Various corporate structures facilitate the transaction of assets while protecting them (and, of course, also the people involved). One of the most common ways to do this is by creating a Limited Liability Company (LLC) or Limited Liability Company.
This type of company is not subject to tax information exchanges with other countries since its main characteristic and use is that it enables international payments that do not involve tax rates. Therefore, it is a very reliable tool that guarantees the privacy of each of the members.
Another interesting fact is that it is not mandatory to present monthly reports either. Only two conditions are required to maintain the account (in an LLC, it is important to have a bank account that accompanies it): make a report on the company’s status and submit a Form.
The best LLC service 2021 is the one that allows everything to be carried out under regulations established in the country and makes sure that the client is getting exactly what he needs. Additionally, applications supported by the qualified network are valued more in many nations. It is a way to have more peace of mind because the companies that provide these consultancies have years of experience.
There are many advantages to setting up an LLC important to be aware of when looking to start an offshore company. Here are its main characteristics:
- Personal Debt Protection: Your business debtors cannot affect you personally
- Professional Debt Protection: The LLC is the only type of company that prevents personal lawsuits and debtors from winding up your business in response to a judgment.
- No limit on associates: you can have as many associates as you want in an LLC in the USA (natural and/or legal persons).
- Flexible management of the company: the manager can be a partner or a third party.