Structure LLC A limited liability company - is a combination of partnerships and corporations, combining the advantages of these structures. The reason for the growing popularity of the LLC among businessmen is that the company combines the type of corporation and the universality of the partnership. This means that the company itself does not pay tax on profits. Founders of companies pay only income tax on that income, which he lists the LLC with the amounts received, in accordance with a prior agreement.
Unlike a corporation, an LLC is exempt from double taxation of income (corporate tax and tax on dividends). This allows foreign owners and corporations to avoid paying taxes by registering an LLC in one of the states of the USA. LLC is not obliged to provide a federal declaration or a declaration of state of the Income Tax Act. With proper tax qualification company may be exempted from paying taxes.
Reporting and the requirements of the law
Law of the LLC does not provide for reporting. In the Memorandum and Articles of Association of the Company you must provide information about the company. Minimum reporting makes LLC a confidential organization. Investors or businessmen, who prefer to maintain the confidentiality of its business, can easily do so.
Tax Regime
In the U.S. there are two types of income tax. The first type of income tax - federal. All companies are required to pay this tax. The second type of income tax - state. The state determines the size of the tax. The amount of tax for the LLC in Delaware, Washington (DC) and New York State is equal to zero, which gives a great advantage of such companies.
LLC, owned by non-residents and not carrying on activities in the United States, do not pay taxes in the United States.
Characteristics of an LLC registered in the U.S.
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Delaware |
NY |
Washington |
|
Tax |
0 |
0 |
0 |
|
Annual license fee |
$ 100 |
0 |
$ 100 |
|
Director |
Minimum 1 |
Minimum 1 |
Minimum 1 |
|
Founders |
Minimum 2 |
Minimum 2 |
Minimum 2 |
|
Disclosure of directors |
No |
No |
No |
|
Disclosure of information about the founders |
No |
No |
No |
|
The registered office in the U.S. |
Yes |
Yes |
Yes |
|
Annual Reports |
No |
No |
No |
|
Availability of bearer shares |
No |
No |
No |
|
Corporate directors |
Yes |
Yes |
Yes |
|
The presence of the Secretary |
Optional |
Optional |
Optional |
|
Resident Director |
No |
No |
No |
|
Standard authorized capital in protest |
Optional |
Optional |
Optional |
|
Providing an annual declaration |
No |
No |
No |
|
Provision of financial reports |
No |
No |
No |
|
Restrictions for the trading and doing business |
Companies, registered in the United States have no right to conduct business related to banking operations and all types of insurance |
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|
Company |
Company name must end with the words "Limited Liability Company" or the appropriate abbreviation "LLC" or "LLL" |
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|
Limited Liability Company Standard order |
Limited Liability Company with Nominee Services |
|
$ 1,050.00 |
$ 1,850.00 |
|
Standard order The documents/services which are provided to the client are:
Price - $ 1,050.00 includes:
|
Standard order with Nominee Services: The documents/services which are provided to the client are:
Price - $ 1,850.00 includes:
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For more information on the procedure for registration, timing and cost of the company in the U.S., you can check with our specialists by phone +357 22 680602 or send e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
