LLC formation US and UK
Why Your Business Needs Strong Establishing
At ITEX Technology, we offer comprehensive services for LLC formation in both the United States and the United Kingdom. Whether you are an entrepreneur starting a new business or expanding your operations internationally, our team can guide you through the process of establishing a Limited Liability Company (LLC) in these jurisdictions.
We provide comprehensive guidance and support throughout the LLC formation process, it is essential to consult with legal and tax professionals to ensure compliance with local regulations and obtain personalized advice based on your specific circumstances.
What Services We Offer?
LLC Formation in the United States And United Kingdom:
Entity Selection: We assist you in determining whether an LLC is the right entity structure for your business based on your goals, ownership structure, and liability preferences.
Name Reservation: We conduct a comprehensive name search to ensure the availability and uniqueness of your desired LLC name.
Articles of Organization: We prepare and file the Articles of Organization, which is the foundational document required to form an LLC.
Operating Agreement: We help you draft an operating agreement, which outlines the rights, responsibilities, and ownership structure of the LLC.
Employer Identification Number (EIN) Application: We assist with obtaining an Employer Identification Number (EIN) from the Internal Revenue Service (IRS).
State Compliance Requirements: We guide you through the state-specific compliance requirements, such as annual reports, taxes, licenses, and permits.
Registered Office and Statutory Records: We help you establish a registered office address for your UK LLC and maintain statutory records, including the register of members, register of directors, and the register of people with significant control (PSC register).
Value Added Tax (VAT) Registration: If your UK LLC meets the criteria for VAT registration, we can assist with the VAT registration process.
Check out our work
Take a peek inside our Wonderworld
Keeping Your Brand Online With Strong Establishment
We provide comprehensive guidance and support throughout the LLC formation process, it is essential to consult with legal and tax professionals to ensure compliance with local regulations and obtain personalized advice based on your specific circumstances.
Partner with ITEX Technology for professional assistance in LLC formation in the United States and the United Kingdom. Our expertise and knowledge will help you establish a legally compliant and well-structured LLC, setting the foundation for your business success.
FAQ
An LLC, or Limited Liability Company, is a business structure that combines the limited liability protection of a corporation with the flexibility and tax advantages of a partnership or sole proprietorship. It provides personal liability protection to its owners (known as members) by separating their personal assets from the business’s liabilities.
In the USA:
Choose a state: Select the state where you want to form your LLC. Each state has different requirements and regulations.
Choose a name: Select a unique name for your LLC that complies with the state’s naming rules and is not already in use.
File formation documents: Prepare and file the necessary formation documents, typically known as the Articles of Organization, with the state’s Secretary of State office.
Obtain an EIN: Obtain an Employer Identification Number (EIN) from the IRS for tax purposes.
Create an operating agreement: Although not always required, it is advisable to create an operating agreement that outlines the ownership and operating procedures of the LLC.
Comply with ongoing requirements: After formation, fulfill any ongoing requirements such as annual reports, state taxes, and maintaining proper records.
In the UK:
Choose a name: Select a unique name for your LLC that complies with the Companies House naming rules and is not already registered.
File incorporation documents: Prepare and file the necessary incorporation documents, such as the Memorandum of Association and Articles of Association, with Companies House.
Appoint directors and shareholders: Appoint directors and shareholders for the LLC. At least one director is required.
Register for taxes: Register your LLC for taxes with HM Revenue and Customs (HMRC).
Comply with ongoing requirements: After incorporation, fulfill any ongoing requirements such as filing annual accounts, annual confirmation statements, and maintaining proper records
Forming an LLC provides several benefits, including:
Limited liability protection: LLC owners’ personal assets are separate from the company’s debts and liabilities, providing personal liability protection.
Flexible management structure: LLCs offer flexibility in structuring management and ownership, allowing members to define roles and responsibilities according to their preferences.
Pass-through taxation: In both the USA and the UK, LLCs often have pass-through taxation, meaning the business’s income and losses pass through to the owners’ personal tax returns, avoiding double taxation.
Credibility and professionalism: Operating as an LLC can enhance the credibility and professionalism of your business, potentially attracting more clients and business partners.