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2018	4.8 Satisfied (156 Votes)
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How much does it cost to start a business in Puerto Rico?

How much does it cost to start a Puerto Rico corporation? Puerto Rico charges a flat $150 to file a Certificate of Incorporation as a for-profit corporation. Hire us for a one-time fee of $375, including the Department of State filing fees, a year of registered agent service, and more.

How are LLCs taxed in Puerto Rico?

Limited liability companies (LLCs) are generally taxed as corporations. Accordingly if an LLC is organized under the laws of Puerto Rico it is taxed as a domestic corporation and if organized under the laws of any other country, including the United States, it is taxed as a foreign corporation.

How do I set up myself as a corporation?

How to Form a Corporation in 11 Steps Choose a Business Name. An important first step when starting a corporation is selecting a business name. ... Register a DBA. ... Appoint Directors. ... File Your Articles of Incorporation. ... Write Your Corporate Bylaws. ... Draft a Shareholder Agreement. ... Hold Initial Board of Directors Meeting. ... Issue Stock.

Can you have an LLC in Puerto Rico?

Limited liability companies (LLCs) are becoming the preferred method of doing business in Puerto Rico. LLCs may be organized by any natural or legal person by filing articles of organization (also referred to as the certificate of formation) in the Puerto Rico State Department.

How do I start a LLC in pr?

First, you must choose a company name and appoint a registered agent for your LLC.... Name Your LLC. ... Designate a Registered Agent. ... Submit LLC Certificate of Formation. ... Write an LLC Operating Agreement. ... Get an EIN. ... Open a Bank Account. ... Fund the LLC. ... File State Reports & Taxes.

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How do I file a corporation in Puerto Rico?

To start a corporation in Puerto Rico, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Certificate of Incorporation with the Department of State. You can file online or by mail. The certificate costs $150 to file.

How do you form a corporation in Puerto Rico?

To start a corporation in Puerto Rico, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Certificate of Incorporation with the Department of State. You can file online or by mail. The certificate costs $150 to file.

What is the process of forming a corporation?

7 Steps to Forming a Corporation Choose a business name. A new corporation cannot legally have the same name as any other corporation. ... File articles of incorporation. ... Write up corporate bylaws. ... Appoint a board of directors. ... Issue stock if you wish. ... Prepare for taxation and regulation. ... Do business.

Can a US company do business in Puerto Rico?

A U.S. company that wishes to do business in Puerto Rico may choose to either form a new subsidiary entity or register an existing company. In order to determine the best option, the company should consult an attorney familiar with tax laws and the company's business activities and structure.

How much does it cost to open an LLC in Puerto Rico?

Filing and forming an LLC in Puerto Rico requires a $250 filing fee. Under Puerto Rico law, an LLC uses a limited liability company agreement, or LLCA, to govern the internal affairs and administration of the LLC.

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