Puerto Rico Small Business Startup Package for LLC

State:
Multi-State
Control #:
US-P108-PKG
Format:
Word; 
Rich Text; 
PDF
Instant download

Description

The package is designed to assist a limited liability corporation (LLC) in running the corporation by providing a large selection of necessary and commonly used forms at a greatly reduced price. The forms provided are valuable tools to ensure the smooth operation of typical business affairs. Purchase of this package is a savings of over 75% off the price compared to purchase of the forms individually!


The documents in this package include the following:


Profit and Loss Statement - This is a general Statement of Profits and Losses for a company. It lists in detail, all profits, or gains, as well as all losses the business may have suffered. This form can be used by any type of company, whether a corporation or a sole proprietor.



General Trademark License Agreement - This form is a Trademark License Agreement. The licensor is the owner of certain trademarks and the licensee desires to use the trademark on the terms and conditions set forth in the agreement. The licensor agrees to grant to the licensee an exclusive worldwide right and license to use the trademark in connection with the licensee's product.



Assignment of Member Interest in Limited Liability Company - This form may be used to transfer the interest of a member in a LLC to another party. An assignment of this interest does not dissolve the company or entitle the assignee to become or to exercise any rights of a member. An assignment entitles the assignee to receive, to the extent assigned, the distributions of cash and other property and the allocations of profits, losses, income, gains, deductions, credits, or similar items to which the assignee's assignor would have been entitled. The Assignor ceases to be a member upon assignment of all the assignor's membership interest.



Resolution of Meeting of LLC Members to Sell or Transfer Stock - This form is a resolution of meeting of LLC members to sell or transfer stock.



Notice of Meeting of LLC Members - General Purpose - This form is a Notice of Meeting of LLC members for the purpose as stated in the form.



Limited Liability Company LLC Operating Agreement - This form is a Limited Liability Company Agreement. The parties have agreed to form a limited liability company upon the terms listed in the agreement. However, the form also lists the actions or events which would result in the termination of membership in the limited liability company.



Resolution of Meeting of LLC Members to Authorize Contract - This form is a resolution from a meeting of LLC members to authorize a contact. Provisions are included to describe the purpose of the contract.


Job Invoice-Short - This form is a job invoice form. It contains provisions for a job description, starting date, completion date, date and hours worked, list of materials and costs, and an itemized statement of total due for materials, labor, and other.



Employment Agreement - General - This form is used when an Employee agrees to be employed by Employer, and the Employer agrees to employ the Employee, for the purpose of performance by and on behalf of Employer services as may be reasonably requested from time to time by the Employer. The agreement contains provisions for compensation, confidentiality, non-competition and breach of contract.



Employment Agreement with Covenant Not to Compete - This form is used when an Employee agrees to be employed by an Employer, and the Employer agrees to employ the Employee, for the purpose of performance by and on behalf of the Employer as may be reasonably requested from time to time by the Employer. This agreement contains a covenant not to compete clause.



Self-Employed Independent Contractor Employment Agreement - General - A company agrees to hire a contractor to perform work on the terms and conditions set forth in the agreement. The contractor agrees that all financial and accounting records will remain the confidential property of the company. The form also provides that the company will reimburse the contractor for all reasonable and necessary expenses incurred by the contractor with the performance of his/her duties.



Secrecy, Nondisclosure and Confidentiality Agreement by Employee or Consultant to Owner - The first party has possession of proprietary information and know-how relating to an idea, product or service, and wishes to employ the second party but desires that the second party agree not to disclose information learned by second party during such employment. Both parties agree that all information, ideas, products or services, processes, written material, samples, models and all other information of any type, whether written or oral, submitted to the second party by the first party is now, and will remain, the property of first party.



Drug Testing Policy Disclosure and Consent Form - This form explains the drug testing policies of a particular company and includes a consent form.



Employee Permission to Do a Background Check - This is a form signed by an employee or prospective employee granting an employer permission to do a background check.



Employment Position Announcement This form is a business type form that is formatted to allow you to complete the form using Adobe Acrobat or Word. This form allows an employer to announce that applicants for a position with the company are being sought.


Consultant Agreement - This form is a Consultant Agreement for use with consultants exposed to commercial trade secrets or other confidential information as part of their work with a business.


Internet Use Policy - This agreement is to be signed by an employee upon the request of a company concerning the proper uses of internet access. The agreement defines acceptable uses and states that the inappropriate use of the Internet may lead to denial of access or other action by the company.


Also included in this package are: Employment Termination Agreement, Cash Disbursements and Receipts, Check Request form, Daily Accounts Receivable, Yearly Expenses by Quarter, Petty Cash Form and Purchasing Cost Estimate

Puerto Rico Small Business Startup Package for LLC is specifically designed to help entrepreneurs establish and operate a limited liability company (LLC) in Puerto Rico. This package offers a comprehensive set of services and resources to assist entrepreneurs in navigating the local business landscape and ensuring a successful startup. The package includes essential features and benefits tailored to meet the needs of small businesses and streamline the process of starting an LLC in Puerto Rico. From registration and licensing to tax compliance and ongoing support, the Puerto Rico Small Business Startup Package for LLC covers various areas to ensure a smooth and efficient business launch. Key components of this package typically include: 1. Company Formation and Registration: Professional assistance in registering the LLC with the appropriate government agencies and ensuring compliance with local regulations. This includes acquiring the necessary permits, licenses, and certifications. 2. Tax Planning and Compliance: Guidance and support in understanding Puerto Rico's tax system, eligibility for tax incentives, and completion of required tax forms and filings. This aspect helps businesses minimize tax liabilities and comply with all legal obligations. 3. Business Consultation: Access to expert advice and consultation regarding business planning, market analysis, branding, and marketing strategies. This assists entrepreneurs in developing a solid foundation for their business and making informed decisions. 4. Financial Services: Assistance in setting up and managing business bank accounts, bookkeeping and accounting services, and financial analysis tools to keep track of income, expenses, and profitability. 5. Employee and Labor Law Compliance: Guidance on hiring practices, employment agreements, labor laws, and compliance with workplace regulations in Puerto Rico. This ensures businesses are aware of their responsibilities and protect themselves legally. 6. Intellectual Property Protection: Provision of legal services related to trademark registration, copyright protection, and safeguarding intellectual property rights. This helps protect business assets and ensures exclusivity for unique products or services. 7. Networking and Business Development: Access to networking events, business forums, and resources to connect with other entrepreneurs and industry professionals. This facilitates the establishment of valuable relationships and partnerships that can contribute to business growth. Depending on the service provider, there may be variations or additional features available in different packages. Some providers may offer customized packages for specific industries or niche markets, while others may have tiered options with varying levels of support and features. Overall, the Puerto Rico Small Business Startup Package for LLC is a comprehensive solution that aims to simplify the process of starting and operating an LLC in Puerto Rico. By providing a range of services and expertise, this package allows entrepreneurs to focus on their core business activities while ensuring compliance and maximizing their chances of success.

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FAQ

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.

This article explores some of the benefits that an LLC can offer to its owners. Separate legal identity. ... Limited liability. ... Perpetual existence. ... Flexible management structure. ... Free transferability of financial interests. ... Pass-through taxation.

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.

In general, the island is an affordable and welcoming place to start a business. There are several resources available to help entrepreneurs start their businesses, including the Business Bank of Puerto Rico, the Puerto Rico Small Business Development Center, and the Puerto Rico Chamber of Commerce.

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

Puerto Rico offers great tax incentives to LLCs and individuals who move to Puerto Rico, including a 4% income tax and exemptions from paying taxes on capital gains, interest, or dividends (for individuals and businesses that meet the requirements).

Filing and forming an LLC in Puerto Rico requires a $250 filing fee. Under Puerto Rico law, an LLC uses a limited liability company agreement, or LLCA, to govern the internal affairs and administration of the LLC. This is valid regardless of what it is called, but the law says that they must be written.

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.

Ready to Start a Business in Puerto Rico? Pick a Business Structure. Name Your Business. File Formation Paperwork. Draft Internal Records. Get Puerto Rico Business Licenses. Get Business Insurance. File a Puerto Rico Annual Report. Build Your Business Website.

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May 5, 2023 — To register an assumed business name in Puerto Rico, you must file a Trade Name Application with the Department of State and pay the $150 fee. You can file online or by mail. The certificate costs $150 to file. Once filed, this document formally creates your Puerto Rico corporation.1. Name your Puerto Rico LLC ; 2. File your Puerto Rico Certificate of Formation ; 3. Sign operating agreement, get EIN, open business bank account, get licenses ... To form an LLC, one or more persons must file a LLC Certificate of Formation with the Puerto Rico Department of State, along with a fee of $100. A foreign ... This guide to Puerto Rico LLC formation and incorporation will help you learn about both business structures, down to their basic characteristics. We'll dig ... Upon obtaining an EIN, the entity must file a copy of the certificate of incorporation, and a copy of Form SS-4 at the P.R. Department of Treasury. Sale and Use ... Jan 24, 2020 — In Puerto Rico, all limited liability companies (LLCs), including Act 60 companies, are required to submit an annual report and pay a small fee ... In this video, I Showed How to Create an LLC in Puerto Rico (Step-By-Step) 2023 | Best Way To Register Your Business. ▻Setup your LLC with ... How to incorporate in Puerto Rico / Form a Puerto Rico Corporation with InCorp. BBB A+ Rating, EntityWatch® technology, iOS app, and live chat support. Start your business today for as little as $0 + state fees. Incfile helps you quickly and easily create your LLC or other business entity. Learn more.

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Puerto Rico Small Business Startup Package for LLC