International Tax IssuesAnswered

I am in Colombia. Should I fix the payee setup before worrying about the perfect bookkeeping system?

MC
mateo_co_7e9esubscriber
December 31, 2024 1,680 views 1 answer
colombiapayee-setupno-treatyu.s.-llcplatformsbookkeeping

I am still early with my U.S. LLC and only recently realized some platforms are using the wrong legal payee details. I can already feel myself going down a bookkeeping rabbit hole, but my adviser says the first fix is simpler: get the payee story right before polishing the accounting system.

Because Colombia is a no-treaty country, I want to know if that prioritization is even more important for me than it would be for a treaty-country founder.

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