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A Tax-Exempt Alternative For Non-US Residents
US Limited Liability Company Formation
Limited Liability Company Incorporation
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 LLC’s 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 LLC’s are popular vehicles for conducting international business.
Key Corporate Features
|Type of entity:||LLC|
|Type of law:||Common|
|Shelf company availability:||Yes|
|Our time to establish a new company:||2 days|
|Minimum government fees (excluding taxation):||Varies|
|Corporate taxation:||Fiscally transparent|
|Double taxation treaty access:||Normally No|
Share capital or equivalent
|Standard currency:||Not applicable|
|Permitted currencies:||Not applicable|
|Usual authorised:||Not applicable|
Directors or Managers
|Publicly accessible records:||On formation|
|Location of meetings:||Anywhere|
|Publicly accessible records:||Varies by state|
|Location of meetings:||Anywhere|
|Local or qualified:||Not applicable|
|Requirement to prepare:||Yes|
|Requirement to file accounts:||No|
|Publicly accessible accounts:||No|
|Requirement to file annual return:||Yes|
|Change in domicile permitted:||Within USA only|
LLC Information Procedure to Form
Filing of Articles of Organisation or Certificate of Formation with the Secretary of State in the preferred state of formation.
Shelf Companies Available
Yes, for recommended states
Registered Office Required
Yes. Must be maintained in state of incorporation/formation at the office of a professional registered agent
Anything identical or similar to an existing company within the state of formation.
Additionally, the use of bank, trust, insurance or reinsurance within the name of the LLC is generally prohibited in all 50 states. This is because limited liability companies in most states are simply not allowed to engage in a banking or insurance business.
Language of Legalization and Corporate Documents
English. If any other language is used it must be accompanied by a translation in English
Language of Name
The name can be in any language. Some recommended states require an English translation.
Suffixes to Denote Corporation
Limited Liability Company and Limited Company or their abbreviations LLC or LC
Time to Incorporate/Form
Generally 2 days, but must allow an additional 5 – 7 business days for delivery of documentation.
SLP as a participant
Because it has separate legal personality, the SLP can also be used in funds or other structures which require ‘persons’ to be members. A common example of this is the use of the SLP as a carried interest partner. A ‘carried interest partner’ facilitates the filtering of a percentage of the profits of the main fund to the fund manager. An example of a structure is in this diagram.
The above structure comprises a main funds vehicle which is a limited partnership (and could be a SLP). The SLP is itself made one of the limited partners in the main funds vehicle. This is only possible because the SLP has separate legal personality: limited partnerships registered in other jurisdictions could not fulfil this function. The fund manager is one of the limited partners of the SLP. The profits from the main funds vehicle filter through to the SLP and from there to the fund manager (how and when this happens is determined by the limited partnership agreements). As the SLP is tax transparent, the fund manager is taxed directly on the profits it receives.
Why Global Premier?
What separates us from our competitors is that our services don’t end with the registration of your company. We offer a wide range of additional services others can’t or just won’t offer, such as lifetime free support.
Whilst most providers either specialise on personalized consultation at relatively high rates or run bulk registration factories without any support, we want to offer the positive aspects of both types.
Therefore Global Premier combines professional advice, worldwide registration services, reasonable fees, customized order processing, lifetime support and fast processing. Where others see company formation services as a bulk registration with no support and no individual assistance, we do care about your business needs.
Should you have any question or matter
You would like to discuss or clarify with us
Should you like to receive further Information
About our services and fees, …
Our multi-lingual team of business advisors is happy to assist you with all upcoming questions and issues in relation to your company.
You may call or email us, and we will be happy to assist you in a fast and efficient manner.
You can also come and visit us at our Limassol offices to discuss issues face to face if you prefer. Just arrange an appointment and we will be happy to meet with you.