AvP-consulting
Rome – Italy
Telephone: +39(328)162.0531
Fax: +39(06)233.241.949
Email: alexander.vonpinoci@poste.it
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Incorporation
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Incorporation |
Incorporate
your business!
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LIMITED LIABILITY COMPANY (LLC) Especially recommended for non resident aliens where
the main business activity of the company is outside of the United
States. An LLC is a non taxable entity. It in effect and LLC is
treated like a partnership and all gains and losses are passed through
directly to its members. Non U.S. residents are not taxed on income
produced outside of the United States. The LLC is governed by an
Operating Agreement. Operating
manager or member managed No board
of directors Run like
a partnership but with limited liability for members Restrictions
on the transfer of shares apply Company
pays no taxes GENERAL CORPORATION Recommended when there will be more than 30
stockholders, i.e. such as a company planning a private offering of
stock. A general corporation is allowed a broad spectrum of
flexibility. Three
tiers of power – stockholders, directors, officers Clear
separation of rights and responsibilities No limit
to size Directors
run the company Directors
are elected by the stockholders Stockholders
own the company Minority
stockholders are not responsible for the company Company
can be a subchapter “S” if all stockholders qualify CLOSE CORPORATION This is a variation of the general corporation,
where the stockholders, directors and officers, are typically the same people
and where they desire to remain a small tight-knit group. Restricted
to no more than 30 stockholders Cannot
“go public” Eliminates
board of directors Stockholders
take on directors’ responsibilities Stockholders
manage the company directly Restrictions
on the sale or transfer of stock Corporation
may be run like a partnership with all corporate benefits Provisional
director may be appointed to settle disputes Can be a
subchapter “S” if all stockholders qualify NON-STOCK CORPORATION This is a form of corporation suitable for
charitable or religious organizations, homeowners associations, political
organizations, trade associations, and community organizations. It is
owned by its members because it has no stockholders. The members are
defined in the by-laws, as well as the qualifications for membership.
If you are forming a non for profit company dedicated to religious,
charitable, scientific, testing or public safety, literary, or educational
purposes, or to foster national or international amateur sports competitions,
for the prevention of cruelty to children or animals, then you want to start
with a non stock corporation and apply to the IRS for your 501(c)(3) approval.
Personal gain is prohibited in a non-stock non profit corporation. Board of
directors run the company Voting
members elect the board of directors May be
structured to have a self-perpetuating board ITALIAN LIMITED LIABILITY COMPANY (SRL) Especially recommended for non resident aliens who
wish to establish a business presence in the European Union. The SRL is
governed by an Operating Agreement. Operating
manager or member managed No board
of directors Run like
a partnership but with limited liability for members Restrictions
on the transfer of shares apply Required
capitalization €10.000,oo Company
pays taxes LINKS Incorporate in Nevada Incorporate in Wyoming Incorporate in Delaware FEES § Non binding advise via email or telephone is free! § Actual cost plus job rate of €60,00 (Euro) per
man-hour, plus VAT when applicable. |
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