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The initial cost to start an LLC in Puerto Rico is $250 to register your business with the Department of State. After that, you'll have a yearly recurring cost of $150 for your Annual Fee, which keeps your LLC current with the state.
The key benefit to corporate dissolution is that it cuts off any claims against your corporation that are not made before its formal dissolution date, as well as ending any chance of the corporation incurring any sort of financial or legal liability.
If you're a sole proprietor, your business's legal name is your first and last name. Either way, if you want to do business under a name other than your legal business name, you're required by Puerto Rico law to file a DBA.
To start a corporation in Puerto Rico, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Certificate of Incorporation with the Department of State. You can file online or by mail. The certificate costs $150 to file.
How to Get a Certificate of Good Standing from the Puerto Rico Department of State Filing fee ($15 for corporations, $25 for limited liability companies (LLCs), $0 for nonprofits) Entity name. Registration number.
Act No. 164 of 2009(See), General Corporations Act, places Puerto Rico at the forefront of laws on legal entities. This statute is intended to streamline the management of these legal entities and simplify the procedures contemplated therein.
Business name and registration Register your business name with the local government where your business is located. If you are a corporation, you will also need to register with the Department of State in Puerto Rico, or with the Department of Corporations and Trademarks in the U.S. Virgin Islands.
You'll then need to file a Certificate of Dissolution with the Government of Puerto Rico's Registry of Corporations and Entities. The form can be filed online, in person, or by mail. The certificate must include the following information: The name of the LLC.