Formation of a US corporation is simple and investor-friendly. A visa is not required for the applicant to register a business in the United States. The United States of America allows anybody, resident or not, to register a company. In addition, the applicant does not need to physically be present in the United States throughout any part of the registration procedure since everything is handled digitally. The United States of America is a developed nation with cutting-edge industries and an abundance of both natural and manmade resources. Eighty percent of the country’s gross domestic product comes from the service sector.
Legal Entities Accepted for U.S. Company Formation
In the United States of America, there are primarily three types of businesses that may be registered:
1. Corporation
A corporation is owned by its shareholders. Directors are accountable for company registration in USAgoals and policies, and they are chosen by the company’s shareholders. C-Corp and S-Corp are the two main types of American company. C-Corporation allows for at least one shareholder who is not a US citizen to create a corporation, but “S-Corporation” requires all shareholders to be US citizens.
2. LLC
This safeguards members’ personal assets like cash and property to the extent of their initial investment in the business, but it also leaves the business and its owners open to legal prosecution in the event of any criminal behavior.
3. Partnership
A partnership is a group of two or more people who manage a successful company together as equal partners. All risks and financial gains or losses incurred by these firms are entirely their responsibility.
The Steps Required to Form a US Corporation
The following are the stages required to register a corporation in the United States:
Determine Your Business Structure.
The shareholders or directors of a company must make the decision between the many business structures and company types described above.
Pick a State to Do Business in
The applicant might choose to get the company registered in any of the 50 states. Researching the state’s business and investor friendliness, tax exemptions, infrastructure, etc. is crucial prior to selecting a choice.
Choose a Name for Your Business
Choosing a name for the business is essential. The applicant must ensure that no other business uses the name they choose. The name should not be associated with any particular political or religious group in the nation.
Detail submission
the applicant must submit information such as the names and addresses of the officers, directors, members, etc. of the Company. All of the aforementioned paperwork has to be filed to the relevant authorities. The relevant government will provide a certificate of incorporation upon verification.
Get certificate of incorporation.
A certificate of incorporation will be issued after the relevant authority has reviewed the application for registration and the supporting papers and found them to be satisfactory. The visa application procedure may be sped considerably with this certificate. The incorporation certificate will be sent to you within 14 business days[1].
Obtaining an EIN (Employer Identification Number)
Obtain an EIN numberis a necessary step in forming a legal entity within the United States. This is a nine-digit number required for filing taxes. A valid EIN is required in order to create a business bank account, get a bank loan, apply
Getting a US Bank Account
The organization has to get a business checking account at any of the banks in the nation. Any bank with locations in both the United States and the company’s place of origin will do. The firm will be able to create a bank account in the United States with less hassle and more speed.
