However, if you’ve decided to use an attorney to help you incorporate, it’s still wise to have a working knowledge of the documents you’ll need to form your corporation. While the cost to register an LLC varies by state, there is a fee to register in every state. So, while there are some companies that advertise “free” LLC formation, what this means is that the company will fill out the LLC paperwork for you for free.
Professional LLCs are designed for licensed professionals, like doctors and lawyers, while Series LLCs allow for multiple subdivisions within one entity, separating different ventures or properties. Keeping your LLC active and compliant with state regulations is essential to ensure its continued success and protect your personal assets from potential liabilities. Filing fees for these documents vary by state, typically from $50 to $150, with some states charging more than $200.
Get Business Licenses and Tax Permits
I am not a US Citizen and therefore I’m especially unfamiliar with common IRS tax requirements. While they have a premium ($450/mo) price that may sound steep, we figured it was a good way to make sure that we didn’t screw up.
Often called Articles of Organization, its purpose is to have the state formally recognize your company. You will need to provide some basic information about your business and its owners. To find out the exact details of what you need to fill in, you need to check the Secretary of State’s website. LLC (Limited Liability Company) is the preferred choice because it’s easy to setup, it’s flexible, has no corporate taxes or limitations on the people involved, and it can be run by its members. Now, let’s see what steps you need to follow in order to incorporate a company in the USA as a non-USA citizen. Registering an LLC in another state, also known as foreign qualification, has several benefits.It can allow you to legally access a larger market.
How to Register Your New Startup
The registered agent must also have a physical address in the state, and cannot use a PO Box. The first step in the process is deciding how to structure your entity.
A Guide on How to Start a Business in the USA
Depending on the visa, you’ll be able to live and work out of the United States for an indefinite amount of time. An EIN is the business equivalent of a personal Social Security number and is required if your LLC has multiple members or any employees. It’s free to apply for a Federal Tax ID Number, a.k.a. Employer Identification Number, and it can conveniently be done on the IRS website. The final, and most important, step is having an organizer of the LLC sign the form. Any instructions for submitting the signed form and payment can be found on your Secretary of State’s website.
The benefits of an LLC include personal liability protection, tax flexibility, a simple process, less paperwork, management flexibility, and fewer ownership restrictions. Nonprofit organizations are a type of business structure that operates on grants and donations. They are more focused on social work and several non-profit activities. Many states require LLCs to file an annual report with a filing fee. Fees can vary significantly among states so you should check with your corporate filing office for specific information. To start your LLC, you must file articles of organization with your state’s corporate filing office, often the secretary of state. Read more about Open a company in the US here. Some states (including Delaware, Mississippi, New Hampshire, New Jersey, and Washington) use the term “certificate of formation” instead.