Create an LLC in American Samoa
SAN DIEGO, CA, USA, June 4, 2022 /EINPresswire.com/ — American Samoa is the perfect place to start an LLC in today’s fast-paced, interconnected world. In business terms, LLC is an acronym that stands for “Limited Liability Company”. A limited liability company exists to limit the liability of business owners in the event of business slowdown or failure. With an LLC, creditors cannot come after personal assets to settle debts incurred by the LLC. There are so many benefits to make an LLC in American Samoa, we are convinced that this is the best state to form LLC entities in America today.
About American Samoa
The Samoa Islands lie approximately 2,500 miles southwest of Hawaii. The first island in American Samoa to become a territory of the United States was Tutuila, in 1900. One of the advantages one gets when starting an LLC in American Samoa is that one is not required to file state taxes. Officially, American Samoa is not legally a state, like California or Nevada, but a territory; other territories with similar statuses are Puerto Rico and the US Virgin Islands. American Samoa has its own independent revenue authority, separate from the Internal Revenue Service.
Residents of American Samoa are considered US nationals, but they are not eligible for citizenship; it is the only territory whose inhabitants are not eligible for birthright citizenship. This arrangement was established at the request of the local government of American Samoa. They felt that granting US citizenship to people born in American Samoa would threaten their local culture and jeopardize their historical method of transferring local real estate ownership through tribal title and ancestry. Local laws also limit land ownership to those with at least 50% Samoan ancestry; the US Constitution would require these laws to be abolished.
In 2019, a court in Utah ruled that people born in American Samoa must obtain US citizenship; however, this decision was overturned by the 10th Circuit in 2021.
No taxation without representation
Another benefit is that since American Samoa only has non-voting representation in Congress, income earned in American Samoa may be excluded from federal tax returns. “No taxation without representation” is still a legal principle in America today. One can take advantage of this long-standing American legal tradition by setting up an LLC in American Samoa.
Protection against frivolous lawsuits
Another great reason to set up an LLC in American Samoa is the protection offered to LLC members by its physical location. American Samoa is several hours flight from Hawaii, which itself is already 5-6 hours flight from Southern California. Suing an American Samoa-based LLC will require the other party’s attorneys to appear before a judge in a court located within American Samoa. The plane ticket alone will cost thousands of dollars, in addition to legal costs. This ensures that unscrupulous attorneys who make a living by bringing frivolous lawsuits on behalf of clients who sue in bad faith will think twice before suing American Samoa LLC.
Creating an LLC on the American Samoa LLC online platform is simple and easy.
American Samoa LLC
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