If you are planning to form a company in the USA, you do not even have to visit the United States.
But, how to register a company in the USA? Am I allowed to set up a company as a non-resident? Can I manage the company without being present in the USA? Those are the questions that we hear all the time. There are very basic steps when it comes to running a U.S. -based business.
STEP 1: Deciding your Business Type
Deciding what type of business organization is the key point. For instance, if you consider starting a business in Delaware, a limited liability company (LLC) will be the most recommended. You should also decide where you form your LLC.
STEP 2: Finding a Local Registered Agent
A registered agent is responsible for receiving important legal documents on behalf of your business. They are your company’s main point of contact, and because of this, they must have a physical address in the state where you are doing business Delawarefile.com is a great example of the registered agents. They provide various services such as company formation, opening business bank account, obtaining EIN & ITIN and more…
STEP 3: Applying for an Employer Identification Number (EIN)
An Employer Identification Number is like a social security number (SSN) for your business. It is the number that the IRS uses to identify your U.S. business for tax reporting purposes. They are certainly required if your business structure is a corporation, LLC, or partnership. Sole proprietors do not have to obtain one, but we still recommend them to apply for one.
STEP 4: Opening a U.S. Business Bank Account
If your small business starts to grow and receive & spend money more money, then it means that it is the time for opening a U.S. business bank account. You will be able to transfer or receive payments easily even if you are outside the United States. Having a U.S. business bank account will allow you to keep track of your expenses, payments, manage employee pay, and plan your budget. You do not have to visit the USA to open a bank account with the help of Delawarefile.com!
Step 5: Keeping your Corporation in Good Standing
After all the company formation process, probably you would think that “now I can relax a little bit” however it has not done yet. When you manage your company, you must keep it in good standing. It means that you should file your reports on time, notify your registered agent about any changes of your company, etc. Otherwise, you may get serious penalties from the state.