Frequently Asked Questions Concerning Forming A European Business
EuropeanBusinessFormations.com offers introductory answers to frequently asked questions about company formations, fees and taxes, registration, and other services that we offer Office. Click on a FAQ Question below to view answers relating to your selection. Links throughout the answers will guide you to further information on our website or from other sources. Should you have any further questions, please consult our Contact Us page.
You will need to if you wish to set up a bank account offshore or if you need to show these documents for legal contracts outside of the U.S.
The bank may require a certificate of good standing for a US company to ensure that the company is legally up and running and has not been in default.
Yes,you will need to authorise shares of stock as part of the American Company Formation process. If you do not know how many shares to authorise, we will authorise the number that will keep the state filing fee and annual fee at a minimum.
Banks are required under money laundering legislation to identify the beneficial owner who ultimately owns the company.
If a shareholder is a legal entity – banks will require additional due dilligence information, ie. certificate of incorporation and articles of incorporation (company from any jurisdiction) – if any jurisdiction other than the US and UK. We will need an English translation of the documents notarised and apostilled. (US and UK will need to be apostilled too but without the translation obviously…)
No, a lawyer is not necessary to incorporate your business. As a matter of fact, we assist many lawyers and accountants in the US Company Registration process. However, we do recommend speaking to an attorney prior to incorporating for legal or tax advice.
Delaware corporations and LLC’s are filed the same day you place the order and receipt of paperwork is approximately 7-10 business days. In most other states, the filing time is 2-3 business days with receipt of documentation in approximately 10 business days.
In most states, a corporation must end in Inc., Incorporated, Co., Company, Corporation, Corp., Limited, Ltd., Syndicate, Union or Foundation. An LLC can end in Limited Liability Company, LLC, L.L.C.
A registered agent is a person or corporation that resides in the state of incorporation. The duties of a registered agent include receiving and forwarding of service of process, annual reports and/or franchise tax forms. State laws require corporations and LLC’s to have a registered agent in the state of incorporation. We have a nationwide network of agents and can act as registered agent for every state.
Since every business is unique in nature, we recommend that you consult a lawyer or tax advisor for advice on your US Company Registration options.
Delaware corporations must pay an annual franchise tax/report fee and registered agent fee. These fees are billed on January 1 and due by March 1 of each year. Delaware LLC’s must pay a flat LLC tax and our registered agent fee of . The LLC’s fees are billed on April 1 and due by June 1 of each year. Please call our office for billing information on other states.
Owners limit their liability to the amount they invest in the corporation. Generally, directors, shareholders and officers cannot be held personally liable for claims or debts against the corporation. A corporation can raise capital through the issuance of stock. There are also tax deductible benefits for a corporation.
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