Puerto Rico Business Incorporation Questionnaire

State:
Multi-State
Control #:
US-Q1019
Format:
Word; 
Rich Text
Instant download

Description

This form addresses important considerations that may effect the legal rights and obligations of the parties during the process of incorporating a business. This questionnaire enables those seeking legal help to effectively identify and prepare their issues and problems. Thorough advance preparation enhances the attorney’s case evaluation and can significantly reduce costs associated with case preparation.



This questionnaire may also be used by an attorney as an important information gathering and issue identification tool when forming an attorney-client relationship with a new client. This form helps ensure thorough case preparation and effective evaluation of a new client’s needs. It may be used by an attorney or new client to save on attorney fees related to initial interviews.


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FAQ

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. This is valid regardless of what it is called, but the law says that they must be written.

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.

Does a Puerto Rico corporation need a business license? Most businesses will need a license. If you plan to engage in any business in a Puerto Rico municipality, you'll have to get a Patente Municipal licensea municipal tax license.

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. This is valid regardless of what it is called, but the law says that they must be written.

To order a Puerto Rico Certificate of Good Standing we require the company name and if available the Company Registration number. Once the Certificates of Good Standing has both been prepared and electronically signed by the Secretary of State they will be emailed through.

Under General Corporation Law, a foreign corporation or a limited liability company must register with the State Department of Puerto Rico before conducting business locally.

Business opportunities in Puerto Rico ready for investmentManufacturing. Puerto Rico's highly-developed industrial base means it is an ideal location for establishing manufacturing operations.Import/Export.Tourism.Real Estate.

You can find information on any corporation or business entity in Puerto Rico or another state by performing a search on the Secretary of State website of the state or territory where that corporation is registered.

How to Incorporate 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.

More info

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Puerto Rico Business Incorporation Questionnaire