Foreign earned income exclusion for an LLC

Hello!

 

I am currently employed with a company and I live overseas, so I'm familiar with the foreign earned income exclusion (FEIE).

 

Next month, I will be leaving my employer to become a freelance consultant and am considering registering as an LLC. If I remain overseas (using the physical presence test) but have clients in the US, would I still be able to qualify for the FEIE? I wasn't sure how it works when you have your own business. Does the income earned depend on where you physically are when you earn it, or where your clients are based?

 

Thank you so much!