by KHR
1 replies
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Hello,

Hope all are well. I am new to WF. I am not sure this is the right place of this post. Im sorry if its in wrong place.

I want to know about LLC Licence. Please Help me to know about it.

1. How to issue a LLC Licence ?
2. Non US can own it ? If, What is the Process & Cost ?
3. What will be the VAT/Tax if any one earn 10k a month?
4. Major Advantage ?
5. Disadvantage (if any ) ?


Thanks in Advice
  • Profile picture of the author seasoned
    Originally Posted by KHR View Post

    Hello,

    Hope all are well. I am new to WF. I am not sure this is the right place of this post. Im sorry if its in wrong place.

    I want to know about LLC Licence. Please Help me to know about it.

    1. How to issue a LLC Licence ?
    It isn't a license. It is basically just a document of registration. Specifics vary depending on STATE, etc...

    2. Non US can own it ? If, What is the Process & Cost ?
    YEP. Process varies depending on state, and laws are subject to the state.

    3. What will be the VAT/Tax if any one earn 10k a month?
    I BELIEVE it is generally based on yearly or quarterly assets. AGAIN, specifics vary.

    4. Major Advantage ?
    Lower liability

    5. Disadvantage (if any ) ?
    Things DO get a little bit more complicated.

    BTW the LLC is akin to a corporation, but it does not replace any other document/license.

    Steve
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