Starting a business in the US is quite simple, but there are some steps you must follow to ensure a smooth running journey. The formation of a business is time and money consuming, but with patience and planning, anyone is capable.
Decisions you need to make:
- Choose your company’s structure: The two most important corporate structures in the US are limited liability company (LLC) and C Corporation. The type of structure you choose will impact the way you conduct your business and the way you’ll pay taxes in the US.
- Choose which state you’d like to register your company in: Every state has different legislation and this affects your profits, your taxes, and the way you’ll conduct business all-around.
What documentation will you need?
- Company’s address: The first thing you need to do is to get a physical business address, the place where your company’s headquarters are to be located. In case you don’t have access to any place, you can sign up for a virtual address.
- Get your EIN: Then you’ll need to apply for an EIN, the Employer Identification Number of the IRS. In case you have a social security number or Individual Taxpayer Identification Number you can apply online. In case you don’t have any of these documents, the process will take longer but you can still do it. You’d have to fill in the Form SS-4 and wait for a few weeks for it to be processed.
- Open a business bank account: you need to get a US business bank account to manage your money.
To decide the best state to start your business in the USA as a non-citizen, you need to make an assessment based on your preferences and the company’s particularities.
For example, Florida is a state chosen by many Hispanics, because, in addition to not requiring the payment of the State Income Tax for individuals, it is a friendly state. If your company is a Corp and earns more than US$50,000 per year, you will need to pay the State Income Tax for corporations at a rate of 4.5%.
Texas, in this case, may take the lead since it doesn’t have this tax on companies registered in the state. For this reason, several California entrepreneurs choose to transfer their companies’ registration there. For New Mexico LLCs the good news is that they do not need to file for Annual Reports or Franchise Tax, while the fees for Corps in the state are very low.
Delaware, on the other hand, does not charge the State Income Tax if the company does not operate in the state. In addition, it is a region that offers support for non-American entrepreneurs. For example, the Delaware Corporation Law and the Supreme Court with the Court of Chancery, are very efficient at litigating possible company lawsuits.
Meanwhile, Wyoming has the convenience of not requiring the payment of State Income Tax for individuals and corporations. The Annual Renewal is very low and can be an alternative for company owners looking to reduce expenses. The state also does not require partners or members of LLC to be disclosed, unlike Florida, where this information is made public.
A Registered Agent must be a business or an individual and must meet the following requirements:
-Must have a physical address with the state in which the business is registered. PO boxes are not accepted.
-Capable of receiving documents from a Monday to Friday, 9AM- 5PM
-Follows a checklist to protect company’s information
-Knowledgeable about state obligations and notifies company about deadlines
The Registered Agent will serve as your company's main point of contact with the state. He or she will receive official IRS correspondence, court notices and other compliance documents sent to you on your behalf. It is also the Registered Agent's role to forward documents to the company's point of contact and keep you informed of annual obligations, such as the Annual Report and Franchise Tax.
Can you be your own registered agent?
If you are a resident of the state where you will register your business, in many cases you can act as your own Registered Agent. However, keep in mind that you must comply with all of the above requirements and that if you change your address, you must also change your address with the state.
If you have another LLC or Corporation already registered with the state, you cannot use it as a Registered Agent for a new one. The only way you can be your own Registered Agent is as a natural person.
What is a Globalfy discount coupon?
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The Globalfy coupon can appear in two ways, a code to enter in the shopping cart during checkout, or a specific link that applies an automatic promotion or redirects to a special offers page. Here's a walkthrough to understand how to use the discount coupon Globalfy:
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What is a Globalfy coupon code?
A coupon code from Globalfy is a alphanumeric code that you use to get the discount on your order. These Coupon Codes are also called coupon code, promotional code, discount code, promo code or voucher. Webshops from around the world use these types of codes to give discount to their customers on certain products or orders.
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An action code or promotional code from Globalfy Can be used in two ways. The first way is by simply clicking on "SHOW CODE", copy the code and paste it into the shopping cart of the webshop. The other way is by clicking on 'VIEW OFFER', you will then be redirected directly to the webshop and the discount will be applied automatically.
How do you find a couponcode at 1001couponcodes.ca? First of all, look for the desired store in the search bar at the top of this page. Are you looking for a particular product or brand? Then you can type it in the search bar. You can also find your desired webshop in our "SHOPS A-Z" or "CATEGORY" overviews. If you've come to our webshop page, choose a coupon code or offer you'd like to use.
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FAQ
What are the current promo codes or offers available for Globalfy in March 2023?
Currently, 6 promo codes and deals available for Globalfy:
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Globalfy Discount coupon to get $25 discount on starting a new business
Globalfy voucher code to get $25 OFF starting a new business
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To use a Globalfy coupon, copy the related promo code to your clipboard and apply it while checking out. Some Globalfy coupons only apply to specific products, so make sure all the items in your cart qualify before submitting your order. If there's a brick-and-mortar store in your area, you may be able to use a printable coupon there as well.
How many Globalfy online coupons are available?
There are currently 100+ Globalfy online coupons reported by Globalfy. These deal offers are available online, including 6 coupon codes. Today alone, users have collectively cashed in on offers.
How to save money at Globalfy?
You can save money at Globalfy by using one of the current Globalfy coupons from 1001couponcodes.ca. Right now, the most you can save is $70 off.
How long do Globalfy coupons last?
The Globalfy promo codes that are currently available end when Globalfy sets the coupon expiration date. However, some Globalfy deals don't have a definite end date, so it's possible the promo code will be active until Globalfy runs out of inventory for the promotional item.
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