Public Limited Company, Welsh language equivalent to PLC.Ĭompany. Public Limited Company.Ĭwmni Cyfyngedig Cyhoeddus. Flemish language equivalent of the SPRL - means that the company is a private limited company.Ĭompania Anonima.
Limited Liability Company.īesloten Vennootschap met Beperkte Aansprakelijkheid. Limited Liability Partnership.īesloten Vennootschap. Public stock corporation.Īruba Vrijgestelde Vennootschap. Joint Stock Company, equivalent to a corporation.Īllmennaksjeselskap. Joint Stock Company, equivalent to a corporation.Īnonim Sirketi. Joint Stock Company, equivalent to a corporation.Īktsiaselts. Stock Company, equivalent to a corporation.Īkciova Spolecnost. Similar to a general partnership, but the entity with unlimited liability is a company (ApS) instead of an individual.Īksjeselskap. Establishment having attributes of a trust and a corporation. Joint Stock Company, equivalent to a corporation.Īndelsselskab. Joint Stock Company, equivalent to a corporation.Īktiengesellschaft. Limited Liability Company.Īnonymos Etairia. Association of businesses.Īktsionerno Druzhestvo. Civil Association of a non-commercial nature.Īgrupamento Complementar de Empresas. Joint Stock Company, equivalent to a corporation.Īsociación Civil. See TMEP §803.03(i) for further information.Īsociación en Participación. The appendix also includes a description of the foreign designation and, in some cases, the equivalent United States entity. Considering these issues and those of limited life and transferability, this is also not a recommended choice.This table lists common foreign designations, and their abbreviations, used by various foreign countries to identify legal commercial entities. As a sole proprietor, your liability is unlimited. You are required to obtain a permit to work and you must be a resident, but not necessarily a Mexican national.
Sociedad en nombre colectivo full#
Full year tax compliance services, including an annual tax return run from $1,000 U.S.įor legal and tax purposes, an individual is permitted to operate as an individual enterprise in Mexico. The cost to set up a corporation or a limited liability LLC with foreign investors begins at approximately $2,000 U.S. A power of attorney is often used to allow an individual flexibility in their travel arrangements while conducting business in Mexico. In setting up a corporation, the use of a Notario Publico is required. The notary is ultimately responsible to the Mexican government. They are responsible and legally liable for the accuracy of his/her work. Unlike the U.S., the notary title in Mexico distinguishes an attorney who is appointed by the State Governor. Only a Mexican Notario Publico can prepare a deed for real estate transactions.
These forms of organization are not used as often as is a corporation. Capital shares are provided to its members. Setting up a Sociedad de Responsabilidad Limitada offers limited liability for all partners. The minimum initial capital is approximately $4,500 U.S.Ī Sociedad En Nombre Colectivo is the equivalent to a partnership, with again, the undesirable feature of unlimited liability to the partners. Shareholders receive limited liability and the capital may be changed easily. This form is similar to a United States corporation. The majority of expat business owners in Mexico set up a Mexican Corporation, the most common choice is the Sociedad Anonima De Capital Variable. The following describes a corporation, a partnership and a sole proprietorship:
Sociedad en nombre colectivo professional#
If you are operating a business in Mexico, your tax and legal professional will likely recommend a Mexico business entity. Mexico taxes any gains on “non-principal residence” sales. Holding Mexican real estate may be accomplished in many ways, from in ones personal name, a trust or a corporation.
A close second is how much protection you want to provide against potential creditors. This discussion is not intended as legal or tax advice, and cannot be relied upon for any purpose without the services of a qualified professional.Ī first consideration is will your business simply hold real estate or will it be generating income. THE STRUCTURE OF YOUR MEXICAN BUSINESS ENTITY
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