REGISTRATION OF BUSINESS (COMPANY) IN THE USA

Therefore, you may have questions about the procedure for registering an LLC or a sole proprietorship in the USA. What is the price of such registration?

How to open your own business in the USA? But what are the advantages of registering an LLC or FOP in the USA?

Each organizational and legal form has its own peculiarities of management, for example, under a private partnership, you can carry out activities without registration, and only after obtaining a permit – a business license. You can also register a company in any state, but you need to know the laws of each one because the USA is a federation – and the laws and requirements for doing business are established by the state administration and local laws.

So, what is the best way to do business in the US? Which is better FOP or LLC for business in the USA?

Advantages of running a business as a sole proprietorship – in this case, the founder is the owner and manager.

Depending on the state, a private enterprise can be registered quite quickly, or not at all – only a business license and an official name of the company will be enough to carry out activities.

Taxes will be paid as an individual

Submission of simplified reports, no need to conduct audits.

Disadvantages – the founder himself is responsible for his property.

If conducting business in the form of a sole proprietorship in the USA, then there are other forms:

Limited Liability Company – with this organizational and legal form, there are no citizenship requirements (founders can be US citizens or foreigners), and there is no difference in the number of founders, as well as the type of founders – they can be both natural and legal entities. Liability is determined by the share in the authorized capital, taxpayers are the founders of the Company themselves, and the company does not pay taxes. LLC registration is the most common in the states. However, there are certain restrictions, he cannot carry out banking or insurance activities – for this, other forms of conducting business activities are foreseen.

C-corporations – formed most often by non-residents of the United States for investment. This form is used by large profitable businesses. In this case, the founder can be both residents and non-residents. The main difference between an LLC and a partnership is taxation, with this form of taxes being paid at two levels – local and federal.

Branches and representative offices – the possibility of registration and carrying out activities in two ways:

• Conclusion of a contract with an independent person – an agent who does not work for an American company, he is empowered to represent the interests of a foreign businessman
• Signing a contract for permanent employment.

Therefore, each organizational and legal form has its own characteristics, its own taxation, and requirements for founders and types of economic activity. Therefore, in order to choose the best one, it is necessary to study and analyze all important elements. For this, it is necessary to contact specialists.

How to register an LLC step by step?

1. Selection of the state in which the company will be registered
2. Choice of organizational and legal form (best LLC)
3. Choosing a name
4. Obtaining an EIN is a tax identification number
5. Opening a bank account (can be done in person or online)
6. Contribution of authorized capital
7. Production of seals
8. Obtaining licenses and permits

Necessary documents:

Personal data about one or more founders, as well as all appointed directors of the company. Among the necessary information: are surname, first name, patronymic, place of birth and date of birth, address of registration and residence, and copies of the main pages of the foreign passport.

If the founders are legal entities, additional documents are required. Among them: are the statutory documents of the enterprise, including the minutes, as well as permission based on the subsidiary branch.

It is mandatory to provide data on the name of the company, as well as the attached list of its activities.

Importantly! It is possible to register a company online

What is the cost of registering a company in the USA?

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The registration fee, for example, depends on the State of registration and can vary from 100 to 250 dollars.