Almost every entrepreneur wants to register their Company in united states. It’s a big challenge for many international entrepreneurs for incorporating in the USA. Nowadays incorporating a firm in united states is not a difficult job, Actually it’s pretty simple straight forward process.
In this article I will show you how easily you can get your company incorporated in U.S without even visiting united states physically. Even if you are a foreigner for united states, it does not have an effect on the company incorporation process. The process would be same for U.S.A resident as it is for you.
The fees are not so higher in United states for incorporating a company. It just costs few hundreds dollars to Incorporate a company in US depending on the states where you choose. Delaware is the most loved state by Entrepreneur to register their online company in U.S, however there are other states and method too. Let’s look in brief.
Why Should You Incorporate a Company in US?
If you are an entrepreneur, professional blogger, Digital marketer or any tech start-up, you should know the benefits of registering and doing business in U.S, united states have been biggest market for Online business since past several years and there are lots of benefits and ease of doing business from United States.
Deciding which state to Form Incorporate Company
There are many states in U.S like Wyoming, Delaware, Nevada, etc. which have been found easiest for Registering Business in US by foreign nationals. Many of Indian & Asian Entrepreneurs have already registered their company in U.S.
You can get your company incorporated in Wyoming in total $189 which is the cheapest of all. Visit Incparadise.net for detailed information as it is Wyoming incorporation & registered agent.
This state has franchise taxis is slightly bit expensive than Wyoming as more than half of all fortune 500 companies are incorporated in Delaware.
You may Visit delawareinc.com for more detailed info about registering your Company in Delaware.
However, Nevada is also known as business friendly state by many International entrepreneur and if high fees is not an issue for you, then it is great choice for incorporating as well.
C-Corporation or LLC ?
Most common company types in the US are C-Corporation and LLCs. The major difference between both of them is taxation. “You can have LLC taxed as a C-corporation and vice versa, you choose these options when asking for EIN (Employer Identification Number) which is used for tax purposes”.
LLCs are pass-through entities; their owners are taxed on individual income taxes from their revenue. however, there are no taxes at the corporate level in limited liability company registrations.
Companies need to Pay Federal &state level tax in United States. These taxes are not significant while your income remains low (under $100.000). Federal taxes vary form 15% you 39% depending on your revenue and it is same for all the states. States level taxes are controlled by the states, some are having high state level taxes and some states like Wyoming have no corporate income tax at all.
How to Open U.S Bank Account:
There are many ways to get your U.S virtual bank account opened completely before or after your incorporation registration.
Payoneer is a great service which offers free virtual U.S bank account for ACXH direct deposits and they don’t even charge any setup fees. You can get your virtual U.S bank account number, routing code by registering on Payoneer global payment service.
For detailed tutorial you may read my earlier article: How to open Virtual bank account in U.S using Payoneer.
However, to open a fully functional bank account in U.S from abroad is quite difficult and sometime you also need to have good contacts in the Bank. The best solution to this is personally travel to U.S and open a bank account by carrying your documents such as Company Incorporation article with you.
But if you don’t want to travel to US now then you may open Business Bank account through Stripe: Atlas which offers US bank account in Silicon Valley Bank, payment gateway & even incorporation services in cost effective rates. After going ahead with Stripe: Atlas program, you can even create a U.S based PayPal account for your company to do internet business efficiently.
Many foreign small scale companies in the field of BPO, KPO, RPO, Affiliate marketing, Digital marketing, Web Design, SEO, etc. have registered their business ethically in US which have helped them to do business with U.S clients and vendors more easily and get paid in their U.S bank account which is benefits for both (Payer & Sender)
If you want to expand your Business and U.S is the main country of virtual operations of your internet business, then it is highly recommended to Incorporate a company in US as there are several benefits which will open all the resources for gaining venture capital and more.
In this guide I have tried my best to mention all the basic steps to Incorporate a Company in US being a foreign national. For those who were thinking it is a difficult job, It’s certainly not.
Share us your experience and suggestion ins comments box below to make this post more beneficial for readers and Stay tuned with BloggingEclipse by liking us on our Facebook page for more updates.