Frequently Asked Questions

No! We work with entrepreneurs and businesses from all around the world.

No! It is each person's decision to make their own tax declaration.

An LLC (Limited Liability Company) is a legal entity that combines features of partnerships and corporations, providing its owners (called members) with certain benefits of liability protection and flexibility in terms of structure and operations. The main feature of an LLC is that it offers its members limited liability protection, meaning owners are not personally responsible for the company's debts and obligations. Here are some key characteristics of an LLC: • Limited Liability: LLC members are generally not personally liable for the company's debts and obligations. This means their personal assets are protected if the company faces financial difficulties or legal claims. • Structural Flexibility: LLCs offer flexibility in terms of organizational structure and management. Members can choose to manage the company themselves (single-member LLC) or designate managers (multi-member LLC) to handle daily operations. • Flexible Tax Treatment: LLCs typically have flexible options regarding how they are taxed. They can choose to be treated as a separate tax entity, or the LLC's income and expenses can pass directly to the members' personal income, avoiding double taxation. • Easy Formation and Maintenance: Creating and maintaining an LLC is usually less complicated than a corporation. Reporting and record-keeping requirements are generally less demanding. • Unlimited Number of Members: Unlike some other legal forms, LLCs can have an unlimited number of members, providing flexibility in ownership structure.

A C-Corporation (C-Corp) is a legal entity used in the United States to organize and operate a business. It is a business structure that is considered legally separate from its owners, meaning the corporation is responsible for its debts and obligations, and the owners (called shareholders) have limited liability. Here are some key characteristics of a C-Corporation: • Limited Liability: C-Corp shareholders generally have limited liability, meaning their liability for corporate debts and obligations is limited to the amount of their stock investment. • Stock-Based Ownership Structure: Ownership of a C-Corp is divided into shares, and shareholders own these shares based on how much they have invested in the company. • Separate Tax Treatment: A distinctive feature of C-Corps is their separate tax treatment. The corporation files a tax return for its own income and expenses. • Perpetuity and Continuity: A C-Corp has perpetual existence, meaning it can continue to exist regardless of ownership changes. • Management Structure: C-Corps typically have a more formal management structure with a board of directors that makes strategic decisions.

An EIN (Employer Identification Number) is a unique identification number assigned to a business entity so it can be easily identified by the Internal Revenue Service (IRS). It is required by many banks or institutions (such as the IRS) to conduct business in the United States.

A checking account at an American Bank with the ability to receive payments and make transfers, as well as a Visa debit card that you can use at any point of sale or ATM.

No! LLC partners declare their profit or loss at the end of the year.

The founding document of your company. It is registered with the state's chamber of commerce. It tells us the company name, who the directors and shareholders are.

An agreement that regulates the parameters under which the company partners operate and the role they play.

A document that allows one partner to represent the company to open bank accounts without other partners present.

Generic contracts that can be used as a reference to create customized contracts.

It means that the bank where we will create your account allows transfers to and from crypto exchanges.

We process your information and documents within 48 hours so your company is ready as soon as possible.

We process your information and documents within 24 hours so your company is ready as soon as possible.

Yes! When creating your LLC, you can opt for our accounting service.

You can contact our support team using the email info@dasbanq.com or schedule a free consultation.