Foreign entrepreneurs set up businesses in the United States of America every single day, and for a variety of reasons. America represents one of the largest and most integrated markets in the entire world, and it offers a very low tax rate. It’s easier to sell in the United States, as it does not bother taxes and customs, and it gives foreign citizens access to venture capital, angel investors, and a variety of other public markets, too. Finally, starting a business in the US makes it easier to get a green card.
Advantages of USA Company Registration:
What are the ways in which corporations can be formed in USA?
There are two ways in which corporations in the United States can be formed, they are as follows;
1. General Corporation (C Corporation)
A General Corporation (or "C Corporation") is the most common corporate structure for medium and large companies. Characteristics include:
A Close Corporation is similar to a C Corporation, except for the following aspects:
S corporation (only for USA citizens)
An S Corporation is actually a C Corporation which then obtains a special tax status from the Internal Revenue Service (IRS). The Corporation must apply to obtain this special status within a certain time frame after its incorporation. Instead of being taxed at the Corporation level, the profits and losses are transferred, for tax purposes, to the Shareholders (as though they were partners). Double taxation is avoided (i.e. at the corporate level and at the personal level) and does not alter any of the legal protection offered by a Company.
2. Limited Liability Company (LLC)
Introduced in the United States by the State of Wyoming in 1977 and now recognized by all U.S. States, the Limited Liability Company (LLC) is a profitable mix of a Corporation and a Partnership. As a general rule, the revenues and losses of an LLC are allotted to its Members (the equivalent of Shareholders in a Corporation), which avoids double taxation (to the LLC and its Members).
Do I need to be a US citizen for incorporating a company in US?
No, it is not mandatory to be a US citizen to incorporate a business in USA. The government welcomes founders from all around the world and the laws for business along with taxation are same for all irrespective of the country of origin.
Here are a few basic requirements that are must for company incorporations in USA
After the formation of a USA corporation or USA LLC there are a few things that must be done
HOW LONG DOES IT TAKE TO INCORPORATE AND GET AN EIN?
It takes 3 to 6 weeks to make your incorporation formal.Typically, to incorporate, you need to file an Articles of Organization (if you’re forming an LLC) or Articles of Incorporation (if you’re forming a Corporation). You need to file respective forms and mail them to your state’s Secretary of State. You will hear back within 3 to 6 weeks with the official notice of your incorporation.
It will take 15 minutes to apply for an EIN.
The following documents will be created during the company registration process-
We at Starters’ CFO assist you through the entire incorporation process in USA. We incorporate ‘C Corporation’ as well as ‘Limited Liability Company’. We carry out incorporation in New York, California, Delaware along with all other major states of the USA.
We also provide Tax and Legal support through our associates in USA.
© 2019 StartersCfo. All Rights Reserved