COMPANY FORMATION IN THE USA

Businesses, visas, bank accounts, taxes

For some opening a business in America is a dream, for others it’s a goal, and for the vast majority of entrepreneurs – a practical task that needs to be accomplished. Non-residents may not be well-versed in some nuances of company formation in the USA. We hope you’ll find answers to your questions right on this page. It is by no means a comprehensive guide, so if some questions will remain – feel free to reach out to us. The first consultation is completely free!

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    GENERAL QUESTIONS

    Rather simple. America has one of the easiest company formation processes in the world. To start a business in the U.S., you will need to go through the following steps:

    1. Choose the state for company formation. That choice is crucial, as you will be required to register your company within a specific state’s jurisdiction. It isn’t possible to get registered within the entire country’s jurisdiction, so any business will require following state laws. The most popular states for registration are Delaware, Wyoming, and Florida. However, depending on the nature of your business, another state might be more advantageous. Our experts can assist you in selecting the most suitable state. And you can calculate the registration cost for various states here.
    2. Select the legal form of your business. Typically, foreign business owners choose to form either a Limited Liability Company (LLC) or a C-Corporation (C-Corp). Each form has its own advantages and disadvantages. The good news is, if you’re unsure, you can start with an LLC and later convert it to a C-Corp, or make an election to treat the LLC as a C-Corp for tax purposes. You can read more about company types here.
    3. Come up with a company name. Feel free to use your imagination. But remember that the name should be unique and not misleading.
    4. Plan the business launch strategy (optional for small businesses). Company formation in the USA involves the strategic planning of your company’s future activities, including:
      – protection of intellectual property rights;
      – tax planning;
      – office expenses;
      – employee costs;
      – obtaining permits, licenses, etc.
    5. Prepare and submit the necessary documents for company registration to the state authorities. This includes filling out and submitting the appropriate paperwork to the Secretary of State. The documents vary based on the state and the type of company. They can be Articles/Certificate of Organization or Articles/Certificate of Incorporation.
    6. Arrange internal company documents. It is recommended to formalize the company’s internal structure by creating an operating agreement, bylaws, registers, and other required documents, before actually starting the business. The specific set of documents required will depend on the state and the company’s structure.
    7. Obtain a tax identification number for the company. Every U.S. company needs an Employer Identification Number (EIN) for tax purposes.
    8. Open a bank account. There are two options for opening a bank account: remotely or in-person with a bank representative. Most banks in the U.S. prefer to have the company representative present, so if you plan to open an account on your own, it is better to plan a trip in advance.

        When applying for the opening of a corporate bank account in the U.S., you will typically be required to provide the following documents:

        • Document confirming the registration of the company in the U.S. (Articles/Certificate of Organization or Articles/Certificate of Incorporation);
        • Statutory documents of the company;
        • Letter confirming the assignment of the company’s EIN;
        • Letter confirming the assignment of ITIN (Individual Taxpayer Identification Number) to the non-resident who will be the account signatory;
        • Lease agreement for the company’s office (not mandatory, but highly recommended);

        The bank may also request additional documents based on the nature of the company’s business. Please note that these requirements may vary slightly from one bank to another.

          There are three levels of taxation in America:

          Federal

          A fixed rate of 21% has been in place since 2018, replacing the previous progressive scale with a maximum rate of 35%.

          State

          Local

          At the county or city level. Typically, taxes are minimal and depend on the business’s location within the USA.

          Cooperation with us

          is simple, convenient and beneficial

          Contact

          You leave a request on our website or reach us by phone

          Details

          We outline the specifics of your case during a free 1-hour consultation

          Offer

          We present a unique offer tailored to your needs

          Execution

          We swiftly and efficiently carry out your order

          Result

          You care about business, we care about formalities

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          Additional services:

          GFLO office (optional)

          WHY US

          • Simplicity in communication
            Smooth interaction is the foundation of timely and effective problem-solving
             
          • Customer-centric strategy
            We assist in creating successful business histories for our clients with a strong emphasis on quality
             
          • Result-oriented approach
            Save your time, spend ours. The main goal of our company is to make sure that formalities are taken care of, so you can run your business with ease

          FURTHER ASSISTANCE

          your business might require after incorporation

          Bank accounts

          Opening accounts in banks and financial institutions

          Taxes

          Filing and preparing reports, tax consulting

          And more

          Licenses, permits, visas, immigration