BACK

Oklahoma Limited Liability | Oklahoma LLC

Not recognised as a tax haven jurisdiction.  It is ideal for holding companies or trading companies.  The most common type of company is the Oklahoma LLC (Limited Liability Company) since this can be structured to avoid charge to US taxation.

For a full copy of our datasheet please do not hesitate to contact us on telephone number +350 200 76651 or simply click here to email us.

           

ADVANTAGES

           		            

Limited liability companies are free from all US taxes.  There is no State annual franchise tax. Not  recognised as a tax haven jurisdiction.

           
           

CORPORATE LEGISLATION SOURCE

           		            

The Oklahoma Limited Liability Company Act

           
           

COMPANY STATUS

           		            

Limited Liability Companies (LLC)

           
           

USUAL MINIMUM CAPITAL

           		            

No minimum

           
           

COMPANY NAME

           		            

Prior approval required, some names sensitive

           
           

TIME TAKEN TO INCORPORATE

           		            

1 - 2 weeks

           
           

ARE SHELF COMPANIES AVAILABLE

           		            

Yes

           

 

OKLAHOMA LLC

The chief attraction of an Oklahoma LLC's is that its owners gain complete protection against liability for company obligations as with a corporation and yet they receive partnership tax treatment.  Income and gains are attributed directly to the members and not to the corporation itself.

The owners of an Oklahoma LLC are called "members".  Members are similar to the shareholders of a Corporation.  The members may exercise direct control over the company, according to their individual percentage of ownership, or may appoint one or more "managers".  If managers are used, they perform functions commonly associated with corporate secretaries and directors.  The manager can be a trust or a corporate body if required.

Advantages

Limited liability protection for the members

Can avoid paying any taxes in the US, unlike corporations which are taxed on their worldwide income

Members and  Managers need not be resident

Avoiding US Taxes

The use of an Oklahoma LLC creates exciting tax planning opportunities for the international community, when all four of the following requirements are met:

1.  The members are neither citizens nor residents of the US.
2.  The Oklahoma LLC does not engage in a trade or business within the US.
3.  The Oklahoma LLC does not have an office or other fixed place of business within the US.  It can however use a mail forwarding service.
4.  The Oklahoma LLC does not earn an income in the US.

The profits generated by a non-resident Oklahoma LLC is not taxed in the United States.  Ownership of an LLC should be established in a tax-free or low tax jurisdiction.