Reinvent NY
← Back to Glossary

LLC (Limited Liability Company)

An LLC is the most popular business structure in the United States, combining personal liability protection with operational flexibility and pass-through taxation. Over 2 million LLCs are formed annually. Formation costs range from $50 (many states) to $800+ (California). An LLC can have one member (single-member LLC) or multiple members, and can be managed by members or appointed managers. For E-2 visa purposes, the investor typically forms an LLC to operate the business. Foreign nationals can own US LLCs but face specific tax reporting requirements (Form 5472).

Related Articles

Need help with your visa or relocation?

Schedule a Consultation