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USA Limited Liability Company (LLC) Information

 

Key Company Features

Type of entity

LLC

Type of law

Common

Shelf company availability

Yes

Our time to establish a new company

2 days

Minimum government fees (excluding taxation)

US$200

Corporate taxation

Fiscally transparent

Double taxation treaty access

Normally no

Share capital or equivalent

Standard currency

Not applicable

Permitted currencies

Not applicable

Minimum paid up

Not applicable

Usual authorised

Not applicable

Directors or Managers

Minimum number

One

Local required

No

Publicly accessible records

On formation

Location of meetings

Anywhere

Members

Minimum number

One

Publicly accessible records

No

Location of meetings

Anywhere

Company Secretary

Required

Not applicable

Local or Qualified

Not applicable

Accounts

Requirement to prepare

Yes

Audit requirements

No

Requirement to file accounts

No

Publicly accessible accounts

No

Other

Requirement to file annual return

Yes

Change in domicile permitted

Within USA only

For More Information or to Buy a company please click here

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Setup and Maintenance Costs

Incorporation (Setup) Costs - US$1,200 (+ US$600 nominee director if required)
The fee is all inclusive, no hidden costs.

Annual Maintenance Costs - US$700 (+ US$600 nominee director if required)
The fee is payable after the first year and covers annual taxes, registered agent (and nominees). No hidden costs.

All our companies come in a deluxe corporate "attache kit", which is all inclusive and ready for use document kit.

Our corporate kits are delivered with the following documents:-
- Certificate of Formation in English (Notarized and legalized by Apostille)
- Appointment of First Directors / Nominee Directors (if applicable)
- 1 Power of Attorney (when a nominee director is appointed)
- Director´s resignation (when applicable)
- Minutes and / or board resolutions when requested
- Corporate seal

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Company Information

The USA LLC is not a partnership or a corporation. It is a distinct business entity that offers an alternative to partnerships and corporations by combining the corporate advantages of limited liability with the partnership advantage of pass-through taxation. USA LLCs with non-resident members and which conduct no business in the US and which have no US-source income are not subject to US federal income tax and are not required to file a US income tax return. USA LLCs are popular vehicles for conducting international business.

Procedure to form
Filing of Articles of Organisation or Certificate of Formation with the Secretary of State in the preferred state of formation.

Language of Legalisation and Corporate Documents
English. If any other language is used it must be accompanied by a translation in English.

Registered Office Required
Yes. Must be maintained in state of incorporation/formation at the office of a professional registered agent.

Shelf Companies Available
Yes, for recommended states.

Name Restrictions
Anything identical or similar to an existing company within the state of formation. Additionally, the use of bank, trust, insurance or reinsurance within the name of the LLC is generally prohibited in all 50 states. This is because limited liability companies in most states are simply not allowed to engage in a banking or insurance business.

Language of Name
The name can be in any language. Some recommended states require an English translation.

Suffixes to Denote Corporation
Limited Liability Company and Limited Company or their abbreviations LLC or LC

Time to Incorporate/Form
Generally 2 days, but must allow an additional 5 - 7 business days for delivery of documentation.

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Compliance

US Federal Taxation
US Limited Liability companies structured for partnership tax treatment with non-resident members and which conduct no business in the US and which have no US-source income are not subject to US federal income tax and are not required to file a US income tax return.

State Taxation
US limited liability companies that conduct no business in the recommended states of formation with non-resident members are generally not subject to state income tax and are not required to file a state income tax return.

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General Information

 

Annual Report/Licence Fees
US$200 due on the 1st June each year.

Financial Statements
There is generally no requirement to file financial statements with the state of formation unless the corporation owns assets within that state or has conducted business within that state.

Directors/Managers
Normally one.

Shareholders/Members
Normally one.

.

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We offer Company formations in all major offshore jurisdictions.

 

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