Running a Business in the United States of America?? Sounds exciting? Well, it is. Registering your Business as a Company with the US Federal Authority can greatly expand your pursuits. The US Authority doesn’t mandate the business owner to be a US citizen to start a Company on American Land. Any foreigner can register to set up a company in the USA. It can be a Limited Liability Company or an Incorporation. Today, budding startup owners and entrepreneurs seek to take their businesses to a global level by registering themselves in the United States of America. As ambitious as it sounds, it is also a very complex and difficult procedure. The legal procedure is ubiquitously complex and comes with several roadblocks. Therefore, this article will inform you of the registration procedure and related requirements.
Benefits of Registering a Company in the USA
As one of the most powerful countries in the world, the United States of America, situated in North America, is the largest economy in the world. As a conglomerate of 50 states, the USA is a coming together federal democracy of the world. Every big Corporation wants to imprint its corporal steps in the States as it is a global hub of the digital revolution. Some of the reasons are enumerated in the following points:
Now let us look at Company Registration in USA benefits in detail.
Recognition in the Global Market
If you set up your Company in the US, your Business will gain an international reputation and a global market value. As one of the most popular countries, the USA can get you the necessary recognition. Also, major MNCs will entrust you with the partnership.
The USA offers very business-friendly regulations to foreign investors. Every incorporated entity in the US enjoys incentives such as lower tax rates, tax exemptions, and subsidies. This attracts many talented entrepreneurs to the North American Nation. They have oriented themselves towards Ease of Doing Business (EDB) principles.
Ease in Raising Funds for the Company
Each registered entity in the USA issue shares as well as raise equity capital. It helps them financially in the long run. Also, the US facilitates a simple application procedure for bank loans to a company. Also, registered entities in the US can access the required capital from different sources. Also, Banks are entrusted with such entities as they can quickly repay their debts.
Lower Tax Requirement
One of the most important reasons the US is a lucrative place for running a Business is that corporate taxes in the US are low. Also, many states of the US offer financial incentives to foreign investors who want to register a company in the North American giant. The incentives can be many, from low corporate tax structures to various subsidies and tax exemptions.
US is the most technologically-competent country on the Planet
The USA has always been the birthplace of the major technological advancements in the world. From smartphones to e-commerce businesses, the US is the first nation to embark on such tech-savvy productions and processes. People there are dedicated to reducing the cost of operations and effectively achieving their goals in the minimum period. Therefore, more and more investors are attracted towards investing their companies in the USA. They have access to the world's most advanced and cutting-edge technologies, which boosts their business productivity.
Corporate Structures in the USA for Company Registration
The Company Registration procedure in the USA requires you to decide the company type you want. It can be S-Corp, C-Corp, LLC, or more. Here, S-Corp is unavailable to non-US residents. So to apply for the S-Corp incorporation, you must relocate to the United States or choose a different company model. Now let us understand all the company types in depth.
The US Legislation defines the following major types of companies commonly adopted by businesses in the United States of America:
Let us look at each one of them in detail.
Limited Liability Company
Documents required for Company Registration in the USA
The documents specified below should be kept ready for registration purposes:
Note: The Bill must not be older than two months.
Procedure for Company Registration in the USA
Every Company Registration aspirant must go through the following procedure in the USA to register itself as a Corporation or a Limited Liability Company:
Step 1 : Choose and Reserve a Trade Name for the applicant Business
First of all, the Company registration applicant in the US must decide the name of its prospective Corporation which it wants to register in the USA.
Step 2 : Choose the appropriate Business Structure for the Business
Step 3 : File the Certification Application for Company’s Incorporation
The Applicant must file for the Certificate of Incorporation with the Secretary of the respective State of the USA.
The aspired certificate contains important information related to the applicant company, such as:
Step 4 : Appointing a Registered Agent for the Applicant’s Firm
Step 5 : Prepare the required By-Laws for the New Corporation
The US Authority mandates the Corporation to prepare its By-Laws. It must act as the internal rules of the memos for operations for the internal functioning of the proposed Business.
Step 6 : Appoint the First Directors of the proposed company
Step 7 : Assign the Stocks to the Corporate’s shareholder
After the Appointment, the Applicant’s Business must issue the stocks to every shareholder who made an investment in the Business.
Step 8 : Obtain the required business licenses for running Company in the USA
As per its business structure, the newly incorporated Company must obtain the required licenses to carry out their business activities in the chosen US state. The required licenses must be acquired in time, failing which can invite the imposition of heavy penalties from the State Authorities.
Many entrepreneurs, keen on setting up a company in the USA, are offered various benefits, such as credibility in the international market and taxation benefits. However, one must completely conform to the incorporation standards to register their Business in the USA. Therefore, we advise you to seek legal Assistance for the Company Incorporation.
Here comes the Registrationwala to your Rescue. We provide incorporation services to businesses seeking to set up their brand in the US or register a company in the US. Let us see how.
Our Assistance in registering your Company in the USA
Our Incorporation experts provide you end to end company incorporation services in the USA by assisting you in the following manner:
We ensure that your company incorporation services requirements for the USA are always on time. Our professionals understand the intricacies of company incorporation procedures in the USA. Thus, we have expedited the process – helping you incorporate your Company at an affordable price.
So, reach out to our Incorporation Experts and realize your dream of starting your own Company in the USA.
Q1. Where can I check the US corporate register for new incorporation?
A. Visit the official website of the United States company register to check for new incorporation. .
Q2. What is a Company Registration Number in the United States?
A. The USA company registration number is the certification number issued to a newly incorporated corporate entity in the US. This number uniquely identifies a business entity operating on American Soil.
Q3. What is a Commercial Register in the USA?
A. The Commercial Register is the record of all the active registered business entities in the USA.
Q4. By whom is the company registration certificate issued?
Secretary of State office of the business location
Q5. What is US Federal Authority ?
The US Federal Authority has different federal government agencies and departments in the United States.
Q6. What happens once the validity period of business license expires?
Every business license is issued with some validity. Once the validity period expires, the company’s name is scrapped from the Commercial Registry book.
Q7. What is the validity of company registration certificate in USA?
The certificate of company incorporation will be valid as long as you pay the annual fees.