Company Registration in USA
No limit for registered capital
local partnership not required
Allowance of Complete Foreign Ownership
Allowance of Joint venture registration
Complete USA market entry strategy
Company Registration in USA
Every day, a new business enterprise is establishing in the USA, from market giants to small-scale industries. The first and the basic requirement for establishing an enterprise is the Registration. The USA has the largest market in the world. The reason being they have the lowest tax rate. Company registration in USA is an online procedure and is very easy too. The good thing is that it is not necessary to be the citizen of USA.
Benefits for company registration in USA
- The articles of association which must contain information about the shareholders of the company
- Translated and notarized copies after the passports of the shareholders and the company directors
- The forms issued by the Trade Register which must be duly completed
- Other information requested by the Trade Register depending on the activities of the company.
Steps for company registration in USA
Decide the business form: Corporation or LLC :
Registration of your business gives various benefits like tax and financial benefits. You just need to choose the right legal configuration for the business according to your needs. Every legal configuration controls the business in a different manner, registration requirements, vulnerability to lawsuits and financial needs. For every state/local government has the different registration form for different legal configuration in the USA.
Many of the states do not require registration of the sole proprietor while in the rest, it is mandatory. The sole proprietor must use their own name for the company/business unless they formally register another name.
Once your business is well-establish and your personal liability increases, you can easily switch from the sole proprietorship to the LLC.
Registration of the business name
Owner of the company is known by the name of the company. The business name is necessary for all the government documents and forms like employer tax identifications, licenses, and permits.
In the sole proprietorship legal name is the full name of the owner. In the partnership, legal name is the last names of the partners. For the Limited Liability Corporations (LLCs), legal name is the one that is given to the state government.
Federal Tax ID:
A business having employees, business partnerships, and corporations has to acquire an Employer Identification Number (EIN) from the U.S. Internal Revenue Service. It is necessary to differentiate between different business entities.
State Revenue Agency Registration:
Sales Tax Permit or Vendor’s License is a priority requirement to sell the products which are easily available from the state or local government.
Mention below is the list of some tax liability for the company:
- Tax Permit
It is very important to register your business with the state tax agency and complete all the relevant tax permits.
- Income Taxes
In LLC, the tax liability is not dependent on the owners. While in the case of a sole proprietor they report their personal & business income taxes using the same form.
- Employment Taxes
Every state and federal has the liability for employment taxes for their employees. Business owners with employees are liable to pay.
Acquire licenses and permits:
According to the need of the business or company, it is necessary for everyone has to acquire the license and the permit. Non-compliance with this rules will lead to the liability of heavy fines.
Documents required for company registration in USA
- Incorporating Inc. / Corporation. Like Google Inc.
- Certificate of Incorporation No.
- Bylaws of the company.
- Board Approval of Organizational Resolutions.
- Employer Identification Number from the IRS.
- Assistance in Opening a bank account.
- Assistance in Bank Deposit Agreement
Frequently Asked Questions
Registration is not compulsory for the sole proprietorship for every state. They may operate under an assumed or fictitious business name, known as “doing business as” or DBA so that contact information of the owner is made available to the public. Registering a DBA does not create a separate business entity.
LegalRaasta will provide the assistance to register the company in USA and one can easily contact us if any help is required for Company Registration in USA.