What happens to my U.S. LLC when I expatriate? Do I have to close it?
I'm a covered expatriate planning to surrender my green card. I own a single-member LLC that generates about $150,000 per year in revenue from U.S. clients. After I expatriate, can I still keep the LLC? Does it change how the LLC is taxed? I've heard that owning a U.S. LLC as a nonresident alien is very different from owning one as a resident. What changes and what stays the same?
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