LLC stands for Limited Liability Company. This legal entity helps protect your personal finances from potential issues or lawsuits against your business while avoiding double taxation. By creating an LLC, you only need to pay taxes as an individual, not at the company level.
The C Corp is a more formal structure that follows some specific regulations such as adopting bylaws, holding frequent shareholders meetings, and issuing stocks. In addition, it is subject to state and federal taxes at the company level, plus shareholders taxation in case of profits distribution.
Choosing the State based on your preferences and the business’ particularities is essential. For example, Wyoming offers the fastest formation and is one of the most affordable states. On the other hand, Florida’s usually the favorite State for Latinos, despite being more expensive than Wyoming.
We offer LLC and Corp formations in Wyoming, Florida, Delaware, Texas and New Mexico. We are specialized in E-commerce and Online Services companies, such as D2C or B2C Brands, Dropshipping, Software, Technology, Marketing, and Digital products.
Globalfy is not able to open bank accounts or provide business services to residents from Afghanistan, Belarus, Burundi, Cuba, the Central African Republic, Congo, the Democratic Republic of the Congo, Iran, Iraq, Lebanon, Liberia, Libya, Nepal, Nicaragua, North Korea, Pakistan, Russia, Somalia, South Sudan, Sudan, Syria, United Arab Emirates, Yemen, or Zimbabwe.
We accept Mastercard, Visa, American Express and Diners credit and debit cards. Cards from outside the US must be able to do international transactions. If you’d like to pay by PayPal or wire transfer, please, get in touch with us.
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