The United States LLC 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.
- Currency: US Dollar
- Language: English
- Type of law: Common Law
- Type of company: Limited Liability Company (LLC)
- Uses: US LLCs are popular vehicles for conducting international business.
- Trading Restrictions: Not subject to US Federal Tax if the members are non-resident, no business is conducted in the US and has no US source income
- Company Name: Restriction: Cannot be in conflict with pre-existing, company within the State. Not allowed to use words such as bank, trust, insurance or reinsurance.
- Language: Any languages that use Latin Alphabet. The state may request an English translation if a foreign language name is used.
- Suffixes: Name should terminate in the words Limited Liability Company or LLC.
- Language of legislation and corporate documents English
- 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.
- Annual license fee: USD165
- Registered Agent/Office: Must maintain a registered office in the state of incorporation at the office of a registered agent.
- Members: Minimum: One
- Publicly accessible records: No
- Disclosure of Beneficial Owner: Not publicly available
- Managers: Can be corporate or natural person
- Nationality: No restriction
- Publicly accessible records: Yes
- Location of meetings: No restriction
- Secretary: Local or qualified: No restriction
- Annual Reporting: Must file annual report along with license fee. No requirement to file accounts.