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General Information
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Company Law
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Delaware Limited Liability Company Act
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Type of Company
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Limited Liability Company (LLC)
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Language of Legislation and Corporate Documents
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English
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Taxation of Foreign Profits
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Nil (for single member LLC with no U.S. shareholders)
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Exchange Controls
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None
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Length of Time to Form a LLC
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3 weeks (expedite service is available)
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Shelf Companies Available
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Yes
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Corporate Names
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Name Restrictions
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Names identical or similar, offensive words
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Endings and Abbreviations Required
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Limited L iability Company or its abbreviation LLC
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Length of Time to Verify Name Availability
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few minutes
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Reservation of Names Permitted
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Yes
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Language of Name
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Any language
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Name of Banks, Insurance, Investment Fund, Trust Company or their equivalents requiring consent or license
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Yes , especially those
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Capital and Members
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Minimum Number of Members
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One
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Local Members Required
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No
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Corporate Membe r s Permitted
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Yes
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Disclosure of Members
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No
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Minimum Authorised Capital Required
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No minimum
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Bearer Shares Permitted
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N/A
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Registered Shares Permitted
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Yes
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No Par Value Shares Permitted
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Yes
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Managers
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Minimum Number of Managers
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One
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Qualifications of Directors
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Legal Age
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Corporate Managers Permitted
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Yes
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Local Directors/Officers Permitted
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Yes
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Appointment of Subsequent Managers
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LLC Agreement
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Meetings
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Annual General Meeting of Shareholders Required
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No
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Annual General Meeting of Manager s Required
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No
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Location of Directors and Shareholders Meetings
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Anywhere
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Adoption by Consent Permitted
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Yes
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Quorum required for purposes of meetings
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LLC Agreement
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Local Requirements
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Qualified Registered Office/Agent
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Yes / Yes
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Government Register of Shareholders
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Optional
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Government Register of Directors/Officers
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Optional
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Government Register of Charges
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Optional
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Register of Directors/Officers to be kept at Registered Office
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Yes
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Company Seal Required
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Optional
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Copy of Minutes to be kept at Registered Office
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Optional
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Copy of Share Register to be kept at Registered Office
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Yes
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Annual Requirements
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Minimum Annual License Fee or Franchise Tax
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$200
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Annual License Fee or Franchise Tax Due Date
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June 1st
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Applicable Surcharges
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1.5 % per month
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Requirement to File Annual Returns
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No
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Requirement to Submit Annual Audited Accounts
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No
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Other Relevant Information
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Member of Apostille of the Hague Convention
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Yes
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Increase or Reduction of Capital
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Managers ¡¦ resolution
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Redomiciliation Prohibited
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No
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Reinstatement at the offices of the Secretary of State
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Yes
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Removal from Secretary of State offices
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Compulsory or voluntary winding up and dissolution; and cancelation of the certificate of formation for non-payment
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