We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use.
Click "here" to read our Cookie Policy. By clicking "Accept" you agree to the use of cookies. Read less
A Limited Liability Company (LLC) is a business structure that combines the limited liability protection of a corporation with the flexibility and tax benefits of a partnership or sole proprietorship.
Limited liability means that the owners of an LLC are not personally responsible for the company's debts or liabilities. Their financial responsibility is limited to the amount of money they have invested in the company.
Forming an LLC in Hawaii provides personal asset protection, simplifies the taxation process, offers flexibility in management structure, and enhances the credibility of your business.
Anyone who wishes to start a business in Hawaii, whether they are a resident or non-resident, can form an LLC as long as they comply with the state's requirements.
To form an LLC in Hawaii, you must file Articles of Organization with the Hawaii Department of Commerce and Consumer Affairs, appoint a registered agent, and pay the necessary fees.
LLCs in Hawaii must file an annual report, pay an annual fee, update any changes to the company's information, and maintain proper records and documentation.
Yes, a single person can own and operate an LLC in Hawaii. It provides the individual with limited liability protection and the opportunity to separate personal and business assets.
LLCs in Hawaii are subject to the General Excise Tax (GET) and may also be liable for federal income tax, depending on their tax classification.
Yes, non-US residents can own an LLC in Hawaii. However, they may have additional tax and reporting obligations in their home country.
Yes, it is possible to convert an existing business, such as a sole proprietorship or partnership, into an LLC in Hawaii. The specific process and requirements should be followed to ensure a smooth transition.
Trusted and secure by over 3 million people of the world’s leading companies
Limited Liability Company Llc With Regard To Limited-liability