Despite the challenging situation Venezuela has faced in recent years, it’s also true that in 2023, thousands of Venezuelans are seeking solutions through online businesses, offering products or services abroad.
This way, they can earn in dollars and generate significant income.
If you are an entrepreneur or businessperson living in Venezuela and want to open an LLC in the United States without leaving the country, you’ve come to the right place. We will explain how to do it step by step and answer the most frequently asked questions.
Let’s get started.
Requirements for Opening an LLC in the United States
One of the most attractive reasons why thousands of Latin Americans (including Venezuelans) are opening LLCs in the United States is that the only requirement is to be over 18 years old.
If you are over 18 years old, you are ready to start your Limited Liability Company because:
- You don’t need to travel to the United States.
- You don’t need an address within the U.S.
- You won’t be asked for a passport or, even less, a Visa.
- You don’t need a U.S. phone number.
- You are not required to have partners or employees; you can open your LLC as the sole owner.
- You don’t need to reside in the U.S.
- You don’t need a U.S. tax identification like the SSN or ITIN.
Knowing this, you can feel confident that you will be able to open your Limited Liability Company without worrying about a large number of documents that you probably don’t have.
So, Can You Open an LLC in the US from Venezuela and from Home?
That’s right.
As we mentioned earlier, you don’t need to live in the United States, be an American citizen, leave your country, or have documents like the Social Security Number or ITIN.
Therefore, you can enjoy two options:
- Learn step by step how to open your LLC in the US from Venezuela.
- Request the LLC creation service from Rex Legal and forget about the entire process. We will do it for you quickly and easily.
Steps to Open a Limited Liability Company
Select the Registration State
The first step you need to complete is selecting the state where you will register your LLC.
It’s essential to think about this initial step because each state has its own laws and taxes. So, it’s best to analyze what could be your best option. You can read our article about the best US states to start a business in 2023 to help you with this decision.
Define the Number of Members
An LLC can have a single member, 2, or many more. There are no limits to the number of owners within this type of business structure.
So, you need to determine the number of individuals who will own a portion of the Limited Liability Company.
Choose a Name for Your Business
Clearly, it’s important to select a name for your business. And to do so, you must consider 4 mandatory points:
- The name you choose must be unique; it cannot already be registered in the same state where you’re opening your LLC.
- It should include the term “Limited Liability Company,” which can be in its abbreviated form (LLC, L.L.C, Ltd, Limited, Company, Co).
- It cannot include words that might confuse your company with government agencies, such as FBI, Treasury, or State Department.
- Finally, it cannot include restricted or limited words like Attorney, University, or Bank.
Submit the Articles of Organization
Once you have defined the previous 3 points, it’s important to fill in this information and additional details in a document called Articles of Organization.
This document must be submitted to the state where you are registering your LLC, and it can be done online. It should include the following information:
- Company name.
- Business address. In some states, you may need to provide a U.S. postal address.
- Names of the members/owners. This information is not required in all states, so thorough research is essential to determine the state that best suits your needs.
- Information about the Registered Agent, the person or entity authorized to receive information regarding your Limited Liability Company’s tax and legal requirements. Having a Registered Agent is mandatory, and if you need assistance with this, you can explore our Registered Agent service.
- Business activity and purpose. This involves describing your business and providing detailed information about the products or services you offer.
Create an Operating Agreement
The Operating Agreement establishes the company’s structure.
This document includes information about the responsibilities of each member, such as who will handle various processes, management, finances, team supervision, etc.
It also defines protocols for specific events. You can include as much information as you wish; it’s essential to cover as much as possible, as this document will help prevent misunderstandings in the future.
How Do Taxes Work?
That’s why we always recommend seeking guidance throughout the opening process, as doing things correctly can benefit you greatly in the future. So, if you need assistance, you can reach out to us on our WhatsApp to schedule a free consultation.
Frequently Asked Questions
Do I need an SSN to open an LLC in the US from Venezuela?
No, you don’t need it. The only requirement will be that you are over 18 years old.
Do I need to travel to the United States?
No, so don’t worry if you don’t have a Visa, as you can register your company from home.
Can I open an LLC in the US from Venezuela with only myself as a member?
Yes, you can be the sole owner of your LLC. Just follow the same steps to register your company, and you can have your business registered in the United States without leaving Venezuela.
How long does it take to register an LLC in the US?
It depends a lot on the state where you register your LLC.
In some states like New Mexico, it can take only 1-3 business days, in others like Florida, 5-7 business days, and in states like Delaware, it can take 4-12 weeks (although if you pay the $100 expedited processing, it would take only 2-3 weeks).
In an LLC, profits are passed directly to the company’s owners without corporate-level taxation. However, these profits must still be reported.
Even though corporate-level taxes are not paid, at the individual level, each member must pay taxes on their earnings.
However, depending on the state where you establish your LLC, you could be exempt from certain taxes, and in some cases (based on various factors), you might be entirely tax-exempt.
Need Help Opening Your Business in the USA from Venezuela?
If the entire process seems too complicated or time-consuming, we can assist you with every aspect of setting up an LLC.
So, if you want to delegate the procedures and steps required to start your business, just contact us. We will be happy to assist you.
