Virgin Islands LLC Agreement - Open Source
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How to fill out LLC Agreement - Open Source?
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In order to do so you require: Name and Address of Applicant. Nationality. Company Name (if applicable) Word, mark, logo, or stylized word mark. Class and a description of goods or services. Power of attorney or document empowering agent to act for the purpose of registration of trademark.
Any trademark to be registered in the USVI must already be fully registered in the United States. For any application in the USVI, the applicant must provide to the USVI Division of Corporations and Trademarks a Certified copy of the corresponding United States Certificate of Registration.
To start a business in the U.S. Virgin Islands you will need to obtain a business license from the Department of Licensing and Consumer Affairs (DLCA). DLCA will complete the "One Step" review process with the following government agencies: Police Department. VI Bureau of Internal Revenue (tax clearance)
Unlike most US states, the USVI requires corporations to have a minimum of three directors, three officers, a president, treasurer and secretary. Corporate directors are not allowed. Stock must also be registered and there is a minimum capital requirement of $1,000.
To start a business in the U.S. Virgin Islands you will need to obtain a business license from the Department of Licensing and Consumer Affairs (DLCA).
The process involves: A trademark search. Identifying the relevant trademark class. Filing an application with the USPTO. Engaging a U.S.-licensed attorney (for non-U.S. entities). Application review. Publication in the Official Gazette. Final registration.
An operating agreement should include the following: Percentage of members' ownership. Meeting provisions and voting rights. Powers and duties of members and management. Distribution of profits and losses. Tax treatment preference. A liability statement. Management structure. Operating procedures.
US Virgin Islands is not a tax haven or offshore jurisdiction, but USVI companies (or corporations) could be established as "USVI Exempt Companies" with partial or full exemption from local and US federal income taxes.