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Company setup for international business

Asked by: Jana - 2 May, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 Hi, I'd like to setup a company in the US for doing online business (so no physical presence in the country or selling products there). There would be me and one other person as the owner of that company, we also need need a tax ID and bank account. We both have social security numbers. Could you please help with this? Would you recommend LLC or Inc. and which state would be the best for this type of business?
Answered by: Ray Albert - 3 May, 2012
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/194.jpg-630c771619e92bede7e6f696b56767b9 Jana,

Typically, when you have only a few owners of an online business that isn't selling products, registering an LLC in Wyoming makes the most sense for the cost-effective set-up and maintenance fees offered by the state.

We can set the company up and get your federal tax id with no problem, however, you will have to physically come to the U.S. to open the company bank account.

As this is a type of question we come across quite frequently, I'd like to invite you to read a previous answer posted by my colleague Robert, which specifically addresses your question, and some further information regarding international residents Incorporating in the U.S. which you may find to be helpful to your business plans.

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