This form involves the sale of a small business where the real estate on which the Business is located is leased from a third party. This form assumes that the Seller has received the right to assign the lease from the lessor/owner.
Puerto Rico Agreement for Sale of Business by Sole Proprietorship with Leased Premises
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How to fill out Agreement For Sale Of Business By Sole Proprietorship With Leased Premises?
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If your LLC is taxed as a Puerto Rico corporation, you'll need to pay corporate income tax. Puerto Rico's corporate tax rate is 37.5%. However, under the Puerto Rico Incentives Code (Act 60), businesses based in Puerto Rico only need to pay a 4% corporate income tax on goods and services exported from the commonwealth.
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.
Business name and registration Register your business name with the local government where your business is located. If you are a corporation, you will also need to register with the Department of State in Puerto Rico, or with the Department of Corporations and Trademarks in the U.S. Virgin Islands.
Application for Registration CostDescriptionDownload$150.00 o 5.00Foreign Corporation - Certificated of Authorization to do businessDownload$150.00Close CorporationDownload$150.00Professional CorporationDownload$110.00Limited Liability SocietyDownload2 more rows
To officially start your Puerto Rico LLC, you need name your business, appoint a registered agent, and file a Certificate of Formation with the Puerto Rico Department of State. The certificate costs $250 to file and typically takes between a day and a week to process depending on how you file.
The initial cost to start an LLC in Puerto Rico is $250 to register your business with the Department of State. After that, you'll have a yearly recurring cost of $150 for your Annual Fee, which keeps your LLC current with the state.