United States LCC

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.

Key Corporate Features and Requirements

• Type of entity: LLC
• Type of law: Common
• Shelf Companies Available: Yes
• Time to establish a new company: 5 days
• Minimum government fees (excluding taxation): Varies
• Corporate taxation: Fiscally transparent
• Double taxation treaty access: Normally No

• Standard currency: USD$             
• Directors or Managers
• Minimum number: One
• Local required: No
• Publicly accessible records: On formation
• Location of meetings: Anywhere

• Minimum number: One
• Publicly accessible records: Varies by state
• Location of meetings: Anywhere
• Company Secretary
• Required: Yes

• Requirement to prepare: Yes
• Audit requirements: No
• Requirement to file accounts: No
• Publicly accessible accounts: No

• Requirement to file annual return: Yes
• Change in domicile permitted: Within USA only