Guam What To Do When Starting a New Business
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How to fill out What To Do When Starting A New Business?
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Yes, a non-citizen can open a Limited Liability Company (LLC) in Guam. The process allows foreign individuals to establish their businesses without a local citizen as a partner. However, it is crucial to understand all legal obligations that come with running a business in Guam. By learning about Guam What To Do When Starting a New Business, you can prepare yourself for a successful venture.
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.
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.
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...
Eligible residents can now renew or replace existing licenses and Guam IDs online at: myid.guam.gov.
Business licenses can be obtained at the One Stop Licensing Center or at the Business license branch of the Department of Revenue & Taxation. Licenses expire on June 30th and are renewable every year from June 1st to the 30th.
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.
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.
Most licensing transactions can be processed and approved at a single location, the Government of Guam's ONE STOP LICENSING CENTER located at 542 N. Marine Corps Drive, Tamuning, Guam 96913, Tel. (671) 646-3104 or 646-3102 or Fax (671) 649-6178.