Perhaps, some people do not associate American states with the usual offshore territories, but the distinctive features of the legislation of some territories allow them to be classified as offshore.
Offshore Arkansas, for example, offering to register a company on its territory, endows it with all the attributes inherent in American firms. But what is the difference between companies registered in Arkansas and other states? The difference is obvious: in accordance with the legislation in force in the territory of the state, any business entity registered on its territory, but conducting business outside the United States is exempt from the obligation to maintain tax records in the United States. This is how a full-fledged offshore Arkansas is obtained.
The questions do not end there. How can an offshore Arkansas exist in a country like the United States and is it possible not to pay taxes there? It turns out that a company in Arkansas exists perfectly well within the borders of the state, but some rules must be followed. Information about the registration of the company does not go beyond the state. In this case, it is not automatically registered with the IRS (Internal Revenue Services). Carrying out commercial activities in the United States, the head of the company is forced to register with the tax authorities, pay taxes and file reports. If the company is created to operate outside the United States, the tax authorities will never know about it.
Company options
As one of the most attractive for company registration, the American state of Arkansas offers two main types of companies: LLC and corporations.
Corporations correspond to the spirit of American business - this is a classic form of enterprise. Corporations that have not received an EIN (are not registered with the tax authorities) and conduct their business outside the United States, do not have American residents among their residents, and pay only an annual fee.
A newer and more attractive form of company is LLC (Limited Liability Company). In addition to the absence of taxation if the business is not conducted in America and there are no Americans among the counterparties, the personal liability of each of the owners and managers is limited to their personal investment in the company.
