US MRKT Corporate

In conjunction with the launch of the APP, we are developing certain products and services to be offered via the US MRKT platform, under development right now: 

US MRKT will launch as part of the product/service menu, what we are calling US MRKT CORPORATE, a service that offers registration of US-based Limited Liability Companies (LLCs) from several of the most popular states that offer these company registrations. And, this will include a USD bank account for the owner to use to pay out and receive funds. 

Anyone, anywhere in the world will now be able to own his/her own US company with a USD bank account – we anticipate that fulfillment will occur within 15 days of receiving a completed order. The process will be seamless with the online application taking less than 5 minutes. The overall costs have yet to be finalized but will be set so that it is attractive for all entrepreneurs looking for commercial benefits that come with having a US company and USD bank account.

The company to be registered is known as the Limited Liability Company or LLC and has the following advantages and characteristics:

1. The Limited Liability Company or LLC is the most favored form of company in the United States. You select that name that you want as long as it is not being used by someone else. 
2. Limited Liability – This means that the owner’s other assets cannot be used to satisfy the debts of the LLC. Whatever the owner has put into the company is what is available to pay the company’s debts, and nothing else can be used to satisfy company debts. Legally, the LLC exists separate and apart from the owner and his/her other assets.
3. Tax Advantages – The LLC acts as a pass through to the owner(s). This means that all profits of the LLC legally become the profits of the owner, and the owner pays whatever tax he/she is obligated to pay, not the LLC. Technically, a non-US person might not owe any US tax – but that depends on the nature of the business, where it is located etc. Each LLC owner should inquire about his/her tax obligations with a licensed accountant who is knowledgeable about these matters.
4. Annual Filings – Each LLC must file an annual statement and pay a small fee to the state register. Other than that, there is no requirement to maintain books and records. Of course, it will be a good idea to keep track of all transactions. This is more for sound business reasons, not because of any legal requirement.
5. Single v Multiple Owners – You can own your own LLC without the need for a partner, and there is never a requirement to have a US-based partner. You can form the LLC and be the only person associated with it. You can bring a partner into the LLC later if you like or you can set it up from inception.
6. Bank Account – Once the LLC is registered, we will obtain a tax ID# from the Internal Revenue Service (IRS), and then open the bank account in the name of the LLC. The owner will be provided access via a portal with username and password. The account is usable immediately after opening. The bank account also comes with a pre-paid Visa/Mastercard that can be used anywhere in the world including for cash withdraws.

More to follow soon.