UK LLP - US member

I need to understand the transparencey on a UK LLP as well as a UK limited company where I tick the box.  I need to set up a UK entity.  I would like for the profits and losses of the UK entity to flow through to the underlying member(s) some of whom will be U.S. residents.  My question is will the losses from a UK LLP flow though to the "U.S resident" members?

 

Also if I set up a Limited Company and "tick the box" will the profits and losses flow through the the U.S. resident members. Under this structure the UK residents will not get the benefit of flow through profits and losses but will pay a corporate tax?

 

Thank You

Tom

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Tom - A UK LLP is a body

David Treitel |