UK Limited Company to USA

[KChildress]

Hey all,
I am a US Citizen, and have a Limited company in UK that is registered in USA as a disregarded entity. I am hoping to move my business to the USA and would love some tips from the legal and taxation side of things. A few more specific questions. Would it be an acceptable expense to use business profits to buy property in the USA in terms of taxation benefits? Second, any basic tips on timing of transitioning the business ni terms of my businesses tax year to reduce tax burden and remove risk of double taxation.

Thanks

 

[NickZ]

I have a Limited company in UK that is registered in USA as a disregarded entity.

How large is that LTD? Directors,Capital and so on.

 

[KChildress]

How large is that LTD? Directors,Capital and so on.

Only two shareholders, very small single person business. Has 6 figures in capital but below 250k a year turnover.

 

[NickZ]

There is an article about that here: www.upcounsel.com/buying-a-house-with-an-llc
Do you actually live in the USA?

 

[KChildress]

Do you actually live in the USA?

No, currently living and running business in UK, just looking to expand it to UK. Would it be possible to use UK profits and expense a purchase of USA property against company? From my research I'd guess no, but not sure.

 

[NickZ]

No, currently living and running business in UK, just looking to expand it to UK. Would it be possible to use UK profits and expense a purchase of USA property against company?

Usually you need to be established in the country you plan to purchase property.
How about buying a LLC with the LTD 1st?