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The LLC (Limited Liability Company) is an American legal form equivalent to the Société à Responsabilité Limitée. It offers many advantages to entrepreneurs wishing to set up a business in the United States.
Creating an LLC in the U.S. offers an attractive solution for entrepreneurs, as it enables them to create a highly flexible business.
What's more, by opting for an LLC, you can limit your personal liability, which means your personal assets are protected in the event of financial or legal problems related to the business. This provides additional financial security for entrepreneurs.
The LLC offers the possibility of preserving the anonymity of partners and protecting their assets. By choosing this structure, you can protect your personal assets from the company's creditors.
In addition to the initial set-up, it is essential to consider the costs associated with the ongoing maintenance of an LLC. It is important to take into account annual renewal fees, as well as the annual reports that must be submitted to the relevant authorities.
However, despite these costs, the flexibility, limited liability protection and tax advantages offered by the LLC make it an attractive choice for many entrepreneurs.
Expert LLC USA is here to support you throughout the life of your LLC. From the initial formation to the ongoing management of your company, our team of U.S. business law experts is ready to provide you with the support you need.
It is possible to set up an American LLC without having to contribute share capital, i.e. without any initial investment. The funds invested by the partners can be considered as partners' current accounts.
The partners can also be remunerated for the company's debts to them, and the interest paid can be deducted from their taxable income. This treatment of capital contributions therefore offers significant advantages for a US LLC.
To register your company in the U.S., you must hire a "Registered Agent". This professional is authorized by the U.S. authorities to act as your company's legal representative.
It is possible to register your U.S. entity for a relatively small fee, often just a few hundred dollars. It's important to note, however, that not all professionals are created equal, and offer different levels of support.
Expert LLC USA offers comprehensive support in setting up your LLC in the USA. We prepare the necessary legal documents, register the LLC and provide ongoing support. With our expertise, you can set up your U.S. business with confidence.
To keep your LLC in good condition, it's important to consider several recurring costs.
Firstly, each year, on your company's anniversary date, it is necessary to renew your company. This renewal entails a fee of $250.
In addition, annual reporting requirements vary from state to state. You'll need to submit an Annual Report to the appropriate authority. This may entail filing fees ranging from $9 to $800 per year, depending on the state you choose.
In addition, it is vital to meet the deadlines for filing your company's tax returns. The period for submitting tax returns for the year 2023 will begin in January 2024.
These declarations are sent to the IRS and are invoiced by our services at a flat rate of $649 per year. It is imperative to comply with these tax obligations in order to avoid any delays or penalties, and to remain in conformity with current legislation.
Expert LLC USA helps you manage the recurring costs associated with your LLC. We help you renew your company each year and submit the required annual report. In addition, we assist you in preparing and submitting your tax returns to stay in compliance with current legislation.
From an accounting point of view, it's important to note that most U.S. states do not require financial statements to be filed. This means that it is possible to set up an accounting system without necessarily calling on the services of a chartered accountant.
However, it should be pointed out that, according to the French tax authorities and above certain thresholds, the taxpayer is supposed to keep double-entry accounts and draw up annual financial statements for his company in the United States.
When it comes to expenses deductible from taxable income, an LLC offers some interesting flexibility, provided you know which expenses are deductible and which are not. A good understanding of the rules governing expense deductions is therefore crucial to optimizing your LLC's tax situation.
The Expert LLC USA team can put you in touch with a competent accountant. An experienced accountant can help you set up your accounting in compliance with the required tax standards.
