1. LLCSP - Limited Liability Company Sole Proprietorship
   (Limited Liability Company)

This type of company is ideal for individuals who are just beginning to explore the U.S. market. Its features include:

• Composed of a single owner
• Reports taxes on its profits, but does not always have to pay them. Does not require submitting accounting reports to the IRS.
• The owner of an LLC is not legally responsible for the debts of the company
• Involves much less paperwork and procedures than other options
• Anyone can own an LLCSP, whether a citizen or a foreigner
• Once the company is created, it does not require immediate operation
• You can close the LLCSP whenever you want. You don’t need to hire employees
• You can market your products online or in physical locations
• You will have a bank account in a U.S. bank, which only you will have complete control over.
  

2. LLCP – Limited Liability Company Partnership (Limited Liability Company)

This type of company is ideal for partnerships of individuals who are starting to explore the U.S. market. Its characteristics are:

Comprised of two or more owners

• Declares taxes on its profits, but is not always required to pay them, the owners are not legally responsible for the company’s debts
• Does not need to submit accounting reports to the IRS
• Anyone can own an LLCSP, whether a citizen or a foreigner
• Involves much less paperwork and bureaucracy than a Corp. Can attract investors.

A limited liability partnership (SR LLC) and a sole proprietorship (SP LLC) differ in several aspects, including:

Responsability:
In an SR LLC, the company’s assets and debts are separate from the personal assets and debts of the owners. In a sole proprietorship (SP LLC), the owner has unlimited liability, which means they are personally responsible for all business debts and liabilities.

Propierty
An SR LLC has multiple owners or members who are not personally liable for the company’s debts and liabilities. A sole proprietorship SP has a single owner who is responsible for all business debts and liabilities.

Management:
An SR LLC has a managing member who is responsible for the company’s daily operations. A sole proprietor (SP) is the sole owner and makes all management decisions.

Capital Requirements:

There is no minimum capital requirement for a sole proprietorship (SP).

Startup costs:

There are no costs to start a Sole Proprietorship (SP) beyond operating expenses. An SR LLC has registration fees, which vary by state.

Taxes:

The income and expenses of a sole proprietorship (SP) are reported on the owner's personal tax return. An SR LLC can be taxed in various ways, including as an S corporation or a C corporation.

Growth:

An SR LLC can grow faster than a sole proprietorship (SP) if multiple members contribute to the daily operations.