Guam Business Start-up Checklist

State:
Multi-State
Control #:
US-04088BG
Format:
Word; 
Rich Text
Instant download

Description

The business start-up checklist below is meant to inform you of the tasks you may have to perform when starting your business. Not every small business will have to complete each step. For instance, you may decide not to register your trademark with state or federal officials. Or, you may not be required to publish a notice of intent to do business. Since laws vary by state and by type of business, be sure to check with local authorities to determine if there are any additional legal steps you need to take.
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FAQ

To start an LLC in Guam, begin by choosing a unique name and filing the Articles of Organization with the Guam Department of Revenue and Taxation. You will also need to draft an operating agreement and obtain any necessary business licenses. Following the Guam Business Start-up Checklist will guide you through the essential steps for forming your LLC effectively.

Yes, a non-citizen can open an LLC on Guam, provided they adhere to the legal requirements set by the local government. The Guam Business Start-up Checklist is especially helpful in outlining these requirements, including ensuring a registered agent and filing necessary forms. It is crucial to understand any additional steps that may apply to non-citizens. This checklist makes it easier for anyone, regardless of citizenship, to successfully start a business.

In order to establish a business entity on Guam, you must obtain a business license prior to starting business operations. Business entities other than sole proprietorships must also register the type of entity they will be operating under.

You'll need your social security number, phone number, EIN, and GRT number (which is given to you upon your initial visit to the One Stop Licensing Center). You'll need to include your full name, file number, mailing address, business location address, and a description of business activity.

Yes, LLCs are very easy to form. Every state, except for Maine, allows you to form your LLC online by completing a series of questions. Our form an LLC guides will lead you through the process or you can hire an LLC service (for a very small fee) to form an LLC for you.

How to Register a Company in USA?Decide what type of business organization is right for you.Decide where you should form your LLC (Limited Liability Company).Find a local registered agent.If applicable, register your LLC or S-corporation.Apply for an EIN (Employer Identification Number).More items...

To officially form your LLC in Guam, you will need to file Articles of Organization with the Department of Revenue and Taxation and pay the $1,000 registration fee. You can file your Articles of Organization by mail or in person. Note: All of the information on this form will become part of the public record.

LICENSES - Licensing applications can be obtained from two locations, the Business license branch of the Department of Revenue & Taxation or at the One Stop Licensing Center. All licenses expire on June 30th and are renewable on June 1st to the 30th of each year.

In order to establish a business entity on Guam, you must obtain a business license prior to starting business operations. Business entities other than sole proprietorships must also register the type of entity they will be operating under.

On Guam, two or more persons may form a limited liability company by executing, acknowledging, and delivering to the Department of revenue and Taxation articles of organization for such limited liability company.

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Guam Business Start-up Checklist