Complete Guide to Taxes in Florida
Find out about tax rates, exemptions, and how to stay compliant with Florida’s tax requirements to maximize your benefits.
Two out of every three people in Latin America received payments in dollars from foreign companies in the last year. Whether you work as a content creator on platforms like YouTube and OnlyFans, or offer freelance services on sites like Upwork and Fiverr, receiving payments in a strong currency like the dollar makes a significant difference in your income. However, traditional platforms and methods often involve high fees, unfavorable exchange rates, and tax complications, which can significantly reduce your net earnings.
In this blog, we will explain how you can optimize your income by creating a company in the United States and why this option is superior to local alternatives. We will analyze the most used platforms by Latin Americans to receive payments in dollars, the problems associated with these platforms, and how creating a company in the United States can offer effective solutions. Additionally, we will discuss the fiscal and financial benefits of operating through an LLC or a CORP in the United States, comparing them with traditional options.
In Latin America, many people use various platforms to receive payments in dollars. Here are some of the most popular:
While these platforms are useful, they present several drawbacks:
Creating a company in the United States, whether an LLC or a Corporation (CORP), offers numerous advantages for optimizing the receipt of payments in dollars. Here are the key benefits:
By creating a company in the United States, you can open a commercial bank account in dollars. This eliminates currency conversion fees and reduces fees for international transactions.
With a company in the United States, you can access advanced financial services that are not available to individuals. This includes commercial bank accounts with better conditions and corporate credit cards.
An LLC or CORP offers personal liability protection, separating your personal assets from the business assets. This protects your finances in case of legal disputes or business problems.
Companies in the United States can take advantage of a wide range of tax deductions and planning strategies that are not available to individuals. This can significantly reduce your tax burden.
Operating under a commercial entity in the United States adds credibility to your business. This can attract more clients and partners, improving your growth opportunities.
Having a company in the United States facilitates the expansion of your operations globally. You can establish offices in other countries and access international markets more easily.
Creating a company in the United States is a relatively straightforward process and can be managed entirely online. Here are the main steps:
For content creators and freelancers in Latin America, receiving payments in dollars efficiently and profitably is crucial. While traditional payment platforms are useful, creating a company in the United States offers numerous benefits that can optimize your income and simplify financial management. From lower fees to better asset protection and tax optimization, an LLC or CORP in the United States is an investment worth considering to maximize your success in the global market.
At Prodezk, we offer personalized service at every step of the way, ensuring a hassle-free experience and a successful registration for your business in the U.S.