USA Limited Liability Companies

Incorporation services in all states

Jurisdictions informations

We can incorporate your LLC (Limited Liability Company) in any of the US 50 States at your option. Please see report on Section “Prices and Quotations / USA”.

Key corporate features

Local requirements

• Registered Office/Agent – Yes
• Company Secretary – N/A
• Local Directors – No
• Local meetings – No
• Government Register of Directors/Managers – No
• Government Register of Shareholders/Members – No

Annual requirements

• Annual Return – No
• Submit Accounts – No, but see section on tax

Recurring government costs

• Minimum Annual Tax / License Fee – Varies
• Annual Return Filing Fee – Varies

Overview

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.

Compliance

Ultimate Beneficial Owners (UBO)
Mandatory Registration in the USA

The United States has now aligned with numerous other nations, requiring corporate transparency through the reporting of Ultimate Beneficial Ownership (UBO).

The Corporate Transparency Act (CTA) came into force in the United States. Initial concerns were raised regarding the UBO provisions of the CTA, prompting the Financial Crimes Enforcement Network (FinCEN) to release definitive regulations.

These regulations became effective by the Treasury's Financial Crimes Enforcement Network
(FinCEN), on January 1, 2024.

When should I report Beneficial Ownership?

A reporting entity established or registered for business before January 1, 2024, has until January 1, 2025, to submit its initial report on beneficial ownership information to FinCEN.

Newly formed entities are required to fulfill this obligation promptly upon incorporation, and all entities must undergo annual certification.

These obligations are applicable to both domestic reporting companies (those established by filing documents with a U.S. state, such as corporations or LLCs) and foreign reporting companies (established under the laws of another country and registered to operate in the U.S. by submitting documents to a U.S. state).

Exemptions from UBO requirements

• Large operational companies
•  Businesses operating in highly regulated sectors (such as banks,
  insurance providers, etc.)
• Subsidiary companies wholly owned by other exempt organizations
• Entities that did not engage in active business or possess significant
  assets in the 12 months leading up to January 1, 2020.

Will this UBO information be publicly accessible?

It is important to note that UBO information will not be publicly disclosed.

Violation of UBO reporting requirements can result in civil or criminal sanctions, including civil fines of up to $500 per day of violation, and criminal fines of up to $10,000 and/or imprisonment for up to two years, or both.

Please let us know if you have any questions. We look forward to the opportunity to work with you.