LLCs are Limited Liability Companies or limited liability companies. They have no shareholders or directors. They can be managed by members or managers. The member is also the owner, the manager is not and no proof of ownership is required to operate it and open accounts with it. Therefore it is worth opening manager managed instead of member managed.
None, US law is the most opaque in the world and you don't need documents or KYC to open companies in the US.
No. Territorial taxation is applied in the USA as in any tax haven. So if the American company has no American customers, it is excluded from paying federal and state taxes and does not have to do accounting. The only obligation is to complete two Forms a year through our CPA service, forms required by the American IRS as standard practice for companies operating abroad.
Yes. American banks do not adhere to any international standards for the transmission of their foreign account holders' data to their respective countries of origin. The US is the only country in the world to request data from its US taxpayers with foreign accounts (FATCA) but does not enforce reciprocity with accounts held by foreigners in their institutions.
No, banks have no limits and do not impose any restrictions.
Completely, because not even we, nor even the US government, have the data of whoever opens them. The American law in this regard is clear and does not require documents or requests for any information on the owners or beneficiaries of the companies.
They are the Limited Liability Limited Partnerships. I am a hybrid between an LLC and an LLP, Limited Liability Partnership. They can be used both as a company and as an asset protection vehicle, therefore as a Trust or Private Interest Foundation.
