LLC or C-Corp?
What is the type of company you should create?
The first thing is to determine what type of company should be created. Thus, we will avoid frustrated dreams, we will do directly in the planning and successful execution of the project.
The most common companies for non-residents are the LLC and the C-Corporation
LLC
The advantage of the first (LLC) is that it can be one-person or with partners who can be natural or legal persons, in addition to the fact that personal assets or assets are completely independent from those of the company, and that it can be created for any type of business, even for several businesses with a single company.
Además, proporciona ciertos beneficios tributarios como por ejemplo el hecho de que los impuestos son declarados por los miembros, es decir que la empresa no está sujeta a impuestos, sino que estos se transmiten y aplican a sus miembros sobre las rentas personales. Con esto se evita la «doble imposición» que ocurre en una Corporación.
The LLC figure is the most common for new and small companies, which does not mean that they cannot become huge global corporations, without having to change their legal figure.
C-Corporation
The advantage of C corporations is that you can sell shares so there can be unlimited growth of your capital. This is the most used structure in large global corporations that generally have 8-figure credits.
On the other hand, the C-Corporation is an anonymous company whose ownership is based on the number of shares the company owns. For its annual management, the shareholder must elect a board of directors annually in order to operate.
