Majority of Income from Family-Owned Company
My income for France visa (micro-entrepreneur) purposes is primarily a small, long-time family publishing °µÍø½ûÇø in the USA. There are no clients, and income is from royalties and product sales. This °µÍø½ûÇø will continue, and I’d like to verify that relying on income from a USA °µÍø½ûÇø that I co-own is okay and will not result in complications once I move to France.
Current State
The family °µÍø½ûÇø is a USA partnership in which I am one of three equal partners/owners. Profits pass through to the partners who declare the income on their personal tax returns. I perform extra work for the partnership for which I receive a US 1099 form separate from the equal partner split. My combined income from these two is about US$30,000.
Separate from the family °µÍø½ûÇø, I am building up a computer consulting °µÍø½ûÇø where I hope to have more than one client (I had only one in 2025).
Future State
No time frame yet, but the family is working on converting the USA partnership to a USA LLC where I would be one of two equal owners. We have not yet decided how we will be taxed on the USA LLC income. I plan to continue to perform the extra (1099) work. The other partner will remain in the USA.
So the questions are:
1. Does USA Partnership partner-share income qualify for micro-entrepreneur requirements?
2. Does USA Partnership 1099 income qualify for micro-entrepreneur requirements?
3. Does USA LLC owner-share income qualify for micro-entrepreneur requirements?
4. Does USA LLC 1099 income qualify for micro-entrepreneur requirements?
5. Does the USA LLC owner income or 1099 income need to be taken a certain way in the USA for France micro-entrepreneur and/or taxation purposes?
6. Are there any French complications with a USA partnership or USA LLC?
7. Is it okay that 100% of my income will be from the USA?
8. If I need to consult an accountancy firm, can you please recommend one that can also prepare my personal US and France tax returns?
Thank you Valerie!
