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 >
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, which even accompanies you to the US bank in person. Alternatively, we can offer you a certified service through Privacy Management GroupLtd. in Cyprus that will support you throughout the account opening process with a suitable FinTech company. An account for your Florida LLC with Privacy Management Group is now ‘again’ possible.
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 questions: Contact.
- 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|
|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).