Hi, I will be happy to assist you, and it is my goal to make you a very satisfied customer! This may take a few minutes, so thanks for your patience.
Yes, it can if the operating agreement is structured correctly (and you would need to see a local tax attorney for assistance in that regard) and if you can justify paying yourself less than what your business makes. In other words, and in regard to the latter requirement, you would need to be able to prove (if the IRS questions it) that paying yourself $50,000 per year (as an example) is reasonable compensation for the services rendered and that the remaining $70,000 of profit (as an example) is pure business profit and may pass through to you as an owner, not as an employee.
Then you only have to pay self-employment taxes on the $50,000 and not the whole $120,000.
Then you shouldn't have any issues. The LLC is not what really matters -- it's that your LLC must be taxed as an S-corp. An s-corp cannot have a non-resident alien member.
Here is some more information on your initial questions re the tax savings for an LLC taxed as an S-corp:
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).