Puerto Rico Ratification of Memorandum of Operating Agreement and Financing Statement - Form 2
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How to fill out Ratification Of Memorandum Of Operating Agreement And Financing Statement - Form 2?
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FAQ
Louisiana and Puerto Rico have enacted most of the provisions of the UCC with only minimal changes, except Articles 2 and 2A, preferring instead to maintain their own civil law tradition for governing the sale and lease of goods.
An LLC is required to obtain an Employer Identification Number from the United States Internal Revenue Service. It also must register with the Puerto Rico Treasury Department. An LLC also needs to have in place an Operating Agreement, which will serve as the ground rules for the management of the LLC.
To officially start your Puerto Rico LLC, you need name your business, appoint a registered agent, and file a Certificate of Formation with the Puerto Rico Department of State. The certificate costs $250 to file and typically takes between a day and a week to process depending on how you file.
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.
Puerto Rico LLC Cost. 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.
If your LLC is taxed as a Puerto Rico corporation, you'll need to pay corporate income tax. Puerto Rico's corporate tax rate is 37.5%. However, under the Puerto Rico Incentives Code (Act 60), businesses based in Puerto Rico only need to pay a 4% corporate income tax on goods and services exported from the commonwealth.
