What Are The Best Currencies To Trade?

Well in truth there's no right and wrong answer. If you have a rigid trading system which produces consistent profits whatever the currency pair, then you may want to open a window for each pair, ideally on a multiple monitor set-up, so you can watch for your entry criteria to be met for any of these pairs.
So for example, let's say your trading criteria is a MACD crossover, a Supertrend change of colour, and RSI in overbought/oversold territory.
In this instance, you would simply create graphs containing this data for every major currency pair, and wait for a suitable entry for any of them.
That's one approach. Another approach, and one favoured by myself, is to only concentrate on the major pairs. This is because they are the most traded, and therefore charting patterns and technical indicators are generally more reliable and tradeable.
Another reason why I take this approach is because these pairs have the tightest spreads. This is extremely important because you really don't want to be trading pairs that have wide spreads simply because it limits your profits more and puts added pressure on you to make correct calls.
Over time these wider spreads can really eat into your profits, so I generally stick to three of the four major currency pairs - GBP/USD, EUR/USD and USD/JPY (USD/CHF is the other but that has a spread of 4 points with the broker I use).
I can easily watch these three pairs at once and watch for any entry points, but if you're just starting out, another approach could be to just concentrate on one pair. You will find that although most pairs follow technical indicators very well, each pair has it's own personality and so by concentrating on just one pair, and learning how it behaves, you may find this is the most profitable approach to take.
Another factor is your location and the time at which you are available to trade. For example, the GBP/USD is most active between around 8.00 GMT and 20.00 GMT, so if you're based in Australia, for example, you would miss most of the action if you wanted to trade in the daytime where you are.
So to conclude, there aren't really any best currencies to trade, each pair is potentially very profitable. However, the major pairs generally have the tightest spreads and are the most actively traded, and generally conform very well to technical analysis, so these are the currencies I would recommend trading fxyahoo.com

Guide to open Swiss Bank account online

For Opening an Account the Common Account Types are :
•Personal (CHF or Euro): for day-to-day transactions, salary payments, etc. Offers low interest rate
•Saving (CHF or Euro): Offers higher interest rates, but limited withdrawals versus Personal account
•Foreign currency : May be opened in any currency. Usually gives no interest
•Investment / equity account: Out of the scope of this Guide, for now. Will come in the future
Typical Account Costs for Swiss Bank account
Typical costs / account will usually vary from CHF 0 to CHF 100 / year.  Costs usually depend on average balance you hold with the bank and the number of transactions you make.

How to Open an Account - It's simpler than what most people imagine, and here's how it's done:

1. Ensure you have these documents
•Formal ID (Passport)
2. With the above docs, go into any Bank branch, to physically sign a document.
3. Your account is active immediately.

FAQ

1. Do I need a Swiss work permit to open a basic account?
     No, as long as you have an Employment contract.
2. Are there special requirements for US citizens when opening Swiss accounts?
     Some banks may apply particular conditions to US citizens or green card holders.
3. What about 'joint account' for me and my partner ?
     Same requirements as above + both partners need to be physically present to sign the account opening

Open personal account in Euro or CHF

For Opening an Account the Common Account Types are :
•Personal (CHF or Euro): for day-to-day transactions, salary payments, etc. Offers low interest rate
•Saving (CHF or Euro): Offers higher interest rates, but limited withdrawals versus Personal account
•Foreign currency : May be opened in any currency. Usually gives no interest
•Investment / equity account: Out of the scope of this Guide, for now. Will come in the future
Typical Account Costs for Swiss Bank account
Typical costs / account will usually vary from CHF 0 to CHF 100 / year.  Costs usually depend on average balance you hold with the bank and the number of transactions you make.

How to Open an Account - It's simpler than what most people imagine, and here's how it's done:

1. Ensure you have these documents
•Formal ID (Passport)
2. With the above docs, go into any Bank branch, to physically sign a document.
3. Your account is active immediately.

FAQ

1. Do I need a Swiss work permit to open a basic account?
     No, as long as you have an Employment contract.
2. Are there special requirements for US citizens when opening Swiss accounts?
     Some banks may apply particular conditions to US citizens or green card holders.
3. What about 'joint account' for me and my partner ?
     Same requirements as above + both partners need to be physically present to sign the account opening

Offshore Banking Advisor

Offshore banks usually offer the same type of services as domestic banks.

With use of the internet offshore banks offer the same quality of service that you can expect from domestic banks.

Offshore banking services can include deposits, wire transfers, letters of credit, wealth management, certificates of deposit, and other services.

Most offshore bank accounts will include a debit card that can be used at ATM machines all around the world.

Finally, offshore banks can vary from being very basic banks focused on only a few banking services or there are ones that offer a very wide array of banking services.

For more information on Overseas Bank Account, visit http://www.offshorebankingadvisor.com/ – it’s a website offering tips and information on offshore banking and investing. There is a guide to open Bank account for non residents published free for its visitors.

Offshore bank accounts, corporate and personal

Offshore bank accounts, corporate and personal, kept at an offshore bank, allow you to keep the availability of your money, with discretion and confidentiality

In this way, if you live in a country with monetary and fiscal controls or with stringent divorce legislation, you can be sure that nobody can seize your money.

 

Offshore bankers advisors can help you open offshore bank accounts and to get credit cards very fast.

 

The offshore checking accounts opened are endowed with an Internet banking service.

 

The following documents are required to open a personal offshore bank account at an offshore bank:

• Copy authenticated of the passport (of the pages with photo and signature)
• Copy of a second ID document. (U.S. and Canadian citizens are required to submit an authenticated copy of their driver's license).
• Letter of bank references
• Account statement of your bank account or a utility bill (water, electricity, gas or telephone) showing your home address

The following documents are required to open a corporate offshore bank account at an offshore bank:

• Authenticated copy of the incorporation act
• Authenticated copy of the certificate of the Chamber of Commerce
• Declaration of the type of shares (bearer or nominal)
• Board resolution that authorizes the opening of the bank account and gives power to a person to operate and to manage the account
• Description, undersigned by the directors, of the nature of the business 
• Copy authenticated of the passport or of other ID document of all directors and the undersigned.
• U.S. and Canadian citizens are required to submit an authenticated copy of their driver's license
• Account statement of the personal bank account or a utility bill (water, electricity, gas or telephone) showing the home address of the directors and of the undersigned 
• Letter of personal bank references of all the directors and the person authorized to on the bank account

If you need further information on offshore bank accounts, offshore checking accounts, saving accounts, offshore banks, check website offshore banking advisors

Best Places to Retire 2011

By Beth Braverman and Sarah Max
The single most effective move in making your retirement stash go further is, well, a move. "There's nothing more powerful than relocating from a high-cost-of-living area to a low-cost one," says Baltimore financial planner Tim Maurer.
If "low cost of living" conjures up visions of some bleak backwater, think again. MONEY combed its Best Places to Live database to find affordable cities and towns that offer lots to do, both inside and out. Places that are safe, with violent-crime rates below the national average. Where there's good medical care close at hand. And where at least 30% of the population is over the age of 50, so you'll have no shortage of golf or bridge partners.
The ten places you'll read about in the story that follows offer all that — plus they're exceptionally kind to your wallet. Their cost-of-living indexes range from 87 to 97, meaning that as little as 87 cents buys residents what a dollar would buy the average American. Homes are affordable, with median prices below the $173,100 national median (some well below). And tax rates are reasonable, with either no state income tax or significant exemptions for retirees. Could one of these places be your new home?
Footnote: The nation's average cost of living index is 100; the lower a place's number, the less expensive it is. Median home price is for 2010. Source: OnBoard Informatics.
Marquette, Mich.

Photo: Dave Lauridsen

Population: 21,400
% over 50: 30%
Median home price: $145,000
Top state income tax: 4.35% (*Social Security and some pension income exempt)
Cost of living (as % of national median): 95%
As lovely as it sounds to sip margaritas on the beach, doing it year round can get old. This picturesque town on Michigan's Upper Peninsula offers outdoor fun for all seasons. With an average of 141 inches of snow a year, there's plenty of the white stuff for cross-country skiing and other winter sports. And when things warm up, you can grab a kayak and start paddling on Lake Superior.
And when outdoor activities grow tiresome, retirees can take advantage of a wealth of offerings at Northern Michigan University, in town. People 62 or older can attend classes free, and the affiliated Northern Center for Lifelong Learning offers low-cost diversions, from bird watching to dinner clubs.
If all that excitement causes heart palpitations, you're in the right place: Thomson Reuters ranks Marquette General Health System among the nation's top 50 cardiovascular hospitals.
Cape Coral, Fla.

Courtesy: Tarpon Point Marina

Population: 154,300
% over 50: 38%
Median home price: $95,000
Top state income tax: None
Cost of living (as % of national median): 96%
For retirees who are looking for lower taxes, cheap housing and a gentle climate, Cape Coral scores on all fronts. Home prices here, for example, have fallen more than 60% since the 2006 peak. For homebuyers, that means a lot of bang for the buck: A newly renovated three-bedroom, 1,800-square-foot house with a pool was recently bought here for $145,000.
Lots of Florida towns have seen dramatic price drops, of course, but Cape Coral has something else going for it: It's paradise for water lovers. The town is sliced with 400 miles of canals, half of which have access to the Gulf of Mexico, about 20 minutes away by boat.
This quiet place doesn't offer much nightlife. But there's a public golf course, a weekly farmers' market with live music, and a nearby outlet mall. Training camps for the Boston Red Sox and Minnesota Twins are just 15 minutes away.
Boise, Idaho

Photo: David R. Frazier

Population: 205,600
% over 50: 30%
Median home price: $120,000
Top state income tax: 7.8% (*Social Security exempt)
Cost of living (as % of national median): 97%
If you're the type who can't survive without your symphony, art, and theater fix, you may have resigned yourself to staying in some pricey coastal burg during retirement. Take a look at Idaho's capital city instead.
Granted, Boise is no Manhattan. But its thriving cultural scene includes an opera company, a philharmonic orchestra, and a ballet. At Boise Art Museum, which focuses on contemporary American art, you'll see works by Ansel Adams and Chuck Close.
Catch shows at Boise State University's Morrison Center for the Performing Arts, which hosts not only classical events but also touring Broadway shows and such boomer draws as Merle Haggard and Kris Kristofferson. Or hit the annual Shakespeare Festival at the city's 770-seat outdoor amphitheater.
Residents also enjoy all the outdoor activities you might expect of a city that's flanked by mountains and bisected by a river full of fish — and that has a mild climate year round.
Another plus: Violent crime in Boise is little more than half the national average. That's a remarkable score for a city this size.
Danville, Ky.

Photo: Clay Jackson

Population: 16,200
% over 50: 37%
Median home price: $120,000
Top state income tax: 6% (*Social Security and up to $41,110 of retirement income exempt)
Cost of living (as % of national median): 93%
You can't stroll through this small town in horse country without feeling a strong connection to the past. A half-dozen different districts in Danville are listed on the National Register of Historic Places.
It was in Danville's Constitution Square that delegates assembled in 1792 to proclaim Kentucky the nation's 15th state. The original log post office — dating from that same year — still stands, as do many antebellum buildings. And there's plenty in the area to keep Civil War buffs happy, including nearby Perryville Battlefield, where Union and Confederate soldiers skirmished in 1862.
Expect plenty to do in the here and now, too. In the past 18 months, a new microbrewery and three new restaurants joined the art galleries and gift shops downtown. The Norton Center for the Performing Arts, at 190-year-old Centre College, offers many cultural events. In summer, Danville shows free outdoor movies each week; in fall it hosts an annual arts festival (with historic reenactments) that draws artists from all over the state.
Two more pluses: The area's regional medical center is right in town. And the urban amenities of Lexington and Louisville are a 40- and 90-minute drive away, respectively.
Weatherford, Texas

Photo: Megan Parks

Population: 25,200
% over 50: 31%
Median home price: $150,000
Top state income tax: None
Cost of living (as % of national median): 87%
As the Dallas/Fort Worth metro area expanded over the past couple of decades, many communities were overtaken by McMansions, shopping centers, and congestion. But Weatherford, 33 miles from Fort Worth, has maintained its own identity — which is all wrapped up with horses. Specifically, cutting horses, which herd cattle and perform in exhibitions.
Dozens of professional trainers can be found here; residents can catch horse-cutting events at the nearby Silverado Arena or saddle up and canter out on the 26-mile trail that winds through the countryside.
Those not into equine pursuits can enjoy the laidback vibe of Weatherford's charming downtown, which includes a recently restored courthouse and boutique shops. There's also boating and fishing in Lake Weatherford — though the severe drought conditions that have gripped much of the state this year have made such recreation difficult (and forced the town to impose limits on water usage).
Here you can live in a Victorian house — or on a sprawling ranch. The affordable wide-open spaces, plus the lack of state income tax, are a big draw for retirees.
Southaven, Miss.

Courtesy: City of Southaven

Population: 49,000
% over 50: 28%
Median home price: $145,000
Top state income tax: 5%
Cost of living (as % of national median): 88
This vibrant little city is a suburb of Memphis, but since it's located on the Mississippi side of the state line it offers some unique tax perks: For homeowners 65 or older, the first $75,000 of a primary home's market value is exempt from property taxes. Not bad, considering you can find a great rambler for less than $150,000. Meanwhile, qualified retirement income and Social Security income is exempt from state taxes.
But Southaven is more than just a tax haven. It's also a regional hub for medical care, thanks to its state-of-the-art, 339-bed Baptist Memorial Hospital-DeSoto.
Of course, a town can't be located that close to Memphis without offering something for music lovers. Southaven's DeSoto Civic Center and Snowden Grove Amphitheatre are a destination for big-time music and entertainment acts. If that isn't enough then it's always an easy drive to the blues clubs on Beale Street or the northern tip of the famous Mississippi Blues Trail.
Clarksville, Tenn.

Courtesy: Clarksville-Montgomery County EDC

Population: 132,900
% over 50: 22%
Median home price: $136,000
Top state income tax: None (*Salaries, wages, Social Security, IRAs and pension income are not taxed. However, a 6% tax is levied on stock dividends and interest from bonds and other obligations.)
Cost of living index (as % of national median): 88
This charming city near the Kentucky border boasts many grand 19th-century homes and historic buildings, but it isn't stuck in the past. Clarksville's three-year-old, 270-bed Gateway Medical Center offers cutting-edge specialty care in dozens of practice areas, from cardiology to oncology.
Home to Austin Peay State University, the city has a thriving arts scene, both on and off campus. Outdoor enthusiasts can cruise the Cumberland River or explore more than a dozen walking trails and state parks.
Small cities with so much to offer usually come at a premium. Yet retirees looking to downsize will be pleasantly surprised by the region's low cost of living. Spacious new brick homes here sell for less than $150,000. Plus, there are no state taxes levied on Social Security, salaries, wages, IRAs, or pension income.
Broken Arrow, Okla.

Courtesy: Lake Charles Convention & Visitors Bureau

Population: 98,900
% over 50: 26%
Median home price: $145,000
Top state income tax: 5.5%
Cost of living index (as % of national median): 88
This Tulsa suburb is far from a sleepy bedroom community.
In the past few years alone, Broken Arrow has seen some notable new developments, including the opening of a 20,000-square-foot YMCA with many programs geared toward active older adults; an impressive performing arts center that raises its curtain for everything from the local orchestra to Broadway tours; and a 68-bed hospital within the highly acclaimed St. John Health System. A half a dozen golf courses, miles of bike and walking paths, two community centers, and civic groups galore add to the attraction.
And with updated one-story homes starting in the low $100,000s, you'd be paying about half what you would to move to some comparable communities.
Lake Charles, La.

Courtesy: TravelOK.com

Population: 72,000
% over 50: 34%
Median home price: $124,000
Top state income tax: 6%
Cost of living index (as % of national median): 91
Leisure time in Lake Charles largely revolves around its eponymous lake, which boasts a sandy beach and waterfront promenade. Throughout the year, the lake is the backdrop for boat parades, firework displays, and festivals celebrating everything from Cajun culture to pirate lore. (The city hosts more than 75 festivals each year.)
Lake Charles is also a regional hub for retailers, academia, medical care and the arts. McNeese State University's "leisure learning" program offers classes and lectures in everything from cooking dim sum to writing short stories. The university's new $16 million Shearman Fine Arts Building, meanwhile, is a notable addition to Lake Charles' robust performing arts community, which includes a symphony, civic ballet, and children's theater company, to name a few.
What's not to like? The city is 30 miles upriver from the Gulf of Mexico, making it vulnerable to hurricanes and floods.
Winston-Salem, N.C.

Courtesy: VisitWinstonSalem/Wachovia

Population: 229,600
% over 50: 34%
Median home price: $133,000
Top state income tax: 7.75%
Cost of living index (as % of national median): 91
Winston-Salem may be known for its close ties to the tobacco industry, but over the past decade the high-tech sector has helped breathe new life into this central North Carolina city.
For retirees, this economic renaissance has translated into a cultural renaissance, complete with a bustling downtown art district, live music events several nights a week, and an internationally recognized film festival.
Winston-Salem has a longstanding tradition supporting the arts. Its symphony, founded in 1947, is the oldest in the state; its arts council was the first in the nation; and the University of North Carolina School of the Arts is among one of the most prestigious in the country.
http://finance.yahoo.com/retirement/article/113505/best-places-retire-2011-cnnmoney

What is a Limited Liability Companies (LLC's) ?

Limited Liability Companies (LLC's)
Concept, Similarities and Advantages

CONCEPT

A US Limited Liability Company LLC is a hybrid business entity which allows a person or persons to operate their business without putting at risk their personal assets through limiting their liability, without the complexity of the commonly used corporation. The corporation is a company limited by shares, while an LLC does not issue shares and its owners are referred to as members.

In 1874 the state of Pennsylvania enacted a law which authorized the formation of the limited partnership association and is considered to be the forerunner to the Limited Liability Company (LLC), and bears a striking resemblance to it in law. The Limited Liability Company Law was first enacted in Wyoming in 1977 and now all 50 states of the US have similar legislation.

The US Internal Revenue Service (IRS) was unsure at that time whether to treat an LLC like a partnership or a corporation (company limited by shares) for tax purposes. This uncertainty made the business community nervous and the business form was not widely used. In 1988 the IRS finally ruled that a Limited Liability Company (LLC) formed under the Wyoming Statute was eligible for pass-through tax status, in other words, treated like a partnership under the Tax Code. The LLC became popular as a business form which was taxed like a partnership, while allowing personal liability protection similar to a corporation (company limited by shares). After the Wyoming Act of 1977 and the IRS ruling in 1988, the LLC became universally accepted and every state within the union now have legislation enabling this form of business organization.

While each state provides for the formation of a Limited Liability Company, there are differences in minor aspects of the law from state to state; however the fundamental concept is the same.

• The LLC is formed by filing Articles of Organization with the state secretary of State.
• An LLC does not have shares. The owners are therefore not shareholders but members.
• The LLC can be formed with one member.
• Members are not liable for the debts of the entity.
• There is no tax liability on the LLC unless the members clearly choose to be taxed like a corporation (company limited by shares).
• Non-resident aliens may be members of an LLC which has it referred to as an "offshore LLC".

BUSINESS ENTITY OPTIONS

In the United States, there are various forms of business entities. Depending on which form is chosen, your tax and ownership considerations change.
The common forms of business entities are:

• Sole Proprietor
• Partnership (General or Limited Partnerships)
• Corporations ("C" Corporations and "S" Corporations)
• Limited Liability Company (LLC)

SOLE PROPRIETOR

A sole proprietor is the entity in which a person opens a business alone without incorporation or any agreement with others. No forms or filing is required and the tax liability is the sole responsibility of the owner on an individual basis. Any debt or other liability is totally the responsibility of the proprietor and to the extent of all his personal and business assets.

GENERAL PARTNERSHIP

A General Partnership is formed when two or more persons get together to conduct a business or trade. A verbal agreement between the partners is enough; however, a written agreement is encouraged. There are no filing or registration requirements. Each partner is taxed on his share of the profits as distributed by the partnership and treated as personal income.

The downside to this business entity is that partnership debt and other liabilities are the responsibility of the partners and extend to their personal assets.

LIMITED PARTNERSHIP

A Limited Partnership is very similar to the General Partnership, however, the Limited partners are not liable for partnership debt and only their investment is at risk. In the Limited Partnership, there must be a general partner who has total management responsibility. If the limited partner gets involved in management, they risk losing their liability protection. The Limited Partnership is required to file a document with the Secretary-of-State and the partnership is governed by a Limited partnership Agreement.

Taxation is on a personal income basis (flow-through taxation) and the partnership is limited to 35 members.

CORPORATION

A corporation is limited by shares, therefore carries with it protection for its stockholders and the corporation pays taxes. The corporation pays taxes on its earnings and the owners pay taxes on the distribution of profits, after tax (dividends), which makes it a double taxation entity. The corporation is formed by filing Articles of incorporation with the Secretary-of-State and the control of the corporation is the responsibility of the Board of Directors, scrupulous records and accounts must be kept.

The subchapter "S" Corporation is a variation of the "C" Corporation and under a different IRS Tax Code. The "S" Corporation is allowed the flow-through taxation treatment similar to that of a partnership and sole proprietorship. Double taxation is avoided by its owners/shareholders. The limitations however are that:

• Ownership is limited to 75 stockholders.
• Owners cannot be corporations, partnerships, pension plans, charitable organizations, certain trust.
• Non-resident aliens cannot be shareholders.

To maintain subchapter "S" Corporation status and therefore flow-through taxation status, there is a requirement for strict compliance with stringent rules.

LIMITED LIABILITY COMPANY (LLC)

The Limited Liability Company (LLC) is a hybrid with similarities and differences with the other business forms:

• It is a separate legal entity like a corporation
• It does not have shareholders, but rather it has members.
• Its members are protected with Limited Liability. Their personal liability is limited to the amount invested in the LLC
• For USA incorporation the members can be physical persons or entities, including corporations, partnerships, trusts etc.
• Non-residents can be a member of the LLC. ("Offshore LLC's")
• It is taxed like a partnership which has the benefit of flow-through taxation.
• Can be formed with any amount of members.
• An LLC does not pay taxes; its resident members are tax liable as personal income similar to a partnership. Non-resident members are liable for taxes on income derived from the US.
• Foreign members are not liable to tax and don't have to file tax forms if the income derived is not from the United States.
• The only document required to register your company, (company formation), with the local Secretary-of-State is the Articles of Organization.
• An LLC has a limited life span.

A US organized Limited Liability Company is a good vehicle for persons who conduct international business and wish to minimize their tax liability which is why they may be referred to as offshore LLCs.

The US Limited Liability Company allows Non-US resident full ownership and these members are not required to file any tax returns once the income of their LLC is not derived from the United States and it is not effectively connected with trade or business within the United States nor do they employ US residents or rely on a dedicated place of business within the United States. This does not apply to an office which is infrequently used.

A US LLC can be used in the same way an offshore business company registered in a Tax Haven may be used if you do not plan to trade with the United States.

Open your US account now!!

Many US non-residents are incorporating companies in the United States, some of which are operating within the country, others of which are operating entirely outside. With the proliferation of the Internet, many non-US citizens are incorporating US companies to own their web sites even though they have no tangible connection with the US other than the registration of their company.

In general, there are no citizenship or residency requirements to incorporating a company in the US. However. there are several factors that should be considered.

Most states will not require disclosure of Director information at the time of formation but almost all will ask for this information at the time of filing the next year's Annual Report. Please ask about our Nominee Services if appropriate.

PASS-THROUGH TAXATION
For many people, pass through taxation, or the ability to have their entity treated as a non-tax-paying (transparent) entity is important. For US non-residents, use of an S Corporation is not possible because one of the requirements of becoming an S Corporation is that all shareholders must be US residents. This objective can be achieved by incorporating a Limited Liability Company (LLC) instead of a corporation. (See Corporation v LLC from the home page.)

TAXED AS PARTNERSHIP OR CORPORATION
The LLC can, with the filing of it's Application for Employer Identification Number (Tax ID), elect to be taxed as either a partnership or a corporation. This election, with certain restraints, may be changed in subsequent years.

FILING A US RETURN
For a corporation formed in the US, there is an absolute requirement that it file a US tax return regardless of whether there is US income. In contrast, the LLC is taxed as a partnership and the partners (principals) must file and pay individual US taxes only if they operate a trade or business in the US or if they have US-source (effectively-connected) income.

MIXED US AND NON-US SOURCE INCOME
In this situation, it will usually also be more advantageous to form a Limited Liability Company instead of a corporation. With a US corporation, it is taxable on its global income whereas the LLC will be taxed as discussed above.

WHERE TO FORM YOUR COMPANY
In the US, you can create your company in any state you choose. If you plan to have an office in the US, it may be cost-effective to form your company in that state. The majority of US non-residents without a strong reason to form in any given jurisdiction choose Delaware or Nevada because of their business-friendly environment and easy compliance requirements.

WHAT'S MY ADDRESS?
Every state will require a Registered Agent/Registered Office with an address in that state for receipt of service of process or other official communications. This is not your business address or mailing address which can generally be anywhere you wish. We do howevre offer both services - see below. Please remember NOT to use your RA/RO address for anything other than official purposes as described above.

What is a Limited Liability Company?
The LLC is a distinct business entity. An LLC offers an alternative to partnerships and corporations by combining the corporate advantages of limited liability with the partnership advantage of pass-through taxation.

Limited Liability Companies are a relatively new business form in the United States, though they have a long-standing history in europe. LLCs were first formed in the United States in 1977, and were granted pass-thru tax status by the Internal Revenue Service in 1988.

As a result, LLCs can elect to be taxed like partnerships, only at the individual level when profits are paid as dividends. This yields a considerable advantage over C corporations, which are subject to double-taxation - once at the corporate level, and again at the individual level when profits are paid as dividends to the shareholders.

Similar to corporations, LLCs shield personal assets from business debt. Note, however, that LLCs have a limited life of about 30 years, depending on the state and do not have stock (and thus do not get the benefit of stock ownership and sales). Currently all 50 states recognize the LLC business form.

How many people are needed to form an LLC?
As of January 1st, 1999 only two states require two members. These states are: The District of Columbia and Massachusetts.

What is the organisational structure of an LLC?
An LLC is owned by its members. An LLC may be managed by its members (owners) or by selected a manager.

If an LLC is managed by its members, it operates similar to a partnership. Each member has an equal say in the management of the LLC.

If the members choose, they may elect a manager to act in a capacity similar to a corporation's board of the affairs of the LLC.

Member management, however is the normal default rule of state law.

How is the ownership of an LLC evidenced?
An LLC issues certificates indicating the particular holder's percentage of ownership in the business. These membership certificates are included in our corporate kit

What are the advantages of an LLC?
LLCs offer numerous advantages:

Limited Liability: For the members of an LLC, liability is limited to the amount of capital which the member has invested in the LLC. Therefore, members of an LLC are offered the same liability protection as a corporation's shareholders.
Pass-Through Taxation: LLC's allow for pass-through taxation. That is, the earnings of an LLC are only taxed once.
Flexible Management Structure and Flexible Ownership: LLC's are generally free to establish any organisational structure agreed on by its members.
What is a registered agent?
A registered agent provides a registered address for the receipt of service of legal papers and as a local contact for the Secretary of State and other government agencies. The registered agent receives notice of any suits, tax notices, etc. and then forwards them to the LLC.

It is possible for you to act as your own registered agent as long as your registered address is within the state that you are forming the LLC in.

How do I get started?
Upon receiving your completed order, will immediately file the Articles of Organization with the state government.

After your Articles are filed, your LLC should have an organisational meeting where an operating agreement is adopted. We will provide you with the proper Operating Agreement template. Member certificates can be distributed to members and these transactions should be recorded in the LLC ledger. All of this information can be maintained in a limited liability company record book, which is included in the corporate kit that we provide you with our Full or International plan.