Delaware LLC via Firstbase — Argentine SaaS Founders
Delaware LLC is the near-default US structure for Argentine SaaS founders who plan US or crossover VC rounds. YC-track founders convert Delaware LLC to Delaware C-Corp cleanly. Bootstrapped founders should still prefer Wyoming at $290/year less.
US tax: LLC pays $0 federal tax when non-ETBUS with no effectively connected income. Form 5472 + pro-forma 1120 mandatory yearly under IRC §6038A; $25,000 penalty. Delaware franchise tax is a flat $300 plus $50 report.
Argentina side: Bienes Personales taxes foreign LLC equity at 0.5-2.25% tiered brackets; Impuesto a las Ganancias taxes distributions received up to 35% progressive.
Model the full outlay, not just the setup fee
- SetupFirstbase.io setup$399.00
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- AnnualYear 2 renewal$150.00
What the tax authority sees
A Delaware LLC held by an Argentine resident pays no US federal tax when non-ETBUS with no effectively connected income; Form 5472 (IRC §6038A) mandatory yearly plus Delaware franchise tax $300.
BCRA capital controls; USD hedging via US LLC common practice
Delaware is the standard when raising from US or Argentine crossover VC; Wyoming is $290/year cheaper for pure bootstrap.
- 01Form 5472 penalty $25,000 per year (IRC §6038A)
- 02Bienes Personales on foreign LLC equity — 0.5-2.25% tiered brackets
- 03BCRA capital controls constrain funding at official-rate
- 04Impuesto a las Ganancias on distributions received in Argentina up to 35%
From filing to funded bank account
US LLC (Delaware) vs Estonia OÜ (e-Residency)
FAQ
Latin American VCs increasingly accept Delaware LLC or C-Corp; some prefer C-Corp directly for governance. If you plan a Series A round from Kaszek, Monashees, or crossover US funds, structure early as a Delaware C-Corp to avoid mid-round conversion friction.
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