United States LCC

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


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

Share capital or equivalent

Standard currency: USD$
Permitted currencies:
Minimum paid up:  
Usually authorised capital:  

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

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