US LLC and Bank Account
in California

The California LLC name must end with one of the following: Limited Liability Company, Ltd. Liability Company, Limited Liability Co., Ltd. Liability Co., or the abbreviations LLC or L.L.C.

The LLC’s name must be distinguishable and different from other existing businesses registered in California.

Registered office address must be located in California. Our fee includes a California registered office address and registered agent for the first year.

Principal office address (business address) of the California Corporation may be in any country.

A minimum of one member is required. Residents of any country, individuals and legal entities may become a member.

Management of an LLC can be governed by its member(s) or by elected manager(s). If the Articles of Organization states that management of the LLC is vested in a manager(s), a minimum one manager is required.

Managers do not need to be members of the LLC. Residents of any country individuals and legal entities may become managers of a California LLC. A manager who is an individual must be eighteen years of age or older.

Managers may be designated and removed by the consent of a majority of its members.

When a California company is formed, the first payment of US$800 annual LLC franchise tax is due to the state on the 15th day of the 4th month after the date of incorporation. After this first franchise tax payment is made, the next franchise tax payment and federal tax return is due on April 15 of the following year and thereon after.

Gross incomes between $250,000 and $499,999 pay a tax of $900. Gross incomes between $500,000 and $999,999 pay a tax of $2,500. Gross incomes between $1 million and $4,999,999 million pay a tax of $6,000. Gross incomes of $5 million or greater pay a tax of $11,790. For businesses with less than $250,000 in gross income, the $800 minimum franchise tax applies.
The net income from an LLC passes through to the business owners who must pay personal income with rates based on where they reside.

All foreigners/non-residents who own a US LLC must file a 5472 US tax return with the IRS for disclosure purposes even if you do not owe tax in the US.

Beneficial Ownership Information Reporting (BOIR) is a mandatory process for every business entity registered with the Secretary of State. It requires the submission of identifying details about the individuals who own or control the business, ensuring adherence to federal regulations.

Corporations and limited liability companies (LLCs) that meet the criteria of reporting companies must submit a BOIR, which includes providing details about the individuals who own or control the business. Failure to comply may lead to civil and criminal penalties. The majority of business entities are obligated to file unless they meet specific exemption criteria.

Filings can be done here.

Members and/or managers are not required to be listed in the articles of organization. Member’s information must be kept in the LLC’s principal office, which can be located in the US or any other country.

When filing the annual income tax return for a LLC, members’ names must be listed.

LLC is required to keep in its principal place of business, which can be any country, the following documents:

• A current list of the name and last known business, residence or mailing address of each member and manager
• A copy of any written LLC agreement and certificate of formation and all amendments thereto
• Copies of LLC’s federal, state and local income tax returns (if any)
• Information regarding members contributions (amount of cash and/or statement of the agreed value)
• Other information regarding the status of the business and financial condition of the LLC

On April 15, your company must file the federal tax return along with the annual franchise tax to the state of California.

Not required.

Formation and preparation of all internal documents for a California LLC takes 5 to 10 business days.