An offshore corporation, also referred to as an International Business Company or Offshore IBC, while Both structures provide the same level of asset protection but are treated differently the tax code. An offshore Limited Liability Company is tied to its members as a pass-through entity for U.S. tax purposes. A sole member offshore LLC is treated as a disregarded entity for the IRS. This investment and asset protection structure has simplified U.S. reporting requirements and will reduce your annual maintenance costs with the IRS if selected.