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Washington
DC, USA LLC
Washington, the capital of the United States, is located in and
coterminous (as of 1878) with the District of Columbia, a federally
owned enclave surrounded on three sides by Maryland and across the
Potomac River from Arlington and Fairfax counties. The city is the
centre of a metropolitan area that is the eighth most populous in
the country. The population of the city proper is 637,651 (1980),
and that of the metropolitan area, 3,060,240. Washington is divided
along a north-south axis by Rock Creek, historically a barrier to
east-west movement. Additions to the city's total land area--at
present 179 sq km (69 sq mi)--have been made by adding landfill
along the shores of the Potomac.
Washington, DC is a world-class city that offers unparalleled business
and retail opportunities to organizations and businesses, large
and small. Supported by a dedicated business community and committed
local government, the District's economy remains the strongest in
the country.
- A multifaceted economy tied to national and international markets
- A well-educated and highly skilled workforce
- An award-winning Metro rail system
- The world's largest collection of museums and art galleries
- An excellent health-care and university system
- Abundant parklands
- Diverse, historic neighbourhood
The United States LLC is not a partnership or a corporation. It
is a distinct business entity that offers an alternative to partnerships
and corporations by combining the corporate advantages of limited
liability with the partnership advantage of pass-through taxation.
US LLCs with non-resident members and which conduct no business
in the US and which have no US-source income are not subject to
US federal income tax and are not required to file a US income tax
return. US LLCs are popular vehicles for conducting international
business.
Company Statute: Limited Liability Company (LLC)
Taxation: US limited liability companies that conduct
no business in the recommended states of formation with non-resident
members are generally not subject to state income tax and are not
required to file a state income tax return.
Shareholders/Members: Normally one.
Directors/Managers: Normally one.
Registered Office Required: Yes. Must be maintained
in state of incorporation/formation at the office of a professional
registered agent.
Name Restrictions: Anything identical or similar
to an existing company within the state of formation. Additionally,
the use of bank, trust, insurance or reinsurance within the name
of the LLC is generally prohibited in all 50 states. This is because
limited liability companies in most states are simply not allowed
to engage in a banking or insurance business.
Financial Statements: There is generally no requirement
to file financial statements with the state of formation unless
the corporation owns assets within that state or has conducted business
within that state.
Annual Report/Licence Fees: USD 100.
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