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Articles of Incorporation refers to the highest governing document in a corporation. It is also known known as the corporate charter. The Articles of Incorporation generally include the purpose of the corporation, the type and number of shares, and the process of electing a board of directors.
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.
To register a foreign LLC in Puerto Rico, you'll need to file a Certificate of Authorization and pay a $150 filing fee ($250 if filing online or in person) to the Puerto Rico Department of State.
An amendment to your corporation's Articles of Incorporation is filed when you need to update, add to, or otherwise change the original content of your articles. Amendments are important corporate filings as they are required to modify essential corporate information, such as changes to stock information.
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.
Before conducting business locally, all corporations or limited liability companies must register at the Puerto Rico State Department. Puerto Rico corporations are treated as foreign corporations for U.S. income tax purposes.
Definition of Corporation It is an artificial being, created operation of law, having the right of succession and the powers, attributes, and properties expressly authorized by law or incident to its existence.
What's required to register a foreign corporation in Puerto Rico? $150 filing fee ($250 if filing online or in person) Certificate of Good Standing from your home state. Internet access (the best and easiest way to file in Puerto Rico is on the Department of State's website)