When forming a business, its legal structure is one of the owner’s most important practical decisions. Each type of structure has its own benefits and considerations that are affected by the business’ size, the number of owners and employees, the industry, and other variables. Each state passes its own business formation laws, and not all states allow for every type of business structure. This means that the requirements for forming a particular type of business vary from state to state.
The main business legal structures are:
- Sole Proprietorship
- Private Limited Company
- Limited Liability Company (LLC)
Establishing an off shore organization has many advantages increase the possibility of cross border business and reduce company overheads. The best of having an abroad company gives a significant marketing status and exciting tax usefulness thus eliminate foreign exchange risk and reduce bank transaction cost. The authorized responsibilities of officers or any directors of an off shore business are usually significantly less, protect against lawsuits by strong local regulations, ease of operation, privacy, asset protection by holding legally in the foreign company’s name.
DG in association with our long experienced companion global advisers offer the capability for setting up off-shore registration for companies in different jurisdiction that are secure.