I understand that it's permissible to work on Upwork as a freelancer through an LLC. However, I'm curious about the implications of owning only 50% of that LLC. Is it still acceptable to operate on Upwork under such an arrangement? I've noticed that many U.S. expatriates form LLCs where they own only a 50% share to sidestep U.S. GILTI (Global Intangible Low-Taxed Income) tax obligations.
Additionally, is there a minimum ownership percentage required to work under an LLC on Upwork?
Thank you for your guidance.
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