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Hawaii Annual Report

Date: 07/06/2015 | Category: | Author: Jakub Vele

Annual Reports for Hawaii Corporations & LLCs

All domestic and foreign entities whose date of incorporation or registration in this State falls between:

(1) January 1 and March 31, an annual report or statement shall be filed on or before March 31 of each year and shall reflect the state of the entity’s affairs as of January 1 of the year when filed;

(2) April 1 and June 30, an annual report or statement shall be filed on or before June 30 of each year and shall reflect the state of the entity’s affairs as of April 1 of the year when filed;

(3) July 1 and September 30, an annual report or statement shall be filed on or before September 30 of each year and shall reflect the state of the entity’s affairs as of July 1 of the year when filed; and

(4) October 1 and December 31, an annual report or statement shall be filed on or before December 31 of each year and shall reflect the state of the entity’s affairs as of October 1 of the year when filed.

If you file online the cost for Corporations and LLC’s is $12.50.

If you need help, we can file annual report for you for only $15. If you would like to use our service, please click on the following link:

Order Annual Report Filing Service

Additional Services

Date: | Category: | Author: Jakub Vele

Hawaii Additional Services

TAX ID (Employment Identification Number - EIN) - FREE

Self-Service: Obtaining a Tax ID number doesn’t cost any money. You can apply by phone, fax or mail. You can also call toll free at (800) 829 4933 and get EIN instantly over the phone. If you apply by fax, it takes about 4-5 business days. If you apply by mail, it takes about 3-4 weeks. Please find information about Tax ID – EIN here.

Full Service: Do you need assistance with obtaining a tax ID? We can help prepare the form and obtain the tax ID for $45. Order here Tax ID.

S CORPORATION STATUS ELECTION

What is “S Corporation”?: An “S Corporation” is a corporation that elects to be taxed under Subchapter S of the Internal Revenue Code and receives IRS approval of its request for Subchapter S status. As a legal entity (an artificial person), the S corporation is separate and distinct from the corporation’s owners (the stockholders). Under Nevada incorporation law, there is no distinction between a C corporation and an S corporation. The incorporation process is the same. However, the two type of corporate entities are subject to differing federal and state tax treatment. Our cost is $45. Order S Corporation filing here.

CORPORATE KITS

Corporate kits start at only $82.50. LLC and INC. Click here to order corporate/LLC kits for any U.S. state.

HAWAII CERTIFICATE OF GOOD STANDING

A certificate of good standing (certificate of existence) is a document issued by the Secretary of State certifying that your corporation does exist legally and that it is in good standing with the state. We can obtain one for you. The fee is $89 + state fee.

HAWAII APOSTILLE

In 1981, the United States joined the 1961 Hague Convention abolishing the Requirement of Legalization for Foreign Public Documents. The Convention provides for the authentication of public (including notarized) documents to be used in countries that have joined the convention. Apostille of Articles of Incorporation or other document is issued by the Secretary of State. Price is $89 + state fee.

HAWAII REINSTATEMENT OF CORPORATION/LLC

If your charter was revoked and you want reinstate the company, you have to pay all due fees and penalties and file appropriate annual reports.

Do you need somebody to handle reinstatement for you? Please contact us! We charge $89. We can find out how much money you owe for state fees.

HAWAII AMENDMENTS OF ARTICLES

There are times when a business needs to change the information included in the Articles of Incorporation or Articles of Organization. To do this, you need to file an amendment with the Hawaii Secretary of State. Some reasons a business may need to file an amendment are to change the company’s name, to expand or alter the company’s business purpose, or to change the number of authorized shares or par value (for corporations only).

Do you need somebody to handle the filing of amendment for you? Please contact us! We charge $89 + state fees. Pay by PayPal (our email address is paypal@https://incparadise.net).

FOREIGN QUALIFICATION (all U.S. states)

Registration of foreign company qualifying to conduct business in other states: If your company expects to transact business outside your state of formation, your company may be required to qualify as a “foreign corporation” or “foreign LLC.” We can file the necessary paperwork to qualify your business as a foreign corporation or LLC in any of the 50 states.

Do you need somebody to handle foreign qualification for you? Please contact us!

Read more information about Foreign Qualification here
Foreign qualification fees

U.S. ADDRESS FOR PERSONAL OR BUSINESS USE AND MAIL FORWARDING

Do you need U.S. street address as your mailing address. Mail is forwarded once a week. We offer mail forwarding service based in Las Vegas, NV.

There are two options:
$150 per year. $2.50 per mailout plus postage.
$99 per year. $5.50 per mailout plus postage.

To order mail forwarding, click here.

BUSINESS LICENSE REPORT

Business licenses are mandatory for every business in the USA to operate legally. You may require federal, state, local licenses, permits, and tax regulations for your business.

Obtaining business licenses and permits is a daunting and time-consuming process as it entirely depends on the business industry, location, etc. IncParadise makes the business license process easy for you by delivering a report that lists the required federal, state, local licenses, permits, and tax regulations. Our expert research team searches, identifies and verifies the local, state, and federal licenses and permit requirements for your business type and location. They then send you the report with a list of these business license requirements so that you can save yourself time and effort.

Order Business License Report

TOLL-FREE NUMBERS

We offer the best toll-free numbers on the market. Nationwide businesses, mid-sized and small businesses, and families can order toll-free 800 services and get a number that rings directly to your home or business. Redirect it to your fax machine or cell phone and back as you change locations. Track calls on the Internet in real time. Select an easily remembered vanity number for your business. You will get: custom routing, voice mail, inbound faxing, website account management, call recording, lead generation, vanity numbers, national toll-free database search and much more!

More information here.

Articles

Date: | Category: | Author: Jakub Vele

What you receive when filing Corporation or LLC in Hawaii

When you file paperwork with Hawaii Secretary of State to set up LLC this is whatyou will receive:

FAQ

Date: | Category: | Author: Jakub Vele

Hawaii Incorporation Frequently Asked Questions

Do I need to reserve a corporate name?

No, but it is recommended to reserve a name prior to filing to ensure that it remains available during the incorporation process.

How do I reserve a corporate name?

The reservation of your corporate name will be handled by IncParadise and is included in the price of our service.

Do I have to renew my name registration?

No.

How do I incorporate in Hawaii?

When using our service, IncParadise will file, on your behalf, the required administrative forms and articles of incorporation with the appropriate Hawaii agency.

Is a registered agent required?

Yes. . The registered agent must be either (1) a resident individual whose business office is the same as the registered office or (2) a corporation with authority to transact business in Hawaii, having a business office identical with the registered office. As part of our ongoing service, IncParadise does provide a registered agent service option that you can select during the online registration process.

How many Incorporators are required to form a corporation in Hawaii?

One or more are required.

How many Directors are required to start a corporation in Hawaii?

One or more as defined in the bylaws.

Are corporations in Hawaii required to file an Annual Report?

Yes. A report must be filed every year between January 1 and April 1, or on another date specified. The first report must be filed within this period in the year following the calendar year of incorporation.

Didn’t find answer to your question? Email as at info@incparadise.com

Advantages of Incorporating a Business in Hawaii

Date: 06/26/2018 | Category: | Author: Jakub Vele

Advantages of Incorporating a Business in Hawaii

Hawaii is not just a tourism hotspot but also one of the best destinations for starting a new business. It is interesting to note that there are 128,863 small businesses in Hawaii that have created 3,718 net new jobs leading to the economic growth of the state by 1.3% as compared to 2016. There has been an increase in startup companies in Hawaii and some of the fastest-growing small businesses include Acoustical Drywall Systems, Inc., ActivityRez LLC, Bonterra Renewable Energy & Solar Services, Maui Rental Group LLC, YK Drilling, and Hamakua Macadamia Nut Co., among others.

Business Growth Incentive for New Businesses

As one of the top registered agents in the state, we can help you to register a new business in Hawaii as this will ensure you are able to leverage all types of business gains and state provided incentives and grants. Let’s take a quick look at why Hawaii is the right destination for establishing a business:

Advantage#1: The benefits of Incorporation or LLC formation

Corporation

  • Changes in Ownership: One of the advantages of setting up a Corporation in Hawaii is that changes in ownership are made possible through sale, purchase, and gifting of stock. This can take place without disturbing the ability of the corporation to conduct its business.
  • Independent life: When you register a new business in Hawaii as a Corporation, your business will enjoy an independent life. This means that the incapacitation or death of a stockholder will not have a negative impact on the business operations.
  • Pass through taxation: If you register a new company in Hawaii as an S corporation then the corporation or firm will not pay any income tax. Instead, the income or loss of the corporation will be passed on to the stockholders.

LLC

  • Limited Liability: As an owner of a Hawaii LLC, you will be able to enjoy limited liability protection quite similar to what a corporation enjoys.
  • Flow through Taxation: An LLC can benefit from the process of flow through taxation that will ensure there are no double taxations.
  • Flexible Profit Distribution: A startup company Hawaii LLC has the benefit of being able to select different ways of distribution of profits unlike a partnership where the distribution is 50-50.
  • No Minutes of meetings: An LLC startup company in Hawaii will not be required to maintain any minutes of the meetings or resolutions.

Advantage#2: Hawaii Enterprise Zone Program

The Hawaii Enterprise Zones Partnership Program (EZ) is one of the most beneficial programs tailored to a startup company in Hawaii. The program has been established by the Department of Business, Economic Development and Tourism (DBEDT) and is considered to be a state-county joint effort. Its primary focus is on increasing business activity, creation of jobs, and job preservation. The greatest benefit that businesses can enjoy through this program is an exemption from general excise taxes on the gross proceeds for a period of 7 years. Businesses can also take advantage of the non-refundable income tax credit that is equal to 80 percent of the tax liability in the first year.

Download information related to Designated Enterprise Zones and Eligible Business Activities

Once you register a new company in Hawaii, there are several other programs that you can benefit from and this includes foreign trade zone programs, HUBZone program or historically underutilized business zone program, workforce training funds for employers, and High Technology Business Investment Tax Credit among others.

Set up your business in Hawaii – Enjoy Strong Growth!

Are there any Disadvantages of Incorporating in Hawaii?

The state of Hawaii provides a long list of benefits and advantages to businesses but are there any disadvantages if you register a new business in Hawaii? The disadvantages are very few and will not impact your business in any way. One of the disadvantages is that you have to pay a higher fee and the time taken to process incorporation is also longer compared to other forms of organization. The fact is that these are small disadvantages compared to the several benefits that can steer your business towards substantial growth.

Order LLC now  Order INC now

Hawaii Business License

Date: | Category: | Author: Jakub Vele

Hawaii Business License

If you have incorporated a business in Hawaii or planning to form a small business in the state then it’s time to apply for a business license. In order to operate your business in Hawaii, business licenses, permits, and other professional licenses have to be obtained. Absence of license or permit to operate a specific business can lead to heavy penalties and in some cases, closure of the business.

It is important to note that a business license in Hawaii pertaining to a specific industry is issued or regulated by agencies related to that industry. For example, food services require license or permits, which are regulated by the State of Hawaii, Department of Health, Sanitation Branch. Similarly, a license to open a firearm store and sell firearms in the county of Hawaii is being regulated by the Department of Finance, Vehicle Registration & Licensing Division.

How to Get a Business License in Hawaii

Where and how do you apply for a Hawaii company license? Are permits required for my business entity? Does the business entity require a single license or multiple permits or licenses? Who is the issuing authority for these licenses or permits? The only way to answer these questions is by understanding the process of business licensing.

There are two steps towards acquiring a business license in the state of Hawaii and they are:

The Industry and Business Operation

This is the first step towards acquiring a business license that is appropriate for your business. You need to identify the industry relevant to your business. Once you have identified the industry, you need to be clear about what your business entity is offering in terms of service or products. Let’s look at an example to understand this well.

Industry Type: Food Business

  • Food establishment category refers to “permanent” establishments like restaurants, catering entities, bars, convenience stores, or other types of food establishments.
  • There are “Special Event Food Establishments” as well. These are not permanent in nature and manifest in the form of food sale events like fundraiser events, carnivals, farmers market, and food shows among others.
  • Lastly, there are “vendors” that can be a part of food establishments or special event food establishments. Food vendors include lunch wagons and food trucks.

Business License or Permits

  • Business license in Hawaii is required if you are planning to set up a bar or serve liquor in a food establishment.
  • If you are planning to start a restaurant or become a caterer, you will require a business permit.
  • If you are planning to establish lunch wagons or food trucks then you will be required to obtain a vendor business license as well as a permit to operate as a vendor.

Who issues the License?

Who is responsible for the issuance of Hawaii company license? What is the annual fee? Do I need to renew it? These are some of the important questions to consider as licenses pertaining to different industries are issued by different government authorities. It is also important to consider the fact that for some businesses, only permits are required and in some cases, both business license and permits are required. Let’s look at the Food Business example to clearly understand this.

Food Establishments in Hawaii

If you set up a food establishment then it will be regulated by the State of Hawaii, Department of Health, Sanitation Branch. A food establishment will not require a business license in Hawaii; instead you will require a permit. The permit application is different for different counties and has to be filed with the sanitation branch of the county you are starting your business in for example:

  • FOOD ESTABLISHMENT – MAUI
    If you are planning to set up a permanent food establishment in Maui then the application has to be submitted at Sanitation Branch, 54 High Street, Room 300, Wailuku, HI 96793.
    The business license or permit fee for a small restaurant would be $200 and that of a large restaurant would be $400.
    The permit has to be renewed each year.
  • FOOD ESTABLISHMENT – KONA
    If you set up a permanent food establishment in Kona then the application has to be submitted at Sanitation Branch, 79-1020 Haukapila Street, Room 115, Kealakekua, HI 96750.
    The Permit fee for a small restaurant would be $200 and that of a large restaurant would be $400.
    The permit has to be renewed each year.

Now, if you were to serve liquor on the premises then you will have to file an application for business license in Hawaii to serve liquor. The liquor license has to be renewed each year on May 31 and the annual fee will depend on the type of outlet, for example: The business license fee for a restaurant that serves wine and beer is $960 and the fee for a restaurant serving all types of alcohol is $1,320.

Once, you have identified the type of business, all you have to do is download the correct business license application and file it online.

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