Sponsored by ESTA-Online.com:
According to law, foreigners who want to make an investment or do business in the U.S. do not need to open a company in the country. However, when you have a subsidiary in the country, the entire process is faster so you should consider this option. Thankfully, opening a business in the U.S. as a foreigner is a pretty simple process that is so much easier than you would expect.
There are a number of things that should be in the back of your mind during the entire process. At the same time, remember that working with visa and investment specialists is highly recommended. Just choose the services of a company specialized in what you need. As an example, if you need help for the ESTA visa waiver program, look for a firm specialized in that. Then, to succeed with your business startup or subsidiary, think about the following:
Choose the Company Structure
As a foreigner, you will usually consider the C corporation as it can expand faster and brings in extra advantages for outside investors. Profits will be taxed though, so you need to be aware of the different tax laws that apply in this case. Even if you pay more, there is extra protection to be gained with this company structure. Also, a very good tax planner will be able to use various expenses, salaries, and pension costs to drastically reduce corporate income while eliminating a large part of the double taxation.
Choose the Registration State
The business that the company does will determine location. When there is one state that dominates the industry, it is that state that should be initially considered. In some states, there will be really high operating costs that you can easily avoid by simply choosing another state. Think about the necessity to open in a specific jurisdiction, and then decide based on all of the associated tax obligations. If you are just interested in the lowest taxes, Delaware is where you want to open a business in the U.S.
Register The Business
When you want to form a business in the U.S. you will have to go through a specific process, but the process does tend to vary from one state to the next. Because of this, be sure you learn all that you can about what is associated with the registration process. Filing specific documents is needed and fees will vary. Also, remember that if you register the company, you have to pay annual taxes afterwards and a specific tax forms and reports will be necessary.
Obtain an Employer Identification Number
This is one thing that many foreigners do not know about opening a business in the U.S. You need this employer identification number in order to hire employees, pay taxes, obtain business licenses, and open bank accounts. It is free to apply for the number through the IRS. Other companies that help facilitate the process will charge for this. Save some money by applying alone and letting the specialists deal with the more complicated parts of the process.
Conclusions
If you are a female entrepreneur who is aspiring to do business in the U.S., remember that this is really easy at the moment. The country welcomes foreign investors and people who want to invest in the local economy. It is not at all difficult to go through the process. However, the laws that govern the process will be complicated. In many situations you do need help. Look for specialists that know as much as possible about the type of business you want to open. They can help you to get things going quickly.
Great tips, I’m going to check them!