You asked: Where do I get a business license in Guam?

Most licensing transactions can be processed and approved at a single location, the Government of Guam’s ONE STOP LICENSING CENTER located at 542 N. Marine Drive, Tamuning, Guam 96913, Telephone No. (671) 646-3259 or Facsimile No. (671) 649-6178.

How do I start a business in Guam?

In order to establish a business entity on Guam, you must obtain a business license prior to starting business operations. Business entities other than sole proprietorships must also register the type of entity they will be operating under.

How do I get a local business license?

How to get a business license

  1. Determine what business licensing you need. …
  2. Compile the appropriate business documents for your application. …
  3. Apply for the business license. …
  4. Receive your business license. …
  5. Keep up with license renewal requirements.

How do I form an LLC in Guam?

How To Form An LLC In Guam

  1. STEP 1: CHOOSE A NAME. …
  2. STEP 2: OPERATING AGREEMENT. …
  3. STEP 3: OBTAIN A GUAM MANAGING AGENT/REGISTERED AGENT. …
  4. STEP 4: FILE ARTICLES OF ORGANIZATION. …
  5. STEP 5: GET A GUAM BUSINESS LICENSE. …
  6. STEP 6: INITIAL AND ONGOING ANNUAL REPORTS.

How much is GRT in Guam?

All businesses with sales over $500,000 per year must file monthly GRT reports and pay 4% GRT on all sales to the Treasurer of Guam. All businesses with sales less than or equal to $500,000 per year must file monthly GRT rep01is and pay 4% GRT on all sales over $50,000 to the Treasurer of Guam.

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How much is a business license in Guam?

Pursuant to §72104, everyone who wants to obtain a business license on Guam must file an application with the License Division of the Department of Revenue and Taxation.

Wholesale License.

Annual Gross Revenue Annual Fee
$500,001-$1,000,000 $400
$100,000,001-2,000,000 $800
Exceeding $2,000,000 $1000

What happens if I don’t file my annual report?

After a certain amount of time past the due date, if the report still isn’t filed, the jurisdiction will revoke your company’s good standing or put it into a forfeited status. … Most states require the past due annual report as well as an additional certificate of reinstatement and more fees.

Is an LLC and a business license the same thing?

A business license is not the same as forming an LLC (limited liability company) or other legal business entity. An LLC is a legally recognized business entity while a business license gives you permission to engage in a specific type of business in a certain jurisdiction.

Do I need a local business license?

Every state (as well as some counties and cities) require you to have at least one type of business license if you plan to conduct business there. … If you plan to run a business out of your home, you likely will need at least one basic business permit or license, such as a sales tax permit.

Where do I renew my business license in Guam?

Most licensing transactions can be processed and approved at a single location, the Government of Guam’s ONE STOP LICENSING CENTER located at 542 N. Marine Drive, Tamuning, Guam 96913, Telephone No. (671) 646-3259 or Facsimile No. (671) 649-6178.

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Who owns a sole proprietorship?

A sole proprietor is someone who owns an unincorporated business by himself or herself. However, if you are the sole member of a domestic limited liability company (LLC), you are not a sole proprietor if you elect to treat the LLC as a corporation.

To help entrepreneurs