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Starting a business in the United States?

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Frequently Asked Questions

The duration of the incorporation process mainly depends on the state in which you choose to set up your business. Generally, it ranges from a few business days to about three months' process to incorporate a company. 

Yes. There are no restrictions on foreign ownership of a company established in the US. 

No. You can establish and own a US company without a visa or going to the country. However, you will need a valid work visa if you intend to operate your business from within the US.

Some of the ongoing obligations of a company established in the US are as follows: (i) filing an annual report, (ii) maintaining a registered agent, (iii) filing an Articles of Amendment (if there are any significant changes in the details of the company, such as its name, address, etc.) and (iv) paying US taxes, if necessary.

A registered agent is an appointed person or entity authorised to receive service of process (i.e., legal documents, government notices and other business-related documents) on behalf of the business. They must have a physical address in the state where the company will be formed. 

Businesses may be subject to varying tax duties and rates, depending on numerous factors (e.g., the state where they conduct business, business structure). Some of the common types of taxes in the US are the following: (i) income tax, (ii) estimated tax, (iii) employment tax, (iv) excise tax and (v) state taxes. 

The Limited Liability Company (LLC) and C Corporation (C Corp) are the two primary corporate structures in the US. 

No. In general, there are no legal minimum capital requirements imposed by law to form an LLC or C Corp.

Yes. Businesses established as LLCs are not obliged to pay a separate income tax, meaning LLCs do not pay taxes at the business entity level. On the other hand, C Corps are taxed twice on business profits. In other words, profits are taxed at both the shareholder and corporate levels.

Yes. Non-US citizens and residents can open a US business bank account.