A Limited Liability Company (LLC) is a corporation with limited liability, similar to a "S" corporation, yet with several significant differences. One major difference Email Database is that it requires at least two persons to form an LLC. The owners need not be U.S. citizens or U.S. taxpayers. This is the easiest way to form a company. o How much capital is required? The Email Database minimum requirement is US$100.00 (one hundred dollars).This would work out for example, $1 value per share for 100 shares. The capital requirement may depend upon the type of company and its circumstances.
Must the owner live in the United States? No. A person can ask an incorporator to form the corporation without being in the U.S. The incorporator can sign the Email Database articles of incorporation. The president and secretary must sign the shares giving ownership to the Email Database shareholders. Later the shareholder can sign documents at the required annual meeting. o Identification and tax registration Social Security numbers are available only to U.S.
Citizens, Green Card holders or people holding a U.S. visa which allows them to legally work in the US. Others may apply for a Taxpayer ID Number from the Internal Revenue Service if they must file a U.S. tax return. The application must be signed by an officer of the Email Database new corporation. If that person does not have a Social Security Number, then a copy of the foreign passport must be attached to the application. If the corporation will sell products to Email Database the general public, it must also apply for a Sales Tax Number from the State Department of Revenue and collect sales tax.