Registering Your Business in the U.S.
Registering your business in the United States is an easy and straightforward process although the rules can vary by state/territory. It can also be a fast process considering that you can have a name approval, submit the required documents and be approved to start operating within as little as 3 business days.
The checklist for consideration is simple:
Submit a corporate name for approval;
Discuss with your lawyer the options for the type of company you wish to establish (i.e. LLP, LLC, Inc., Ltd., etc.);
Discuss with your lawyer the tax classification you wish to declare (i.e. C-Corp or S-Corp);
Consider what your company’s stock structure will be;
Consider who will be the director(s) and the secretary of the company;
Consider who will be the receiving agent for service of process for the company and place of business;
Have your lawyers draft your company’s articles of incorporation and operating agreement;
Obtain your company’s EIN (tax identification number).
It is best to discuss with your corporate lawyer which state(s) you wish to do business and which state you wish to have as your company’s headquarters. Every state has a different city/state income tax and some states have 0% state income tax. Federal tax is applicable to all companies.
You may also wish to headquarter your company in a particular state and also do business in other states as well. In this case, you will also have to file your company as a foreign business in each of the state other than your headquarters. This is also a simple and fast process.
To help you navigate the corporate laws of the U.S., contact our experienced U.S. corporate lawyers at Emily@eaglaw.co