Puerto Rico Sample Letter for Dissolution and Liquidation

Q: What are the rules for LLC in Puerto Rico?

LLC&#039;s must have a registered office (physical address and a mailing address) with a registered agent in Puerto Rico. The law allows the LLCA to provide its members with the freedom to customize their capital contributions and their percentage of shares of profits and losses.

Category:

Letters - Legal - Corporations

State:

Multi-State

Control #:

US-0318LTR

Format:

Instant download

Description

Sample Letter for Dissolution and Liquidation

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FAQ

Every limited liability company is required to maintain in Puerto Rico a registered office and a resident agent, who can be an individual resident in Puerto Rico, a domestic corporation, or a foreign corporation authorized to do business in Puerto Rico.

LLC's must have a registered office (physical address and a mailing address) with a registered agent in Puerto Rico. The law allows the LLCA to provide its members with the freedom to customize their capital contributions and their percentage of shares of profits and losses.

Limited Liability Company CostDescriptionDownload$150.00Annual FeeDownload$50.00Certificate of TransferenceDownload$50.00Certificate of Transference and ContinuityDownload$80.00Dertificate of DissolutionDownload9 more rows

What are the differences between liquidation and dissolution? Dissolving a company through the process of dissolution often takes place when a company is solvent, but is no longer trading. Liquidation however, occurs due to a company having financial difficulties and therefore being unable to keep up with their debts.

File a Certificate of Dissolution The name of the LLC. The date members decided to dissolve. How members decided to dissolve. ... The names and residential address of each member. ... Signature from someone authorized to act on behalf of your business. Filing fee ($80).

A Puerto Rico LLC taxed as a Corporation of Individuals is taxed as a pass-through entity and doesn't pay corporate income tax, making it similar to a partnership. However, unlike a partnership, a corporation of individuals can make distributions to its members that aren't subject to US self-employment taxes.