Contact
Get in touch
We invite you to contact our team using the details provided below or by filling out the contact form.
Telephone
Office
721 US Highway 1, Suite 218
North Palm Beach, FL 33408
FAQs
Can I buy a property in my name or must I open a local company to do it?
It can be done both ways. Although opening a local company has a higher cost, it has benefits when selling the property. Likewise, there are legal entities that, in case of conflicts, only the capital existing in said company could be exposed.
Can a company be started with a single shareholder or is more than one required?
Yes, a company can be opened with a single shareholder.
Is it necessary for the shareholder of a local company in the USA to be a resident or may he be a foreigner?
A foreign person can own a company in the USA and be a shareholder in it. You need to have an address in the USA.
What documentation is needed to open a company in the USA?
A shareholder's passport, a US-based address, a US-based bank account, and the name of the company.
How long does it take to open a company?
About 2 weeks.
What documents are part of the society?
The most frequent companies that are constituted for the purchase of properties are the Liability Limited Company (LLC). The documents that constitute it are; • Operating Agreement; They are the statutes of the company that regulates how the partners operate the same • Articles of Organization outlines the initial requirements to structure the society • Employer identification number (EIN) or an Individual Taxpayer Identification Number (ITIN)
What is the ITIN?
In the event that the investor decides to buy a property as a natural person, he must obtain his tax identification number, called ITIN, which is required of foreigners who want to do business in the USA.
What are my annual obligations on my companies?
Every year, the renewal of the companies and the corresponding federal tax filing are required, whether or not they have had movements.
What happens if I fail to renew my company annually?
The company will be inactive and in the case of wanting to activate it again, a fine must be paid.
What should I do with my company once I have sold the assets?
When selling all your assets, if you are not going to continue operating, it is necessary to liquidate the accounts and close the company.
Do I need to have a bank account?
Yes, a bank account is needed from which transfers will be made for the purchase of the property, as well as for the collection of rents. Each bank has different requirements for the opening of said account.
