Glossary
Disregarded entity
A company the tax authority “looks through” — its income is taxed directly to the owner rather than at the company level, as with a single-member US LLC.
A disregarded entity is ignored as separate from its owner for tax purposes: profits and losses flow straight onto the owner's own tax return. A US LLC with a single owner is the classic example — the LLC itself pays no federal income tax; the owner does, wherever they are tax-resident.
Why it matters
Pass-through treatment is why a US LLC is attractive to non-resident founders — no US entity-level tax — but also why it never makes you tax-free: the profit is simply taxed one level up, where you live.
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