June 17, 2023

USA LLC Frequently Asked Questions

Written by

Matthew

What is an LLC?

A Limited liability company (LLC) is a business structure that offers limited liability protection and pass-through taxation. As with corporations, the LLC legally exists as a separate entity from its owners. Therefore, owners cannot typically be held personally responsible for the business debts and liabilities.

How can I pay 0% taxes with an LLC?

The LLC allows for pass-through taxation, as its income is not taxed at the entity level; Any LLC income or loss as shown on this return is passed through to the owner(s). The owners, must report the income or loss on their personal tax returns and pay any necessary tax where they have their residency.

Example: If you are a resident in Paraguay, you'll report your LLC profit as foreign income and you won't need to pay taxes.

Why to Incorporate in Wyoming?

Wyoming is a popular corporate heaven due to its lack of taxes and anonymity. Wyoming also has the added benefit of allowing you to hold your shares in a Wyoming LLC or a Wyoming Trust for additional asset protection. This combination of benefits makes our corporations the nation's most desirable.

Why to Incorporate in Delaware?

Delaware doesn't impose income tax on corporations registered in the state which don't do business in the state. Also, shareholders who don't reside in Delaware need not pay tax on shares in the state.

Investors prefer Delaware. If you're going to look for angel investors or venture capital.

What do I need to incorporate an LLC?

To incorporate an LLC you need a company name, business address, registered agent, share count, par value, registered agent and incorporator. Nothing else is required by law to create a corporation.

How long does it take?

24-48h to incorporate.

3-4 weeks to get your EIN (to then open bank accounts both physical and online, payment processors like Stripe, Paypal...)

Is mail forwarding included?

Yes.

Will I have an online dashboard with associated information of my LLC?

For now, you'll have a Google Drive folder with all the incorporation documents and EIN number. One folder per LLC you have with us.

Roadmap: Sep/Oct 2023 will roll out the new Sovereign Lounge (your private dashboard will all services you have with us in one place, including US LLCs)

Can the mail received by the LLC be scanned and uploaded to my dashboard?

Yes.

Can I dissolve the LLC at any point?

Yes.

There are other service providers that do it cheaper. What do you add or do differently?

If you want the cheapest, we are not who you look for.

If you want to be a number in a company that processes thousands of LLCs per day, we are not that business model. If you have a question, you send a message and AI or a human will answer right away—you will not be another "support ticket" to be answered in 24-48h via email.

With us you can have LLCs and all your other sovereign assets, structures, residencies, passports all in one place.

If any day things go south for you, we'll give you legal advice and offer a strong team of lawyers to protect you internationally.

If you are wealthy and value Speed, Premium, Special Treatment, and the comfort of all in one place then you'll see the value in doing business together.

If you are in the "counting pennies" phase of your life and business (as 99% of us have been), it's fine. Our Brand might be a better suit for you in the future.

That's why there are economy class and executive class seats and airlines. Both get you there, but how do you want to reach your destination and be treated as a client?

Do you offer discounts?

Our Brand does not offer discounts.

We are open to adding bonuses, gifts or credits for future services in specific occasions (specially for already clients)

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