Puerto Rico Proposal to amend certificate of incorporation to authorize a preferred stock
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How to fill out Proposal To Amend Certificate Of Incorporation To Authorize A Preferred Stock?
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Application for Registration CostDescriptionDownload$150.00 o 5.00Foreign Corporation - Certificated of Authorization to do businessDownload$150.00Close CorporationDownload$150.00Professional CorporationDownload$110.00Limited Liability SocietyDownload2 more rows
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.
Foreign LLCs only need to file the Certificate of Authorization and pay state fees in order to do business in Puerto Rico.
Some states require that the articles of incorporation include additional information, such as: the corporation's purpose (which can be a general statement such ?to engage in all purposes permitted by law?) the number of the initial directors. the names and addresses of the initial directors.
In terms of tax benefits, Puerto Rico is a sunny place for US residents to start a business, especially if they plan to export products out of Puerto Rico to the rest of the world. The Puerto Rico government offers tax incentives to attract US business owners to emigrate to Puerto Rico.
Tax Free First Year: Puerto Rico offers a tax deduction of 100% on real estate and personal property taxes during the first-year of operations. One Shareholder: A minimum of only one shareholder is allowed for Puerto Rico corporations. No Authorized Capital: There is no authorized minimum capital requirement.
If your business is a back-office service provider, then you simply have to move your entire business to the island. All income-producing activities and back-office services will be transferred to Puerto Rican soil, and all of the income will be taxed under Act 60.
Articles of incorporation are a set of formal documents filed with a government body to legally document the creation of a corporation. Articles of incorporation generally contain pertinent information such as the firm's name, street address, agent for service of process, and the amount and type of stock to be issued.
Corporations use certificates of incorporation (called articles of incorporation in some states) and by-laws. Limited liability companies use certificates of formation and limited liability company operating agreements.
File your articles of incorporation Next, you'll need to complete and file articles of incorporation with your state's Secretary of State office. By doing so, you will establish your corporation as its own business entity. Articles of incorporation typically include the: Name and address of the corporation.