Models and Types of Corporates
Visados y Corporaciones
The importance of choosing the suitable business entity model. Llc vs. Corporation.
What is an LLC? It is a Limited Liability Company. Each state has different regulations. The owners of the LLC are the members, who can be individuals and other types of corporations. There is no limited number of members. As a member of an LLC, you are the owner. It is a type of business structure that allows you to protect your assets. Its constitution is relatively simple and has fewer regulations than other structures.
What is a Corporation? A corporation must be formed by a group of shareholders who share ownership. These shareholders often have the objective of returning profits to them. Corporations are subject to double taxation, meaning the business tax at the entity and shareholder levels.
Lengthy application process: Incorporating your company will take considerable time. That is due to all the paperwork required to document the company’s details.
However, it is an excellent option if you are looking to attract investors to the business and increase access to capital.
With the business base to be implemented, we will advise you on which entity model is the most suitable and provide more detailed information on each’s advantages.
REGULATIONS AND LICENSES
Westudy in advance what kind of licenses, regulations, and permits are necessary and their execution times; this favors the project to be established at the right time optimally, foreseeing them with the time required to expedite the opening.
The license type will differ from the business or service, and there are many variants; once we identify the company’s approach, we will issue a report on the required permits and licenses.
These permits and license changes are extended or reduced depending on the County and the City.
Some cities are very strict about the due fulfillment of the activity and sometimes restrictive. We will take these factors into account when choosing the zone of performance in relation to our product or service.
Anti-fire systems, intrusion alarms, zoning, signage, emergency signage, first aid, and adaptation for people with reduced mobility are standard in most cities, both at the Industrial and Retail levels.
There are two types of licenses.
The beginning and opening of the business and the operative ones are renewable annually, and we include them as information in our calendar of licenses and taxes. Sometimes, not executing the payment of a concrete tax can mean a great inconvenience, not only a simple fine, so it is necessary to be very well advised and informed.
Contact us for more complete information on entities, permits, and licenses.