US LLC's

[scottyb]

Are these totally useless will anyone outside the US open an account with them for non US persons.

[slogold]

There are still banks that open accounts

[GWPro]

Originally Posted by scottyb

Are these totally useless will anyone outside the US open an account with them for non US persons.

Actually for non-Americans a properly structured US LLC can be an excellent tool for privacy and asset protection.

Ironically the US is the largest tax haven in the world, just not for Americans. There are some very good reasons for having a US LLC, but each person's circumstance is different.

I also have banks that can open accounts for non-Americans who own US LLCs.

[scottyb]

maybey but being fiscally transparent (apparently) I would have reservations about using them for tax purposes.

On the other side of the coin those UK companies aren't being shunned by 99% of banks outside of the US. Better to use one of them as it a good jurisdiction (not Seychelles or Marshall islands) and easy as to put a dormant company form in each year. Also the cost of maintaining these exotic companies is ridiculous.

[GWPro]

Originally Posted by scottyb

maybey but being fiscally transparent (apparently) I would have reservations about using them for tax purposes.

On the other side of the coin those UK companies aren't being shunned by 99% of banks outside of the US. Better to use one of them as it a good jurisdiction (not Seychelles or Marshall islands) and easy as to put a dormant company form in each year. Also the cost of maintaining these exotic companies is ridiculous.

As previously stated, each situation is different and the circumstance must be judged individually. In your case maybe it isn't the best solution, but your original questions was;

"Are these totally useless will anyone outside the US open an account with them for non US persons. "

And the answer to that question is "no", they are not "totally" useless.