Many international entrepreneurs are looking to create or expand their business into the U.S. market. MyUSACorporation.com specializes in helping those entrepreneurs, and we would like to present you with several ideas to consider first.
What Documents Are Needed?
First of all, to register a company in the U.S. you don’t need to present any documents – only information. Documents would be necessary in case you want a US address or need to open a bank account, but not for company registration.
Do I Need To Be In The U.S. To Open My Company?
Not at all. All filings can be done remotely, with us serving as your proxy in the U.S. In almost all cases when we need a signature from our clients this can be done electronically.
Choice of State
If you plan to buy real estate property, or open a “brick and mortar” store in the U.S. it is recommended to form your company in the state where this property or store is physically located.
Majority of our clients choose either Delaware or Wyoming, due to more expensive fees in Nevada. You can see the comparison between those 3 states here: DE vs. NV vs. WY.
Choice of Entity
Foreigners can choose primarily between two types of entities: LLC and C-Corporation. LLC is the most common type of entity chosen by our foreign clients due to its simplicity, flexibility and single taxation. C-Corporation mostly chosen by young entrepreneurs looking to obtain Angel or VC financing.
You can see a comparison between LLC and C-Corporation here: LLC vs. Corporation.
Restrictions and Things to Consider
First of all, as a foreigner you are not required to have Social Security Number to open your company and obtain EIN (company tax ID). You also don’t need to have a U.S. address or phone number, however if you like to have U.S. address and/or phone it’s possible to obtain them from specializing vendors (see phone vendors here, and our U.S. address solutions here).
Banking in the US is a more complicated topic. There are some companies on the internet that promise international clients help in opening a bank account remotely, but we warn our clients to be careful with those who claim they can help that way. To learn more about banking in the U.S., associated problems, and possible solutions please read our article “Opening a Bank Account in the United States“.
Finally, international clients would need help filing their U.S. company taxes. We addressed this issue in our article U.S. Taxation for Foreign Entrepreneurs.
If you have any questions about all of the above and anything else our customer service representatives are here to help. You are invited to contact us via chat, email, or call our customer service at +1-877-330-2677.
We also maintain a free answering service at IncorporationAnswers.org. You are welcome to browse questions asked by our clients, or ask your own, and we will typically reply within 24 hours.
We provide full service of forming your company, which includes everything from drafting and filing the Articles with the state for your choice, providing registered agent in any of the 50 state and DC, obtaining EIN for non-U.S. owners, drafting Operating Agreement, obtaining all necessary licenses and tax IDs, certifying your company documents for foreign use, and more.
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This article is not intended to provide any tax advice or direction. None of information contained on this web site is intended to constitute legal or other professional advice, and you should not rely solely on the information contained on the site for making legal decisions. When necessary, you should consult with an attorney for specific advice tailored to your situation.
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