LLC with a non US resident
Hello Everyone! I'm planning on creating an LLC with a friend who is not a US Resident yet. He has a work permit, a stable job, and a good FICO credit score. The idea is to start buying properties under that LLC.
My question is: how does it work with the process of getting a loan? Is it easier to buy a property under my name and then transfer it to our LLC? Does anyone know how the taxation for the LLC would be? Since he is not a US Resident, is he still able to receive income and pay taxes through the LLC in the US?
THANKS!!