The LLC can be opened in approximately 10 days, however, the EIN (similar to the company’s CNPJ in Brazil) can take up to 30 days to be issued
Here are some costs:
CONSULTING: $ 100 / hour (Reverted in service, in case the client decides to hire Larson Accounting)
The cost of opening an LLC:
$ 850 COMPANY OPENING
$ 150 TAX ID ISSUE OF MEMBERS (Each member)
** $ 300 MAIL BOX (if you want to use our address to receive correspondence)
In case you choose to use our Mail Box, all correspondences are scanned and sent to the owners. In case of hiring the Mail Box in a period other than January, we will charge only one PRORRATA for hiring.
$ 250.00 QUIT CLAIM DEED (transfer of property, if you buy in PF) + Stamp Tax.
The annual cost of maintaining an LLC:
$ 203.75 ANNUAL REPORT (138.75 For the State + $ 65 Fee from Larson Accounting)
$ 150.00 REGISTRATION AGENT
$ 300 (average) INCOME TAX STATEMENT Legal Entity
$ 200 (average) INCOME TAX DECLARATION for Individuals
$ 300 MAIL BOX (if you want to use our address to receive correspondence)
In case you choose to use our Mail Box, all correspondences are scanned and sent to the owners.
LLC, is a Limited Liability Company (LLC) that operates as a partnership, but has members instead of partners and an operating agreement instead of a partnership agreement.
It has the advantage of limiting the members’ liability to the investment made.
Most American states allow a single member to form an LLC. In this case, the entity is taxed as an individual company. LLC entities with more than one member are taxed as companies.
This type of business structure is very popular among small companies, as in addition to being created with little expense, it preserves the material and financial assets of members.
The main reasons why a legal entity should be open are diverse, however, they follow the main ones:
Minimizes Estate Tax or Death Tax as it is known – Rate of up to 40% on the value of the asset of the foreign investor who dies and plus the procedural costs.
For tax reasons, where the investor is favored by a reduction in taxes compared to the individual.
Exclusion from FIRPTA – Retention of 15% of the gross value of the property at the time of sale, as it is a foreign investor.
Corporate Shield – Limited Liability
Extra benefits – Expenses deducted by the company.
We also advise our clients to choose to open a company due to reasonable costs, compared to the benefits acquired.
For that, it is necessary to present a valid passport, and if possible with the Visa of the members and filling in the attached form.
Necessary steps for opening the company:
Company Name Availability Survey
Application for a FEIN – Federal Employer Identification Number (Brazilian CNPJ type)
Preparation of Articles Of Organization
Incorporation of the Company with the State (type of commercial council of the state)
Application for Federal Tax Exemption
Bearing in mind that companies opened in the 2018 accounting year, will be required to declare members’ legal and physical income tax in 2019. For which, a TAX ID – ITIN, personal identification number before the federal revenue is required.