The USA market is the world's largest business hub. It is the best as well as the largest corporate financial market in the world. Many investors and business firms are keen to set up their business there in the form of a company in order to expand the horizon of their products and services.
The benefits of incorporating a company in the USA:
1. It helps in building the image as well as the reputation of your company;
2. Tax Rate is lower as well as transparent;
3. Multiple tax advantages are provided to the companies incorporated in the US market;
4. Establish a business entity can avail the benefits of incentives offered by the government;
5. A personal visit is not required for Incorporating a Company;
6. For establishing a business there is no requirement of taking US citizenship
In two forms an entity can be established in the USA:
A. Corporation: It is a form of a separate legal entity that has its own rights, privileges, and liabilities as distinct from its members. The main purpose of establishing a Corporation is to protect their personal liability to make it easy to raising money through the sale of the stock and in transferring the ownership of the corporation.
B. LLCs: It can be described as a fusion between a corporation and Partnership. It provides easy management and pass-through taxation like Sole Proprietorship/Partnership. Like a corporation, it is a separate Legal entity but differs in terms of stock.
Procedure for the registration of Entity in USA by non-resident:
An applicant who is keen to start its business in USA has to go through the following stages as described below:
Stage 1: DETERMINATION STAGE
In this stage applicant has to take a decision regarding the type of industry, place of incorporation of Company in the USA, is there any tax benefits available in their respective type of industry or any special license that need to be obtained.
Stage 2: Planning Stage
In this stage, the investor has to take the decision regarding name of Company, type of business entity either Corporation or LLCs, the capital structure of the company, the decision regarding the selection of shareholders, directors, officers of the company.
Stage 3: Action Stage
Once the planning is complete then the action stage comes into the place. In this stage the following steps to be taken
1. first step is submitting the necessary required documents
2. Formation of Company
3. Registration of the company in other states as needed
4. Convene the meeting of the organization, issue shares to the shareholder and as well as take all necessary decision
5. Obtain your federal Employer Identification Number
6. Open your bank account
7. Once the above all requirements have been fulfilled then non-resident is ready to start its business.
Enterslice an award-winning company has its own office in USA and regular in doing company registration in USA. Seeking applicants can resolve their queries through our mail id- id-info@enterslice.com. Detail information is provided on our website www.enterslice.com
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