I'm leaving the U.S. permanently and keeping my LLC — what are the tax implications?
I've been living in the U.S. for 6 years on a work visa and I own an LLC that provides consulting services. I'm moving back to India permanently. I don't have a green card so I won't trigger the exit tax, but I want to keep the LLC for my U.S. clients. What tax implications should I expect? How does my LLC go from being a 'regular' domestic entity to a foreign-owned one? And will I owe more tax or less tax going forward?
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