Nevada: opening a company
The State of Nevada is located in the western United States of America. In the early 90's the state adopted laws on registration of LLCs. The opening of offshore in Nevada is controlled and can be carried out by the Secretary. The main reason why registration or purchase of a company is relevant is the intricate nature of the legislation.
ADVANTAGES OF CREATING AN ORGANIZATION IN THE STATE
There are various advantages to buying a company in Nevada. There are no profit and property charges in this state. In addition, there are no franchise fees as well as no personal income taxes. The anonymity of shareholders is preserved.
Some information about the directors is in the public domain, but may not be associated with personal information. Organizations with limited liability have the right to issue shares to receive capital and services and some types of property. The state provides benefits for certain types of businesses.
ARE THERE ANY DISADVANTAGES
There are some disadvantages to starting a company in the state. The main drawback is the a relatively high registration fee. In addition, you need to obtain a business license to conduct business. It is necessary to regularly submit lists of directors of the organization.
It is necessary to select directors of the company. Data on the members of the corporation will be included in the documentation and will be available on the website of the secretary of the state. Owners of the organization are required to provide their information in corporate documents.
REGISTERING AN LLC
To register a company in Nevada, you need to select a particular business form. There are only a few - LLC, SP, LP, as well as corporation and business trust. Most often, LLC is registered. The structure combines the properties of a corporation and partnership. It is possible to conduct legally - permitted activities in addition to those for which a special license is required.
The name of the company can be in any language, but you need to use Latin letters. The name must be unique, reflecting the organization's form.
There must be at least one participant. There are no requirements for residency. According to state laws, an LLC must have an agent during the registration process and during the operation of the organization. Transactions in financial institutions are confidential and the number of accounts is not limited.
Once the name has been drawn up, it is necessary to submit the articles of association to the Secretariat, appoint an agent, and submit a form to open a firm. State fees must be paid. After that, it is necessary to wait until the information is processed in the Secretary. A confirmation of the processing of the registration application would then be received.
ACCOUNTING AND TAXATION
The organization submits an annual report which stands as a requirement when distributing income to United States residents.
LLC does not pay state and federal income taxes if the company's owners are not U.S. citizens and cannot permanently reside and work in the country. To learn more about the specifics of doing business in the state, please contact our specialists at IT-OFFSHORE.