US Company Formation |
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If properly structured, US company formation, such as a limited liability company (LLC), is an excellent corporate vehicle through which your business can be conducted. The following information will help you determine whether a US limited liability company is the optimum corporate vehicle for your business: |
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| Advantages of US Company Formation | ||||||
| 1. | A US LLC is a legitimate corporate vehicle located in a reputable jurisdiction. |
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| 2. | Corporate directors are allowed. |
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| 3. | US Company formation, in the form of an LLC, is attractive for foreign investors wishing to take advantage of opportunities the US provides. An LLC can have non-resident shareholders and foreigners can own 100% of a US LLC. |
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| 4. | A Limited Liability Company in the US that does undertake business in the US, or derive any income from within the US, does not need to file a US tax return. If the LLC prefers to be treated as a corporation a tax return needs to be submitted. |
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| 5. | A US LLC has both the advantage of limited liability and benefit of 'flow-through' taxation. This means that the LLC pays no income tax; instead, the owners' directly acquire all income and expenses. | |||||
| 6. | It is easy to open corporate bank accounts all over the world for a US company. |
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| 7. | The US still maintains good confidentiality, despite the US Treasury efforts to fight bank secrecy. |
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| 8. | According to the Heritage Foundation’s 2010 Index of Economic Freedom, the US has the 8th-freest economy in the world. |
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| 9. | A properly structured US LLC can be tax-free for a foreign company or foreign individual outside the US. |
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| 10. | US Company Formation can take advantage of a number of tax treaties between the US and foreign countries. Details of tax treaties can be found on the IRS website. |
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| 12. | The United States is perceived as the 19th least corrupt country in the world, according to the 2009 Corruption Perceptions Index by Transparency International. |
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| Disadvantages of US Company Formation | ||||||
| 1. | A US resident or US citizen will have to pay income tax on the income earned through the company. |
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| 2. | Income and expenses in the US are taxable. |
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| Healy Consultants Fees for US Company Formation | ||||||
| US Company Incorporation costs in Year 1 amount to US$1,900 and annual Company costs in Year 2 and thereafter amount to US$1,100. These fees include i) government License fees ii) registered office for 12 months iii) Company Secretary fees for 12 months and iv) international courier costs. | ||||||
| Healy Consultants fees to act as US nominee shareholder and director amount to US$1,600 (together with a refundable deposit of US$1,100). Company de-registration/liquidation costs amount to US$1,450. | ||||||
| Contact Us | ||||||
For more information on US Company formation, please email email@healyconsultants.com or call us at (+65) 6735 0120. |
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Buy the Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com
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