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U.S.A. is the third-largest country in world in population and it is the fourth
largest country in area. The U.S. is comprised of the 50 states and the District
of Columbia, home to the nation's capitol, Washington DC. U.S.A is a federal republic
bound by the U.S. Constitution. Each of the 50 constituent states and DC exercises
a measure of internal self-government.
| TYPE of company |
Genaral Corporation |
LLC |
| Political Stability |
Excellent |
|
| Law |
Common |
|
| States |
Delaware |
Delaware |
| |
Wyoming |
Wyoming |
| |
Nevada |
Nevada |
| |
Oregon |
Oregon |
| Suffixes to denote |
Corporation, Incorporated, Limited, Company, Fund, Institute Club,
Association |
Limited Liability Company, Limited Company, LLC |
| Minimum numbers of Shareholders/Members |
One |
One / two |
| Minimum numbers of Directors/Managers |
One |
One |
| Disclosure to beneficial Owners |
No |
No |
| Requirement for local Directors/Managers/Meetings |
No |
No |
COMPANY FORMATION
Procedure to form:
Corporation: Filing of the Articles of Incorporation or Certificate
of Incorporation with the Secretary of State in the preferred state of incorporation.
LLC: Filing of the Articles of Organization or Certificate of Formation
with the Secretary of State in the preferred state of incorporation.
Name restriction:
Corporation: Anything identical or similar to an existing company within the state
of incorporation. Additionally, the use of bank or trust within the name of the
corporation is prohibited in all 50 states without first obtaining consent from
the banking authorities in the state of incorporation. Suffixes to denote: incorporated,
Corporation, Limited, Company or their abbreviations Corp., ltd. Some of recommended
states allow other suffixes such as Fund, Foundation, Syndicate, Club, Society
and Institute.
LLC: banking, trust, insurance or reinsurance within the name of
LLC is generally prohibited in all 50 states because LLC in most states are simply
not allowed to engage in a banking or insurance business. Suffixes to denote:
Limited Liability Company and Limited Company or their abbreviations LLC or LC.
LLC are the newest form for operating a business. LLCs enjoy the
limited liability of a corporation and pass-thru tax treatment of a partnership,
where the individual members (owners) take the tax liability to their personal
tax returns. When setting up an LLC, it is extremely important to keep in mind
the requirements to take the advantage of the LLC`s special considerations. LLC
are different from corporations in that they may choose the favorable tax treatment
as a partnership.
Registered office is required and must be maintained in state of
incorporation/formation at the office of the professional agent.
ANNUAL REPORT / LICENSE FEES
Corporations:
| State of Formation |
Franchise Tax |
Report FEE |
Due Date |
Time to incorporate and delivery |
| Delaware |
US$ 30 |
US$ 20 |
March 1 |
10-14 days |
| Nevada |
N/A |
US$ 85 |
Anniversary |
4-5 weeks |
| Wyoming |
N/A |
US$ 50 |
Anniversary |
4-5 weeks |
| Oregon |
N/A |
US$ 30 |
Anniversary |
14 days |
LLC:
| State of Formation |
Fee |
Due Date |
Time to incorporate and delivery |
| Delaware |
US$ 120 |
June 1 |
10-14 days |
| Wyoming |
US$ 100 |
January 2 |
4-5 weeks |
| Oregon |
US$ 30 |
Anniversary |
14 days |
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