US Companies
- 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. |
Name Restrictions |
Any name that is identical or similar to an existing company. |
Suffixes to Denote Limited Liability |
Limited Liability Company or LLC. |
Language of Name |
Latin alphabet. |
Registered Office Required |
Yes, must be maintained in the State of incorporation. |
Disclosure of Beneficial Ownership to Government Authorities | Classes of Shares Permitted |
Membership units. |
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. |
Annual Report/License Filing Fee |
Varies according to the State. |
Managers |
Minimum is one. Managers may be natural persons or bodies corporate from any nationality and need not be US resident |
Company Secretary |
Optional |
Members |
Minimum is two and must be non US resident/citizen for partnership tax treatment |