American Samoa Launches Online Limited Liability Company (LLC) Portal

american samoa flag

US Flag

American Samoa Launches A New Portal To Facilitate The Creation Of LLC in the United States of America

PAGO PAGO, AMERICAN SAMOA, UNITED STATES, May 28, 2022 / — American Samoa is thrilled to announce the launch of its new online portal designed to facilitate the process of setting up a Limited Liability Company (LLC). The American Samoa’s “LLC Online Portal” will help potential business owners and entrepreneurs conveniently create LLC in a simple, quick, and cost-effective way. One of the amazing perks is of using the “LLC Online Portal” in American Samoa is that it allows anyone to start an LLC in the state with all the same – or, at times, even better – tax benefits and asset protection as those found in Delaware, Wyoming, or Nevada. However, depending on the legal and financial aspects of the organization, they may still have to comply with state-specific requirements.

An LLC is a US business structure that combines the flexibility, simplicity, and tax advantages of a partnership structure with the personal liability protection of a corporation. The primary benefit of making an LLC is that it shields participants from liability and offers unique tax benefits. These benefits enhance wealth-saving and creation opportunities for owners. In the event of a legal dispute or bankruptcy, the owner’s personal assets, such as bank accounts, retirement accounts, homes, and cars, cannot be considered company assets. Despite the benefits that accompany setting up an LLC, the process is usually fairly challenging and time-consuming without streamlined and effective processes. In most cases, some people do not know how to start an LLC because it involves federal and state fillings and plenty of documentation.

Although many business guides outline the process people need to follow it can still be quite challenging for budding entrepreneurs to get everything right. But, fortunately, the new “LLC Online Portal” exists to solve these issues. Now, it is easy to open an LLC online. LLCs in American Samoa do not have to file state returns. In addition to the perks, it does not require personal income tax, admission tax, gift tax or estate tax, corporate income tax, unitary tax, or franchise or inventory tax on income. The primary benefits of opening an LLC in American Samoa include, zero state income tax on LLCs, limited liability and asset protection, protection of LLC assets and properties from personal liabilities, and good asset protection laws and no citizenship requirements.

“If you run a business in American Samoa, legally, business debts for LLC members are separate from personal debts. This implies that unlike partnership, LLC limits the personality liability of LLC members. Another great reason to start an LLC in American Samoa is to avail its task perks. In American Samoa, LLCs don’t have to worry about federal task classification. Instead, the LLC startup can just adapt their tax status in the form of partnerships, C corporations or S corporations. The “LLC Online Portal” provides five key benefits to all users: free registered agents, open to US and non-US citizens, owner confidentiality, personal asset protection, and no state taxes,” said the company’s spokesperson.

American Samoa LLC
email us here


Source link

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy