Puerto Rico Business Start-up Checklist
Description
How to fill out Business Start-up Checklist?
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Ready to Start an LLC in Puerto Rico?Name Your LLC.Submit LLC Certificate of Formation.Write an LLC Operating Agreement.Get an EIN.Open a Bank Account.Fund the LLC.File reports + taxes.
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 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.
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.
To officially start your Puerto Rico LLC, you'll need to file a Certificate of Formation with the Puerto Rico Department of State and pay the $250 fee. First, you must choose a company name and appoint a registered agent for your LLC.
The fee for filing the authorization to do business in Puerto Rico for a corporation is $150. For limited liabilities companies the filing fee is $250.
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.
In Puerto Rico, there are no special legal requirements to form a sole proprietorship, but owners need to obtain an EIN from the IRS and register for taxes using the Puerto Rico Department of Treasury's SURI portal.
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.
The Department of State requires you to file a Certificate of Incorporation with your company in Puerto Rico after you appoint a registered agent, choose a name, and file the necessary paperwork. The filing process can be done online or by mail. It costs $150 to file a certificate.