Company Registration


COMPANY REGISTRATION IN THE U.S.


The U.S. is a country that is considered ideal for running your own business. After all, this is where some of the most famous successful businessmen in the world come from. Our company provides comprehensive assistance with the registration of a business in the United States for foreign businessmen.

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Opening A Company in the US (Secrets for the Five Most Popular States) - Charles V. Raether, ESQ

“Opening A Company in the U.S.
(Secrets for the Five Most Popular States)”

by Charles V. Raether, ESQ


Thinking about starting a business in the U.S.? We offer you to familiarize yourself with a brief comparative analysis of the procedures for registering a legal entity in the 5 main states of America.


Registration of a company in the United States is a necessary step for every businessman who wants to enter the American business arena. Business registration can also be useful for residents and non-residents as part of tax planning, investment, or inheritance. Just like in other countries, this process has many hidden difficulties and pitfalls. Each state has its own taxation rules, fees, and laws for registering a business.

Some states, such as Delaware or Nevada, are considered more favorable to register a business because they have more favorable terms or rules for investors that preserve the confidentiality of the founders. Registering your own business in the U.S. requires special attention and level of knowledge, which is why we recommend working with a professional specialist.

The first step in preparing to register your own company in the United States is to determine the purpose for which you are opening it. This could be:
  1. Investment for the purpose of immigration under the E-2, EB-5, or L-1 programs.
  2. Conducting commercial transactions without immigration components
  3. Tax planning.
  4. Hereditary planning.
  5. A platform for investments in the US or abroad.

Depending on the purpose, the type of property and the area in which it will operate is selected.

 

The next step is to choose the state in which your company will be registered.

You should be familiar with all the rules and differences in registering a company in each state. Sometimes it becomes more convenient to choose the state in which the businessman himself lives, and sometimes it is better to register a company in the state with more favorable conditions. When studying the issue, it is worth paying attention to the following aspects:

REGISTRATION FEE

The one-time fee required to pay when registering a company varies from state to state. For example, the lowest fare is charged in Arkansas, Colorado, Hawaii, Iowa, Oklahoma and Mississippi at $50. In Texas, the registration fee is already $310.

ANNUAL TAXES AND REPORTS

In some states, there is an additional tax that is paid when registering a franchised company. The method of calculating this tax usually depends on the income of the company. For example, in California, the minimum tax is $ 800 and is payable even if the company has no profit. But in Nevada and Wyoming, there is no franchise tax at all.

FRANCHISE TAX

Most states charge an annual fee to the owner of the company throughout its life. Usually, a report must be filed along with this annual tax. The annual fee can range from $9 (New York) to $325 (Nevada). At the same time, there are states that do not require an annual report, such as Ohio and Alabama.

THE JUDICIAL SYSTEM

Delaware and several other states have a special court for resolving business disputes, in which the judge, not the jury, decides the verdict. This is one of the reasons Delaware is considered a favorable state for registering a US business.

INVESTORS

Many investors prefer to invest in a business opened in their state or in the state with clear rules and precedents for important legal issues for banks and investment companies. For example, venture capital funds prefer to work with firms registered in Delaware. Many clients believe Delaware is the ideal option for themselves, however, depending on the project objectives, out-of-state conditions may be the most beneficial.

STATE INCOME TAX

There are states in the United States that do not levy corporate income taxes at all – Nevada, Ohio, South Dakota, Texas, Washington, and Wyoming. However, Ohio, Texas, and Washington levy a different type of tax on corporations, which is calculated from the firm’s total turnover. At the same time, if you register a company in Nevada in order to avoid income tax, and your company itself will operate in California, you will not be able to avoid California taxes. Taxes will be levied in each state in which the firm is located and operates in.

DISCLOSURE AND CONFIDENTIALITY

The United States is one of the safest countries to protect confidential information. For example, previously, states such as Nevada and Delaware hid all information about the owners of the company under the privacy law. However, now they have taken a course to relax the rules and it has become much more difficult to hide confidential information. At the same time, we must not forget that when registering a company in the state as a foreign legal entity, you will have to provide the state with all information about its owners.

In the long run, it often turns out that the states that appear to be the cheapest to register a company over time turn out to be less profitable for doing business for many years. After a thorough analysis of the information and choosing a state for registering a business, you must proceed to the process of preparing the necessary package of documents:

1. The address of the legal registration of the company

2. Passport of the founder of the company, if it is an individual. If the founders are legal entities, it is necessary to provide the constituent documents of the company and the decision to establish a company in the United States (translated into English and notarized)

3. Applying for company registration to the secretary of state

4. Submission to the Secretary of State of the Board of Directors list and Articles of Association

5. Choosing a registered agent.

Our company provides comprehensive assistance in registering an enterprise in the United States. AmLaw Group specialists can:

  • advise on the differences in business registration in each state
  • help determine the best state in accordance with the client’s purpose
  • help to arrange a legal address, registered agent, and virtual office if needed
  • draft all necessary corporate documents including Articles of Incorporation, Operating Agreements, Resolutions and Meeting Minutes
  • issue a tax number for the company

Our specialists are highly qualified in business planning and have a wealth of experience with U.S. business law.

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Opening A Company in the US (Secrets for the Five Most Popular States) - Charles V. Raether, ESQ

Opening A Company in the US

(Secrets for the Five Most Popular States)

Opening A Company in the US (Secrets for the Five Most Popular States) - Charles V. Raether, ESQ

Opening A Company in the US

(Secrets for the Five Most Popular States)

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