Weekly Wrap-Up 2023 - Week 34
Index 1 ⭐ Monday, August 21, 2023 - Sunday, August 27, 2023TLDR: 42loops studio, LLC ✅
Worked on
⭐ Continue to work on articles for momo.coach with demo videos 14/29
⭐ After relooking on how to create a UG in Germany, I rechanged my mind. I do not want to see a german notary that will not care. I prefer doing all online. So let do a Delaware LLC!
⭐ Submitting application to create a Delaware single member LLC with Stripe Atlas on Wednesday, approved the same day!
⭐ Taking 3 days to understand the tax system in the US, and what I need to do:
So, if I understand: with a single-member LLC in Delaware and you an alien in Germany. You pay the franchise tax $300 and send Form 1120 (just few parts) and Form 5472.
— Paul Panserrieu (@42loops) August 25, 2023
And of course declare your income/loss in your german tax declaration.
did I miss something?#buildinpublic
⭐ Opened a US bank account with Mercury