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- USA – Limited Liability Company
- Delaware LLC
- District of Columbia LLC
USA – Limited Liability Company
The United States 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. US 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. US LLCs are popular vehicles for conducting international business.
Procedure to form
Filing of Articles of Organization or Certificate of Formation with the Secretary of State in the preferred state of formation.
Type of Company
Limited Liability Company (LLC)
Restrictions on Trading
Cannot trade within the USA or own real estate there. Cannot undertake the business of banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship, the rendering of investment advice or any other activity that would suggest an association with the banking or insurance industries. Cannot offer its shares for sale to the public.
Powers of Company
An LLC has the same powers as a natural person.
Language of Legislation and Corporate Documents
Shelf Companies Available
Time to Incorporate
Generally one-two days, but must allow an additional 5 – 7 business days for delivery of documentation.
Any name that is identical or similar to an existing company.
Suffixes to Denote Limited Liability
Limited Liability Company or LLC.
Language of Name
Registered Office Required
Yes, must be maintained in the State of incorporation.
Disclosure of Beneficial Ownership to Government Authorities
Classes of Shares Permitted
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.
Annual Report/License Filing Fee
Varies according to the State.
Minimum is one. Managers may be natural persons or bodies corporate from any nationality and need not be US resident.
Minimum is two and must be non US resident/citizen for partnership tax treatment