLC? Did the requirements change, or am I missing something?

agent006140 09-17-2024 06:57 AM

Re: Tiktok Shop for International Residents
 

SaiJin 09-17-2024 09:15 AM

Re: Tiktok Shop for International Residents
 
Quote:

Originally Posted by Rom Tittenhouse (Post 1247241)
Hoping someone can help me here. I tried to open a tiktok shop account as a Canadian - but it's not offered here. I explored opening a seller account in USA using an LLC based in USA, but it still wants the personal information of "primary business person" including name, DOB, address (in USA), SIN or ITIN, and it makes it clear that this person is the one who is operating the business and asks for their % ownership of the company also. Maybe it will even ask for ID on the next step... Is it not possible to operate as a foreigner with an American LLC? Did the requirements change, or am I missing something?

You can operate it as a foreigner but it'll need an itin.

agent006140 09-17-2024 10:59 AM

Re: Tiktok Shop for International Residents
 
His US agent must have a US physical address to receive mail and then
US tax implications of starting an LLC as a foreigner
As a non-resident LLC founder, you’ll want to have an idea of the tax implications that come with forming an LLC. The following are some LLC tax implications you should consider.

US tax reporting requirements: By default, your LLC is not a separate taxable entity. But as an owner, you’ll need to file your Form 1040-NR every year and declare the profits you earned from the LLC.
Withholding tax: The US tax code imposes a 30% withholding tax on non-residents who receive certain types of passive US-sourced income, such as interest and rent.
Effectively Connected Income: Typically, non-residents only pay tax on income that is “effectively connected” to a US trade or business. This includes gains from the sale of real property. These are generally treated as effectively connected income and come with capital gains tax obligations.¹
Related Party Disclosure Requirements: Some LLCs may have additional reporting requirements, including those with at least one foreign owner who owns at least 25%.


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