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  • Company Formation in Florida (USA)

     

    COMPANY FORMATION INCL. COMPLETE DOCUMENTATION

    With Privacy Management Group you will receive a complete LLC-Company-Kit after company formation, which already includes all the important documents for your Florida LLC. Without any additional costs!

     

    MULTILINGUAL AND COMPREHENSIVE ADVICE

    Privacy Management Group with its multilingual advisers, speaking your language, does not only make company formation easy and convenient but offers continuous support and advice enabling you to run your business while we run your errands.

     

    BANKING FOR YOUR FLORIDA LLC

    Opening business accounts for US entities is usually very difficult for non-residents. Through our partner in the USA however, we are now able to offer you a Full-Banking-Service... Further >

     

    NO HIDDEN COSTS

    With us you can set up your Florida LLC in a legally secure and seamless manner. Additionally, you will have a personal contact person at your disposal before and after the formation of your company.

    Information on the Florida LLC in detail

    We have summarised all the relevant information on Florida as a location for you on this page. Here you will find, in addition to information on the suitability and structure of a Florida LLC, a comprehensive description on the advantages as well as other relevant information.

    We are available any time to answer your questionsContact.

    • Profits earned by a Florida LLC are not taxed at the level of corporation tax in the USA but fall under ‘personal taxable income’ of the LLC shareholders.
    • The Florida LLC is the most flexible as well as probably the most advantageous business model in the USA. The bureaucratic effort is minimal for the company as there is no need for financial reports.
    • The shareholders (members) of the LLC are liable through their financial contribution.
    • It is obligatory for the shareholder to be a natural or legal person, although he/she does not need to be resident in the USA and can also act as director.

    Form 5472 (foreign owned US disregarded entities)

    Is there an obligation for the tax-free model of the LLC in the USA to submit Form 5472?

    The submission of Form 5472 is obligatory if you make transactions from the LLC bank account to a so-called ‘related party’. A ‘related party’ refers to persons who are closely related to the owners of the LLC such as parents, siblings or grandchildren, as well as entities in which members of the LLC have a majority stake.

    Additionally, the submission is absolutely mandatory, should a member make a capital contribution to the LLC or pay costs of the LLC ‘privately’.

    If such transactions or payments are not made it is generally not necessary to submit Form 5472.

    We are of course at your disposal should you have further questions related to this subject.

    Type of company: Limited Liability Company (LLC)
    Name: The company name ends in ‘LLC’
    Capital: During company formation it is not necessary to include any share capital.
    Shares: Company shares in percent.
    Legal basis: Florida Secretary of State is the responsible authority and companies are regulated under the Florida Corporation and Business Law.
    Registered agent: Yes, a local registered agent (provided for you as part of our service)
    Registered office: Yes, a local registered office (provided for you as part of our service)
    Entry into the official register: Entry into the company register, which is not publicly accessible.
    Shareholder (member): At least one shareholder is necessary with no restrictions on nationality. The names of the shareholders are not publicly disclosed.
    Director: At least one director is necessary. Names of directors are publicly disclosed.
    Formation period: Approx. 4-8 working days.
    Disclosure of the actual owner: No
    Disclosure of shareholders: No
    Public disclosure of directors: In this area we can offer you the option of a Full-Trustee-Service.
    Taxation: Profits earned by a Florida LLC are not taxed at the level of corporation tax in the USA but fall under ‘personal taxable income’ of the LLC shareholders.
    Double taxation treaty: Yes
    Tax returns: Yes
    Bookkeeping: Yes
    Annual report: Yes
    Notice: Yes, can only be verified by a licensed US tax advisor.

    Information on Florida LLC in detail

    REQUIREMENTS FOR THE FORMATION OF A FLORIDA LLC

    For the formation of a Florida LLC we require a copy of your passport, as well as a copy of a current utility bill (water, electricity, or mobile phone) to carry out the residence identification procedure.


    STRUCTURE OF THE FLORIDA LLC

    The Limited Liability Company in Florida is a relatively recent business model. Amongst other things, it distinguishes itself through the limited liability of its shareholders (members).

    Legal Notices

    Privacy Management GroupFZ-LLC regularly checks and updates the information on its websites. Despite all due diligence, it is possible that some facts have changed in the meantime. It is therefore not possible to assume liability or provide any guarantee as to the relevance, completeness or correctness of the information provided. The same applies for all other websites that are accessed through the hyperlinks provided. Privacy Management GroupFZ-LLC is not responsible for the content of websites that are accessed through these links. Furthermore, Privacy Management GroupFZ-LLC reserves the right to make changes or additions to the content provided. In addition to the content and structural copyright protection rights of Privacy Management GroupFZ-LLC websites, the reproduction of information or files, in particular the use of texts, extracts or images, is prohibited without the prior written consent of Privacy Management GroupFZ-LLC.

    None of the content on any of the Privacy Management GroupFZ-LLC web pages represents an individual recommendation nor is it to be understood as an invitation to trade, default or purchase. Privacy Management GroupFZ-LLC also explicitly points out that you should seek advice from experienced tax consultants and/or lawyers, in particular for any cross-border activities. In principle, any income generated domestically or internationally is subject to taxation. It is solely your responsibility to fulfil your domestic and/or international tax obligations appropriately. Privacy Management GroupFZ-LLC does not accept liability under any circumstance. Additionally, our General Terms & Conditions as well as our Data Protection Provisions and Legal Details apply.

    Asset Protection

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of Panama, it makes sense to have at least local managing directors/directors in Panama. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in Panama. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in Panama on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in Panama are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 740.00
    Registered agent annually USD 245.00
    Registered office annually USD 245.00
    Corporate franchise fees annually USD 300.00
    annually

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in the Seychelles. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in the Seychelles on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in the Seychelles are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 190.00
    Registered agent annually USD 210.00
    Registered office annually USD 210.00
    Corporate franchise fees annually USD 190.00
    annually

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of the Seychelles, it makes sense to have at least local managing directors/directors in the Seychelles. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of ‘location of decision-making power’. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides. .

    Should you intend not to take on the position of local manager/director, despite having an investor visa, we can provide you with the appropriate trustee-service that will manage this position for you – a nominee is a natural person residing in the UAE. Similarly, should you not wish to officially appear as a shareholder of your Freezone-company in RAK, even in this case we can satisfy your requirements through the use of an appropriate Nominee-company. Let’s talk about it, we are at your disposal!

    CFC-Management Packages

    The international CFC-Rules are of particular importance when a Panama company wants to, for example, send invoices to companies based abroad.

    Each country implements CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through ‘denied business expenses’ in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.

    CFC Management Packages

    The international CFC-Rules are of particular importance when a Seychelles company wants to, for example, send invoices to companies based abroad.

    Each country has implemented the CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through "denied business expenses" in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.