An LLC stands for limited liability company. It is a legal entity formed under state law. It is intended to shield its owners from personal liability.
A Member is an owner in an LLC.
An LLC Manager is the person authorized to act for the LLC. It can be another legal entity (i.e. an LLC or corporation) or a physical person. An LLC needs at least one manager.
A director is the person that manages the affairs of a corporation. A corporation needs at least one director.
A corporation is a legal entity formed under state law.
A Shareholder is an owner in a corporation.
The state and federal government do not charge to keep your legal entity active.
Generally, any lawful business may be performed via an LLC or Corporation, such as services, products, and the such. An LLC can engage in commerce locally within the United States and can also engage in international business or commerce.
No, there is not a minimum amount to deposit or invest by law.
We work as a team with you and the speed depends on your collaboration with us.
Once you pay and submit your questionnaire, we review the information you provide and we try to review everything within 48 hours and let you know if we have questions or need modifications. If we have questions or modifications, we will email you at the email you provided.
Once we receive your response, we submit the filing. to the state within 48 hours.
In Texas, the Secretary of State generally takes 48 hours to review and approve filings. In other states it might take longer.
In all, LLCs can be formed as quickly as in a few days
The LLC formation service includes:
The corporation formation service includes:
Our attorneys supervise your project. If our team has questions for you, one of our attorneys, paralegals or legal clerks may be in contact with you, generally by email.
If you want to speak with an attorney for a longer consultation, we suggest that you book a consultation with an attorney. Our attorneys will be happy to meet with you. Contact our attorneys here https://gnslawpllc.com/contact/.
We take all major credit cards.
Once you submit your questionnaire and payment, we start the reviewing your questionnaire and start processing your project very quickly. You can email us at aguila@gnslawpllc.com and inquire about a cancellation. We will honor requests if received promptly before we take action on your project.
When the process is complete, we will send you all your documents electronically to the email address you provided.
EINs can be obtained for free at:
https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online
Yes. There is no requirement for an LLC or Corporation to have a Member of Shareholder that is a US citizen or resident.
Persons who are not US citizens, US permanent residents, and do not live in the United States are generally not fiscal residents of the United States. Persons who are not fiscal residents only pay taxes on income they receive from United States sources.
Yes, we have English and Spanish speaking CPAs who we recommend and who can help. We recommend existing clients only.
Contact us at aguila@gnslawpllc.com if you can’t find the answer to your question in this FAQ.