Taxation of LLCs in Puerto Rico as Partnerships
LLCs in Puerto Rico are taxed as partnerships. The taxation of LLCs in Puerto Rico is generally the same as that of regular corporations.
Advantages of LLCs
- Limited Liability of the owners is the first and most important one. Members of an LLC benefit from the ‘limited liability’ characteristic of this legal entity and are protected from personal liability for business disputes that arise between the LLC and a third party.
Taxes and Regulations
- Toda LLC, sin importar la cantidad de propietarios que tenga, mientras sean extranjeros, está exenta de pagar impuestos si no realiza una actividad comercial calificable como ETBUS.
- ¿Eres extranjero con una LLC en los Estados Unidos? Entonces necesitas estar al tanto del formulario 5472 del IRS, el cual deben declararlo las LLC de propiedad extranjera.
- Antes del año 2017, las LLCs de único miembro con propiedad extranjera, gozaban con la excepción de no necesitar declarar impuestos.
Formation and Ownership of LLCs
- An LLC is formed by filing articles of organization with the Secretary of State in the state where the LLC will do business.
- An LLC is owned by one or more members.
Tax Declaration for Single-Member LLCs
- Las empresas unipersonales y las LLC unipersonales declaran sus impuestos empresariales en el Anexo C; los ingresos se contabilizan entonces en la declaración de impuestos anual personal del propietario.
- A single-member limited liability company (LLC) is a type of business structure that’s an alternative to being a sole proprietorship.