All the characteristics of a company in the USA
The company
General characteristics of a company in the USA
Company type: Limited Liability Company (LLC) registered in the State of Florida.
Permitted activities: The company may engage in any activity except banking, insurance, and financial activities (such as currency exchange). Managing funds for third parties is not permitted. Certain activities require a professional license (lawyer, doctor, etc.).
Local registered agent: Our company is the “Registered Agent” and will therefore be your company’s agent.
Existing companies available (shelf/ready-made companies): Not available.
Language used for documents: English.
Company name: In English.
The main players in society
The Director (Manager)
Eligibility: Any natural person (individual), regardless of nationality. No nominee service.
Minimum number of directors: One (with the possibility of appointing several).
Register of directors: Accessible to the public.
Requirement to have a local director: Not required; they may reside anywhere in the world.
The member (Member)
Minimum number of shareholders: One.
Maximum number of shareholders: Unlimited (be aware of the tax implications in this case!).
Eligibility: Any individual (private person - no age limit) or legal entity (company), regardless of nationality. No nominee service.
Shareholders' register: Accessible to the public.
Requirement to have a local shareholder: Not required; they may reside anywhere in the world.
Shares and share capital
The Company Interests (Interests)
Minimum number of shares: One.
Maximum number of shares: Unlimited.
Bearer shares: Not permitted.
Share Capital (Capital Interest)
Permitted currency: USD only.
Minimum capital: USD 1. It is usually USD 100.
Maximum capital: No limit.
Release of capital: The capital must be deposited into the company's bank account when it is opened (in cash or by bank transfer; it must be the first credit transaction on the company's account).
Administration, accounting and bank account
Company administration and accounting
Maintaining accounting records: It is mandatory to maintain accounting records, as they will be used for the tax return (even if the company is not taxable in the USA). We put you in touch with a third-party accountant, it being understood that we have no access to your accounting records, either directly or indirectly, and no control over or visibility into the management of your company.
Annual audit of the accounts: Not required.
Supporting documentation for expenses and revenue: All expenses must be recorded and supported by documentation.
Company balance sheet to be submitted to the Authorities: Not requested directly by the Authorities, but it will be used for the tax return.
Audit report to be submitted to the Authorities: Not requested by the Authorities.
Bank account
Bank account location: May be located anywhere.
Possibility of having a bank account in the USA?: Yes.
Banks offered in the USA: Contact us for the list of available banks.
Internet Banking: Yes (for all banks).
Bank account currencies: USD and multiple currencies for some banks.
Authority and access to the company's bank account: You are the ONLY person with access to the company's bank account. We have no signing authority, access, or visibility into your accounts. The banking relationship, if accepted, is solely between the bank and you.
Bank card: Visa or MasterCard debit and/or credit card.
Exchange controls: No.
Remote bank account opening: Yes, with certain banks.
Deposit required when opening the account: Min. USD 100 to be deposited into the account upon opening.