Their service is good on a technical level but they have the most aggressive and obnoxious sales reps. They scammed me twice with open lies on the phone (probably abusing also the fact that german is not my mother tongue) and had to fight for ages with their customer service later to get the issue resolved.
If you wanna go with them, buy on their website and hang up if anyone from 1und1 ever calls. They are official 1und1 reps and they will prove it you yet behave like scammers.
DT called me on phone over and over again, so much that I had to block them on my FritzBox. Several times they even knocked at my door.
So if your LLC collects $200/months and pays $100 for operations, you need to provide both positions to the German tax authorities, not just the $100 pro-forma profit.
They treat the LLC as "shell company" unless you have an office and can document that the business decisions are made there (because you are there a decent amount of time or have a hired manager and you just a shareholder).
US authorities have to report to the German authorities that you own an LLC, not the fiscal details, but the business facts.
If you are successful in your business, and your LLC is really making money, you can reduce your taxation duties in your current home country if you move abroad for half a year. If you don't stay longer than 182 days in one country, you are not taxable (except US citizens). This is also true if you move within the EU every couple of months. Of course this is not easy and comes with a lot of expenses and mental load (you MUST leave a country or you will have to tax everything their AND you have to document your stays carefully).
The LLC works great if you do that. The German GmbH does not. Hence starting an LLC can make sense if you plan to start this nomadic lifestyle. Owning a property (home) causes tax residency in Germany, so this is another story to take care of, if you are lucky enough to own something.
> NVIDIA GPU with 24GB VRAM (RTX 3090/4090)
That's a little bit to much for my trusty notebook...
long: It depends.
If you are a foreigner, e.g. no US resident, you are fully taxable with your US LLC profits in your country of residence, e.g. let's say Germany. There is no way to get a tax discount or any other simple magic hack. However, if your lifestyle allows, to become a digital nomad (not living in a single country for more than 183 days) in theory you may operate tax-free (only sales outside of US, domestic US sales are taxable). The big benefit of a US LCC in this case is, that it's 100% trustworthy limited liability company that does not automatically enforce taxation residency for you individually and can be operated from anywhere in the world. No UAE, no Caribbean islands shell companies needed, that ring all bells and will keep business away.
Let's say a small side hustle earns me $200/month. The money is kept on the LLC's bank account. Later on, when I visit the US, the LLC is paying for traveling and hotel. Would I still need to pay taxes in my country of residence?
(Even though you probably aren't a lawyer, I'd still appreciate your thoughts on this).
Books really shouldn't be turned into brands. If you're going to have someone who's not the author revise a book, they should put the revisor's name on the cover as one of the authors.
Maybe I've just been lucky so far, but as an Aussie it is hard to overstate the fact it is even possible to travel almost anywhere within the country and between several other countries by train for fairly cheap is already quite miraculous to me. Yeah, I've run into a fair few issues and it was annoying but that goes for every country I've been to (Japan had the least by far but trains still get delayed there more often than people think and I've also run into situations as in TFA where if I didn't speak Japanese things would've ended up worse).
I'm not sure I'd even put DB in my "bottom three" in terms of overall experience. Should it be much better? Of course. But if you listen to Germans it sounds like DB is the worst train network in the universe by a clear margin, and that's just obviously not true.
(Sorry, I'm probably one of the few HN users left that don't have much experience with AI).