Terms of Service

Effective Date: March 23st, 2024

Please read these Terms of Service (“Terms”) carefully before using any of our services (the “Service”). These Terms govern your use of the Service provided by Izquierdo Consultores Compañia Limitada o Izquierdo Tax & Legal Limitada (“we,” “us,” or “our”).

“Plans” are a combination of services and features as described at Consultoresid.cl/empresas

1. Acceptance of Terms

By using the Service, you agree to be bound by these Terms and all applicable laws and regulations. If you do not agree with any part of these Terms, you must not use the Service.

2. Description of Service

All described services are provided by Consultoresid.cl  while a subscription is paid and active, and sold exclusively at Consultoresid.cl/empresas, the company’s website.

2.a Business Formation/Company Registration Service

Included in all our plans, the business formation service is provided to assist individuals or entrepreneurs in registering their own businesses. It offers comprehensive guidance and support throughout the process of forming a new company, processing the forms to register it in the state, and assisting in obtaining an Employer Identification Number (EIN) from the Internal Revenue Service (IRS), which is essential for tax reporting and employment purposes. Such services aim to streamline the business formation process and make it hassle-free for the business owner.

All Business Formation services include:

– Company registration (LLC, Corporation) in the requested state our Country

– Employer Identification Number (EIN) application with the Internal Revenue Service (IRS)

– Post-formation document templates: Operating Agreement or Bylaws, Minutes of First Organizational Meeting, Stock Certificate, and Stock Ledger.

Our Business Formation service already includes appointing a Registered Agent within the state of registration and using our Virtual Address on formation and tax documents. Those services are still active after the business registration is completed as long as the subscription remains with the payments in good standing and active.

Once you submit your application, all information is final and may only be changed if the business formation process has not yet started. Any change after the process has been submitted to the state, may result in additional fees.

The state and country fees are not included in our pricing and will be charged directly on our website at the time of hiring Business Formation services.

Consultoresid.cl is not a legal service, and no legal advice is provided. No attorney/customer relationship is formed by using any of our services.

Although we offer estimated timelines for the application process, be aware that delays may happen based on external factors, such as delays from the IRS or the state our country.

We will provide all documents received during the process in digital format. Physical copies will only be available upon request if they are received at our Virtual Address service. In such cases, additional fees may apply.

2.b Registered Agent Service

Included in all our plans, a Registered Agent service, also known as a statutory agent or resident agent service, is a professional or company that acts as an official point of contact for a business entity, such as a corporation or limited liability company (LLC), within a specific jurisdiction – state of registration.

It is designated to receive important legal documents and official correspondence on behalf of the business, including legal notices, tax forms, government communications, and service of process (lawsuits). The registered agent also forwards all official mail and legal documents received on behalf of the business to the designated point of contact within the company.

All legal documents that we receive as your Registered Agent are accessible for download through Consultoresid.cl’s customer portal.

After 90 days of the receipt date, all notifications will be securely destroyed and discarded. You may request a mail forwarding service to an address inside or outside the Country, within 90 days of receiving it. Shipping costs are not included in our fees and you’re responsible for reimbursing these costs prior to the shipping date. Additionally, a handling fee of $15 will be charged for each mail forwarding request.

2.c Virtual Address Service

Included in all our plans, our Virtual Address service provides an actual street address in Country what I bought, regardless of your state of registration, to be used for registering a company in the state and the IRS, receiving letters, and other mail items.

When mail is received on your behalf, it will be managed and processed. All processed mail is available to access and download in Consultoresid.cl’s customer portal.

After 90 days from the receipt date, all mail will be securely destroyed and discarded. You may request a mail forwarding service to an address inside or outside Country  within 90 days of receiving it. Shipping costs are not included in our fees, and the customer will be responsible for the reimbursement prior to the shipping date. An additional handling fee of $15 is charged per mail forwarding request, plus shipping fees.

By using our service, you acknowledge and agree that we don’t receive and process packages of any dimension and that we reserve the right to refuse any delivery that does not comply with our terms.

2.d Bookkeeping Service

Bookkeeping service is the service provided to handle the financial record-keeping and accounting tasks for businesses. The primary goal of bookkeeping is to accurately record all financial transactions and maintain organized financial records, allowing companies to track their financial health, make informed decisions, and comply with tax and regulatory requirements.

The bookkeeper, a professional that provides the bookkeeping service, reconcile the company’s bank statements and record all financial transactions of a business, including sales, purchases, expenses, payments, and receipts, into the company’s financial books, such as ledgers and journals.

All bookkeeping plans include the following services:

2.d.i Accounting Method: Cash Basis or Accrual Accounting

2.d.ii Monthly Bookkeeping and Tax-Ready Reports: We will provide you with monthly tax-ready reports, including Profit and Loss and Balance Sheet statements. These reports will help you stay informed about your financial performance. You have 20 business days to review the reports and request updates or adjustments at no additional cost. Any requests made after the 20-day review period will incur an additional fee of U$60 per hour of labor.

2.d.iii Sales Tax Registration: If required, we will assist you in registering for Sales Tax in one state. Please note that additional states may be supported, subject to payment of extra fees.

2.d.iv Sales Tax Reports: We will handle the processing of monthly, quarterly, or annual Sales Tax returns for one state. Additional states may be supported with additional fees.

2.d.v Customer Service: Our team is available to assist you via email/tickets, Monday to Friday, 9 AM to 5 PM EST, or you can schedule online meetings/calls for more personalized support.

2.d.vi Withholding and Estimated Tax Reports: We will provide you with quarterly reports for withholding or estimated tax calculations and payments, following your approval.

 

In addition to our regular services, we do offer catch-up services at an additional cost. These catch-up services will be provided once the scope of work is approved, and the agreed-upon price will be billed accordingly. Refunds cannot be issued after the commencement of the catch-up work

Our bookkeeping service explicitly excludes the following:

2.d.viii Processing of Accounts Receivable: We do not handle the management of accounts receivable, including tracking and processing customer payments, If you wish you can quote independently.

2.d.vix Processing of Accounts Payable: Our service does not cover the management of accounts payable, including vendor invoices and payments, If you wish you can quote independently.

2.d.x Processing of Payroll: Payroll processing is not included in our bookkeeping service; this task remains the responsibility of the client, If you wish you can quote independently.

2.d.xi Additional Software Licenses: Any additional software licenses required to integrate external platforms (e.g., Amazon) with your accounting software are not provided as part of our bookkeeping service, If you wish you can quote independently.

2.d.xii Sales Tax Calculation Software: We do not offer Taxjar or similar software for calculating Sales Tax liabilities, If you wish you can quote independently.

2.d.xiii CPA/CFO Services: Our services do not include Certified Public Accountant (CPA) or Chief Financial Officer (CFO) signed, audited or certified financial reports. However, in the event that your tax return is selected for an audit by the IRS, we offer separate support services that can be hired on an hourly basis.

In addition to our regular services, catch-up services are also offered at an additional cost. Once the scope of work is approved, the catch-up services will be billed according to the agreed-upon price, and we cannot issue refunds after starting the development of the work.

2.d.xiii Limits

It is the customer’s responsibility to provide the information and documents requested by Consultoresid.cl’s team in time, to keep the company’s information organized, and to keep the team updated about changes in its operations and company structure. Failure to comply with these terms may result in termination of the service.

2.e Tax Preparation Services

Our tax preparation service takes on the responsibility of preparing and completing tax returns on behalf of our customers. This process involves collecting all pertinent financial information and documents from your company, such as income statements, expense records, and receipts from deductible expenses. With this data, we calculate your company’s tax liability or refund.

Tax support is provided during the duration of your hired plan. However, tax preparation and filling are only accessible if both the following conditions are met 1) The company had active at least for 30 days before the end of the fiscal year r; 2) The Plan is still active 30 days prior to the due date of the required Tax Form. In some instances and at our discretion, we may still provide the tax preparation service even if both requirements are not fulfilled, incurring additional fees

Monthly accounting services include monthly forms, annual tax return forms must be quoted separately, according to each country and jurisdiction.

No tax return will be filed without your explicit approval and signature. This ensures that you have reviewed and agreed to the accuracy of the information presented in the tax return before it is submitted to the relevant authorities. You are responsible for the approval and signature prior to the due date, and you will be responsible for any fine or penalties applied by the IRS or any other government agency caused by the delay in providing us the approval or signing the returns.

2.f Company Dissolution

The dissolution is not included in the initial plan, it must be quoted separately, if the plan does not mention it. the state and Country fee is not included and will be charged to your account prior to the submission to the state.

After the dissolution process is completed, your subscription with Consultoresid.cl will be canceled, and access to the Customer Portal and all other services will be removed.”

3. Service Plans and Billing

All fees, unless otherwise specified, are denoted in United States dollars (USD), and all charges will be processed in United States dollars and, by using our services, you grant us and our designated payment processor permission to charge your specified credit card, debit card, or other payment methods for these fees. Any currency exchange settlements or foreign transaction fees will be governed by the terms and conditions set by your credit card or payment method provider.

All fees listed on our website for business formation, amendments, dissolutions, and annual renewals (annual report or franchise tax) don’t include state fees. Those fees are charged in advance once they are approved by you.

Our services operate on a pay-as-you-go basis and are billed at the start of your chosen subscription term, which can be either monthly or annually. All subscriptions are automatically renewed on their anniversary. Please note that, except as required by law or otherwise indicated on the site or in the services, all fees are nonrefundable, and user payments and purchases cannot be canceled. However, we reserve the right to decline or terminate any purchase or attempted purchase at our sole discretion.

If you decide to upgrade your plan during your current subscription period and you are on an annual payment plan, any additional costs will be prorated based on the remaining term of your subscription period and then charged to your account accordingly.

We reserve the right not to reimburse items or economic activities prohibited or limited, such as exchange houses, online loans, online casino, prostitution, Exchange, BTC and virtual currencies. Please reed point 6.

On the other hand, if you are on a monthly payment plan and choose to upgrade, the new rate will apply on the next payment and the pro-rate charge will be made for the current month.

For downgrades, if you are on a monthly payment plan no refund will be given. On the other hand, for an annual payment plan, a partial pro-rated refund will be provided.

To ensure uninterrupted service, you must maintain a valid credit or debit card attached to your subscription plan, and all payment methods may be managed through our Customer Portal. If a payment transaction is denied, our billing platform will try to re-process it for up to 5 business days. If no payment is done, our services and access to your account will be suspended.

Please note that if your account becomes delinquent (with overdue invoices exceeding 5 days), any letters, requirements, or government compliance issues that arise during this period will not be handled by Consultoresid.cl. To ensure you receive the full range of services and support included in your hired plan, it is crucial to keep your account current and promptly settle any outstanding invoices.

4. Cancellation

If you request a cancelation of your business formation application before we submit it to a state or government agency and up to 5 days after your payment, Consultoresid.cl, at its own discretion, may be able to provide a partial refund. If the request is made after its submission, no refund will be provided. If you decide to discontinue the process, additional fees to process the dissolution of your company may be applied.

If you request the cancellation of a subscription up to 5 business days after the first payment and prior to receiving the confirmation of service activation, Consultoresid.cl, at its own discretion, may be able to provide a refund.

If you or your credit card company request a refund or initiate a dispute for a legitimate transaction made by Consultoresid.cl, all services associated with that transaction will be suspended until the matter is resolved.

 

Upon the expiration of your subscription, your access to all our services and platforms will be terminated and restricted. This includes, but is not limited to, access to Bank Accounts, Virtual Address, Registered Agent, Bookkeeping, Tax Preparation, Customer Portal, and Customer Service.

5. Geographic Restrictions

Consultoresid.cl is not able to open bank accounts or provide any services to residents from Afghanistan, Belarus, Burundi, Cuba, the Central African Republic, Congo, the Democratic Republic of the Congo, Iran, Iraq, Lebanon, Liberia, Libya, Nepal, Nicaragua, North Korea, Pakistan, Russia, Somalia, South Sudan, Sudan, Syria, Yemen, or Zimbabwe.

6. Industry Restrictions

Consultoresid.cl is focused on serving companies conducting business exclusively online or remotely, such as:

– Digital services: E.g.;Software Development, IT Consulting, Digital Marketing, and Online Platforms

– Selling online goods: E.g.; E-commerce, B2B, D2C, online retail

– Investment/holding companies with owners that are not residents of the United States.

At this time we are unable to provide services to the following industries:

– Adult entertainment

– ATM operator

– Cryptocurrency or NFTs

– Currency exchange

– Debt collection or consolidation

– Decentralized Autonomous Organization (DAO)

– Direct market/telemarketing

– Gaming/gambling

– Money services business (MSB)

– Nutraceuticals

– Payday lenders

– Promotion of racism or bigotry

– Sales of weapons/firearms

– Sale or distribution of marijuana, cannabis, or CBD products

Consultoresid.cl, at its own discretion, may approve or deny subscriptions based on additional factors.

7. Prohibited Use

You agree not to use our services for any unlawful, fraudulent, or abusive purpose. You will not use our services to receive mail, process payments or manage companies that violate any laws, regulations, or postal rules. We reserve the right to refuse service or terminate your account if we suspect any improper or illegal activity.

8. Age Limitation

Our site and applications are intended for use by any person who is 18 years of age or older. Minors are not permitted to use it, and we strongly request that they refrain from submitting any personal information to us.

9. Language Limitation for Customers

Some materials available on the site, such as questionnaires, documents, instructions, and filings, are provided solely in English. Non-English translations of these Terms and other terms, conditions, and policies are offered for convenience purposes only. In the event of any discrepancy or conflict between translations, the English version holds authority and governs.

10. Right to Decline Service.

You acknowledge that Consultoresid.cl retains the right to decline service to any individual and has the discretion to terminate user access at any time.

11. Privacy and Security

We value your privacy and will handle your personal information in accordance with our Privacy Policy. While we take reasonable security measures, you understand that the transmission of information over the internet is not entirely secure, and we cannot guarantee the security of your data.

By using this site, our Customer Portal, or Banking Services, you agree to take full responsibility for maintaining the confidentiality of your account and password, and for restricting access to your computer. You also accept responsibility for all activities conducted under your account or password. Transferring or assigning your account to any other individual or entity is not permitted. You acknowledge that Consultoresid.cl is not liable for any third-party access to your account resulting from theft or unauthorized use of your account.

12. Limitation of Liability

IN NO EVENT SHALL THE COMPANY BE LIABLE TO THE CUSTOMER OR TO ANY THIRD PARTY FOR ANY LOSS OF USE, REVENUE, OR PROFIT OR LOSS OF DATA OR DIMINUTION IN VALUE, OR FOR ANY CONSEQUENTIAL, INCIDENTAL, INDIRECT, EXEMPLARY, SPECIAL, OR PUNITIVE DAMAGES WHETHER ARISING OUT OF BREACH OF CONTRACT, TORT (INCLUDING NEGLIGENCE), OR OTHERWISE, REGARDLESS OF WHETHER SUCH DAMAGE WAS FORESEEABLE AND WHETHER OR NOT THE COMPANY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, AND NOTWITHSTANDING THE FAILURE OF ANY AGREED OR OTHER REMEDY OF ITS ESSENTIAL PURPOSE.

IN NO EVENT SHALL THE COMPANY’S AGGREGATE LIABILITY ARISING OUT OF OR RELATED TO THIS AGREEMENT, WHETHER ARISING OUT OF OR RELATED TO BREACH OF CONTRACT, TORT (INCLUDING NEGLIGENCE), OR OTHERWISE, EXCEED THE AGGREGATE AMOUNTS PAID OR PAYABLE TO THE COMPANY PURSUANT TO THIS AGREEMENT THE SIX-MONTH PERIOD PRECEDING THE EVENT GIVING RISE TO THE CLAIM.

14. Confidential Information

During the course of providing services, both parties may disclose confidential information to each other. Each party agrees to keep such information confidential and not disclose it to third parties, except as required by law or with the other party’s written consent.

13. Modifications to the Terms

We reserve the right to modify these Terms at any time. Any changes will be effective immediately upon posting the revised Terms on our website. Your continued use of the Service after such changes will constitute your acceptance of the updated Terms.

14. Governing Law

These Terms shall be governed by and construed in accordance with the laws of Santiago, Republic of Chile, without regard to its conflict of laws principles.

15. Contact Us

If you have any questions or concerns about these Terms or the Service, please contact us at gregorio@Consultoresid.cl

By using the Service, you acknowledge that you have read, understood, and agree to be bound by these Terms.