The St. Vincent and the Grenadines Limited Liability Companies Act 2008 allows the formation of both a Single LLC and a Series LLC. Under a Series LLC, a Single LLC is authorized ownership of multiple LLCs that own a single asset business. Each series, company or unit have different purposes, with members holding different rights, duties and powers. The Series LLC offers robust asset protection to investors under one company, with any liabilities of a single LLC within the Series neither affecting nor jeopardizing any other assets within it.
Features
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St Vincent LLC |
Company Details |
|
General |
|
|
LLC |
|
Common Law |
|
Limited Liability Companies Act 2008 |
|
Yes |
|
No |
|
2 Business Days |
|
Nil |
|
No |
|
Share capital or equivalent |
|
|
US$ |
|
Any |
|
No minimum |
|
N/A |
|
N/A |
|
N/A |
|
Managers |
|
|
One |
|
No |
|
No |
|
Anywhere |
|
Yes |
|
Members |
|
|
One |
|
No |
|
Yes |
|
Anywhere |
|
Company Secretary |
|
|
No |
|
No |
|
Accounts |
|
|
No |
|
No |
|
No |
|
No |
|
Other |
|
|
No |
|
Yes |
Advantages
- As a separate legal entity distinct from Manager and Members, the LLC has a completely separate set of rights and existences
- Reduced exposure to risk, with no LLC Members being held personally liable or responsible for any form of company debt
- Companies are exempt for 25 years from all forms of taxation
- LLC use is unrestricted and the company is permitted to undertake any act established for a purpose that does not contravene St. Vincent and the Grenadines law
- Simplified business structure, requiring no corporate minutes or resolutions.
The Valsen Advantage
- Speedy, Efficient and consistent Services.
- Relentless effort to obtain bank accounts.
- Expert advice on structuring options.
- Dedicated ongoing compliance support.