Registration of IE or registration of LLC?
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Registration of IE or registration of LLC?
von linak8w am 21.07.2022 18:21No company can work properly without registration with the relevant state authorities, any budding entrepreneur knows this. But what legal form should you choose for your future company?
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Re: Registration of IE or registration of LLC?
von Alinasss am 21.07.2022 18:40The easiest way to register a sole proprietorship. To register a sole proprietorship you need to choose the type of activity, apply for registration, pay the appropriate fees and send copies of your own documents. That is all!
Registration of an LLC is much more complicated - it is necessary to work out the statutory documents, create a statutory fund, convene the participants to make a decision on the establishment of the LLC and its registration and only after that proceed to the registration of the company. But at the same time the registration of an LLC provides many advantages. These include the possibility of creating a company with several participants, as opposed to a sole trader. Therefore, lino me, I recommend opening an llc in tennessee.
Re: Registration of IE or registration of LLC?
von Urasss am 21.07.2022 19:10A limited liability company (hereinafter referred to as LLC) is a commercial company with legal personality status. Typically, an LLC's equity consists of the total face value of its shares. One of the key features and benefits of an LLC is the fact that shareholders cannot be held personally responsible for the company's debts or liabilities - only the company's assets themselves are at risk. However, the issue of limited liability also depends on the national legislation of each jurisdiction. In general, an LLC is a corporate structure that combines the simplified taxation of a partnership with the principle of limited liability of a corporation. It can be the perfect solution for an international trading company, provided the jurisdiction is well chosen.