If you have doubts about how to create a company in the United States being a foreignerYou should know that you can invest and do business without opening a US company.
The Internal rents service It can invoice you as a foreign company the national tax. However, it is easier to open a subsidiary, since when the IRS You send documentation abroad by ordinary mail, which can take months.
Step by step to solve how to create a company in the United States as a foreigner
Follow this step by step and you will solve your doubt regarding how to create a company in the United States as a foreigner:
Step 1: Choose the structure of the company.
But usually foreign citizens choose a corporation C because expansion is possible by offering limited shares and they are more attractive to investors, despite the fact that profits must be taxed twice.
Corporate shareholders have advantages because they qualify for a lower dividend rate and if the company does not own real estate, the parent pays capital gains when selling to the US affiliate.
While the pay is double, tax planners use pensions, salaries, and other expenses with the goal of reducing corporate income while eliminating some of the double taxation.
However, depending on the case and the tax laws, the limited company is the best option as a business structure.
In the case of a limited partnership, the partners who do not have management control have limited liability and the profits are transferred to the members, who pay the income tax on the individual tax return.
Step 2: Choose the state for your business registration.
Your company’s business determines its location. In fact, if a state is dominant in the market, it is a good idea to incorporate your company there.
Keep in mind that there is no way you can avoid the obligations of doing business in California. Delaware and Nevada are two states with a low burden. But if your business is not concentrated in a particular state, the most recommended is Delaware and then Nevada, due to the flexibility of corporate law that offers protection to directors and shareholders in addition to not requiring you to have a bank account. nor have a physical address.
If you decide on Delaware you can consult their corporate law website.
Step 3: Register your business.
Depending on the state where your business operates, the requirements and forms will vary, but generally they are the following:
- Business managers must choose a unique name for the business.
- You must choose a registered agent to receive the legal documents of the company, for example it can be a company with a physical address in the state that will function as an agent, but it depends on each state.
- The company must complete the certificate of incorporation with the identification of the corporate name, the address of your registered agent, the par value of the shares authorized to be issued by the corporation, the total amount and the name and postal address of the incorporated. The fees start at $ 89 and increase according to the number of shares that are issued and the capital raising.
- When you incorporated the business, you will file a report and pay the franchise tax that has an annual cost of $ 175 while the cost of the report is $ 50.
Although you can find online help that provide services for the formation of your company with separate rates, you will spend hundreds of dollars while the presentation of the documentation is simple and in your state secretary you can find information online with the help that you need for the presentation of the documentation.
Step 4: Get the employer’s identification number.
You only need it if you hire workers and if you don’t, you will need it to open a bank account, to pay taxes and to obtain a business license.
You can request it online, unless you have obtained the taxpayer identification number separately, then you must process it by postal mail.
Also keep in mind that generally foreigners with investments or businesses in the United States must establish a domestic corporation and forming a company in the United States is not difficult, but it is best that you consult with experts in tax law before opening your business.
What businesses can I do in the United States?
Follow these steps to establish your business in the United States, as your local Small Business Administration can help you.
Cleaning service for offices, houses, buildings and others
The house cleaning service is the first option that you can evaluate as a profitable business and that has a cost that averages in the 150 dollars considering that you will consider your business cards, brooms, vacuum cleaners, detergent, ceibos and rags to start.
Internet sale
Selling online is also a good business because with your computer you can start working and it has an average cost of $ 500 in addition to the products you want to sell, although you can take advantage of dropshipping and you will not even need to buy products for resale.
Gardening
The planter is another option if you like to prune your neighborhood garden, you can offer your services, as it is a profitable type of business that has an average cost of 450 dollars including business cards, scissors, shovels, rakes, edgers and lawnmowers. and you can charge about 25 dollars for pruning.
Pool cleaning service
Pool service is also a profitable business, because at a cost of $ 400 you will include business cards, hose, brushes, chemical products and you will offer your services in areas with warm climates where most houses have pools that need maintenance. every week.
How to open a branch in the United States
If you want to open a branch in the United States, first of all you need a L visa and corporations, partnerships and limited liability companies are also allowed.
Types of companies in the USA
The types of companies in the usa are:
Single owner: It is the company through which the company and the owner are considered as one. Depending on each state, it is easy to create and depending on the type of company, the need for a license to collect sales taxes and another license to operate is likely. Although it has advantages, the disadvantage has to do with any problem, losses can be generated because the owner must respond to debts with his personal capital.
Limited liability association: It can be made up of two or more people who will be the partners and they are not responsible for the problems that the rest could cause, but not all states admit it.
General association: It is also made up of two or more partners. It is a cheap structure to form. In general, a license is needed to be able to start operating the business, but it has the disadvantage that any of the partners has the right to sign a contract, can execute the other partners and each one responds for the debts caused by the partnership. with their own assets and for the damages caused by one of the partners in the exercise of the activity.
Limited association: It is made up of two or more partners with limited liability and except for those who occupy the management, the rest of the partners are not obliged to take over with their assets the debts caused by the company. However, it is an expensive structure.
S Corporation: In this case there is no double appraisal, the partners have limited liability. It is a structure whose formation is expensive and complex, but with advantages similar to those of an LCC.
Corporation C: Although in this case the partners do not take charge of the debts generated by the business, it is an expensive structure when it comes to forming it with double taxation and the dividends distributed among the partners are declared by each of them by filling out the form of taxes and a percentage is paid on the profits generated.
How to open a business in the United States as a Mexican
If you are Mexican and you want to know How to create a company in the United States as a foreigner It is not that difficult and no middle requirements are required.
In principle, with the necessary capital to create your business from scratch, it is essential that you have the E-2 visa with you, as it is an investor, you can open it by taking your family and employees to form a subsidiary and work and live temporarily, but yes you have a B-1 visa in your possession you can create your company with a limited liability company structure.