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An LLC Corporate Resolution Form is a document that describes the management and decision-making processes of the LLC. While LLCs are generally not required to draft a resolution form, it is highly beneficial and important for all businesses to draft corporate resolutions.
To start a business in the U.S. Virgin Islands you will need to obtain a business license from the Department of Licensing and Consumer Affairs (DLCA). DLCA will complete the "One Step" review process with the following government agencies: Police Department. VI Bureau of Internal Revenue (tax clearance)
Anyone can form a limited liability company (LLC) in the USA; you don't need to be a US citizen or a US company. Foreign citizens and foreign companies can form an LLC in the USA.
An LLC resolution is a written record of important decisions made by members that describes an action taken by the company and confirms that members were informed about it and agreed to it.
Unlike most U.S. states, the USVI requires corporations to have a minimum of three directors, three officers, a president, treasurer and secretary. Corporate directors are not allowed. Stock must also be registered and there is a minimum capital requirement of $1,000.
To get started:Create a business plan.Register your trade name and/or corporation with the Office of the Lieutenant Governor.Select a good location and obtain a copy of an unsigned lease or letter of intent from the owner.Obtain a business license from the V.I. Department of Licensing and Consumer Affairs (DLCA)
Registered agents The registered agent maintains (or holds copies of) the company's register of members, register of directors and register of charges, and its minute book; provides its registered office; and acts as a liaison between the company and the BVI Registry of Corporate Affairs.
The registered address is the legal address of your BVI company, The Registered Agent is responsible for safe custody and maintaining of the Memorandum and Articles of Association, the Register of Members, the Register of Directors, copies of Resolutions, notices and filings.
Certificate of good standing. In the BVI, good standing means that the relevant BVI Company is on the Register of Companies, has paid all fees, annual fees and penalties due and payable and has filed with the BVI Registrar a copy of its register of directors which is complete.
Those looking to form LLCs in the US Virgin Islands must have both a local registered agent and a local office address. This address will be used for process service requests. Your agent who forms the company for you (such as this one) should automatically include this for you in the initial filing.