Discover the simplest way to open an LLC in the USA from Argentina. We'll tell you: costs, requirements, and more.

In Argentina, more and more freelancers, entrepreneurs, and content creators see LLCs as an attractive option for handling international payments and expanding their businesses with greater flexibility. But, What is an LLC? How do you open an LLC from Argentina?

Don't worry, in this article we clear up all your doubts and show you how belo can be your key ally in this process

What is an LLC?

An LLC (Limited Liability Company) is a limited liability company in the United States, combining characteristics of a partnership and a corporation. It is an alternative for those who want to start a business with fewer formalities than a traditional corporation, but with more protection than a simple partnership.

Can you open an LLC as a single person? An LLC can be formed by a single member or by two or more members.

The main reasons some professionals use this structure have to do with:

• Access to dollar payments: it makes it easier to open bank accounts in the U.S., allowing you to receive and hold payments in dollars

• Tax flexibility: it offers options to optimize the tax burden, allowing you to choose how the company will be taxed (as a sole proprietorship, partnership, or corporation)

• Professionalism: offering your services through a formal legal entity can provide greater credibility and attract more clients

  
  

How do you open an LLC in the USA from Argentina?

While you can open an LLC on your own, it is advisable to consult with professionals or companies specialized in this procedure to speed up the process and avoid mistakes that can become very costly down the road. Also, handling the language and understanding foreign laws is not something to underestimate. That said, some firms that help Argentine entrepreneurs, freelancers, and business owners with opening an LLC are Dasbanq and Firmaway. In the process, these companies also facilitate opening a bank account in the United States (U.S.); whether through Mercury, City Bank, or Bank of America.

How much does it cost to open an LLC in the USA?

Although the cost of opening an LLC varies depending on several factors, such as the state where you want to form it and the type of service you hire, in general, basic services usually start at around $350 and can reach $900 or more, depending on the type of service hired.

It’s worth noting that, in addition to formation costs, you should consider other expenses the company may have, such as maintenance, annual state fees, the registered agent, as well as filing an annual report with state authorities and a tax return with the Internal Revenue Service (IRS), to name a few.

How can you receive dollars from a bank account in the United States?

With belo, you'll be able to receive dollars from your own or third-party bank accounts in the U.S.  This is because we offer a service of dollar receiving account, where funds are credited as USDC in your wallet and are ready for you to use however you want: to convert to pesos, pay at stores, or make international and local transfers, for example. 

Before making any financial decision, we recommend consulting a professional to understand the specific requirements and regulations applicable to dollar transfers in Argentina. Service export operations must be backed by documentation, and failing to comply with these regulations can result in fines or blocks on your operations.

The information provided in this article is for informational purposes only and should not be interpreted as legal or tax advice or opinion. We encourage all belo users to seek proper advice in order to comply with the regulations and rules that apply to them.

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Belo Argentina S.A. – Virtual Asset Service Provider (VASP) registered under No. 52 dated July 19, 2024 in the CNV Virtual Asset Service Providers Registry. This registration is for control purposes as a Reporting Entity before the Financial Information Unit (UIF) and any other regulatory body authorized for that purpose, within the scope of its authority, and does not imply a license or supervision by the NATIONAL SECURITIES COMMISSION over the activity carried out by the VASP.