My LLC only holds U.S. dividend stocks. Why am I seeing withholding if I am not running a U.S. business?
I am in the UK and use a Delaware LLC as a holding vehicle for a U.S. equity portfolio. The account mostly holds dividend-paying stocks. There are no employees or active business operations. I expected the LLC to be simple because it is basically just an investment account.
What confuses me is that dividends are still showing withholding. I want to understand how I can have withholding without necessarily being treated as a U.S. operating business.
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