MIRRASIA  BUSINESS  ADVISORY

California Incorporation Guide (LLC)

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LLC establishment fee: USD1,300
Government Business License Fee: USD 800
Total: USD2,100

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Seker (Cyprus) bank account opening fee: USD 400

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Estimated lead time: 4-7 business days

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Establishment includes:
1. Company establishment registration
2. Articles of incorporation and documents required for company establishment
3. California Business License Fee (USD800)
4. California LLC Address and Mailing Services
5. California LLC Contact Listing Service
6. Issuance of an Employer Identification Number (EIN)

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Bank account opening service:
Cyprus Seker bank account: USD 400
Tennessee Bank Account: USD2,000
Florida bank account: USD 2,000 (in person required)
California bank account: USD2,000
New York bank account: USD2,000
Nevada bank account: USD2,000

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Annual renewal fee: USD 1,200
Government Business License Fee: USD 800
Total: USD2,000

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If your annual income is more than USD 250,000, you will incur the following business license fees.

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     annual income                 expense
$250,000 - $499,999         $900
$500,000 - $999,999         $2,500
$1,000,000 - $4,999,999      $6,000
$5,000,000 or more             $11,790

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Annual renewal includes:

1. Annual Report
2. California LLC Address and Mailing Services
3. California LLC Contact Listing Service
 

Additional services (separate estimate):
1. ITIN issuance
2. Issuance of Sales Tax Registration and Resale Certificates
3. Federal Tax Return and Form 5472
4. Accounting Services

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Establishment Requirements:

There must be at least one shareholder and director, and one person can concurrently serve as a shareholder and director.

No restrictions on the nationality of shareholders or directors at the time of establishment

Depending on the industry, establishment may not be possible or a license may be required, so prior confirmation is required.

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Requirements and documents required for establishment:

1. A copy of the shareholder/director's passport

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2. Two types of documents for the most recent (within 3 months) address in English for shareholders/directors
   - Residency in Korea: English certified copy (community center) + Scan the front/back of the driver’s license  ( View sample )
   - Residence in another country: Utility Bill + Bank Statement (or equivalent official document)   ( View sample )

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3. Fill out the application for establishment

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Procedure:
1. Submit the required documents for the shareholder/director to be registered:
2. Payment of establishment cost
3. Confirmation after confirming whether the name of the corporation is possible
4. Sign the incorporation document provided by our company and send it by international mail
5. Proceed with establishment after receiving documents
6. Incorporation within 7-10 days after receipt of documents​ completion

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​ *If you wish to open an account after establishment, please contact us in advance.