Can I start my own company in USA?

Which State should I register my Company in?

We always suggest either Colorado, Wyoming or New Mexico. These States are all digital-first so can be managed by foreign residents easily, they all have low or no State taxes, low annual fees and are super easy to manage.

We focus on these States only for our Company Incorporation in USA service offering.

Are there any tax-free States?

Standard Company (LLCs) are pass through entities, so all the profits are passed through to you "the individual" and then you pay tax on the profit you have earned at an individual level. The tax rate you pay will depend on your county of individual tax residency as well.

You will NOT pay any tax in the US as a non-Resident, regardless of which State you set your LLC up in.

Will I need an EIN Number?

EIN Numbers are not mandatory when opening a Company, however most services and platforms like bank accounts will require an EIN Number, therefore obtaining an EIN Number alongside your Company is highly recommended. An EIN Number is included in our package.

How long will it take you to obtain an EIN Number?

We will complete and file an express EIN application as part of our services. The IRS will send a CP575 EIN Verification Letter to the US Address in approximately 15-30 days after it has been filed. This will contain your EIN Number.

You will be notified when the letter arrives automatically by the Address Provider.

Is it possible to open a US Bank Account for my LLC even as foreign resident?

You will be eligible to open a Bank Account using the documents we provide with your Company, including the Articles of Organization and the Company certificate.

Do I have any yearly fees?

Yes, you will have State Annual Reporting (Often known as Company Maintenance Costs) costs, which is the cost you will pay each year to file an annual report with the State you choose to register in. We have included the costs for the States we recommend below:

• Colorado: $10
• Wyoming: $52
• New Mexico $0

How can I close, change owners or make other amendments to my Company in the future?

One of the benefits of an LLC structure (company) is they are easy to manage. Making any change or even closing the company is as simple as notifying the relevant State Authority.

What happens when letters arrive at the Business Address for me? Are they scanned in?

Yes, included in our service is a business mailing address for 1 year.

Each item that arrives is scanned and uploaded onto a secure document portal that you will have 24-hour access to. The address will be located in the State of your LLC registration.

After 1 year this service can be extended for another 12 months for $24.99.

Is it possible to arrange physical shipment for items that arrives at the Address?

Yes, and this is handled directly with the Address Service provider. They will charge a small handling fee plus shipping for every item that you would like shipped and they ship to any country in the world. You can get the costs before you ship the physical item.

Which Company formation documents do you send me?

 The documents vary slightly in each State, but you will always receive:

• Articles of Organization
• Certificate of Good Standing
• Legal Operating Contract

How will I be able to independently verify the LLC you form is correctly formed?

The Company can be verified online using the State Authority search portal.

If you search your company name in the link below, you will find it listed as active and valid.

Colorado: https://www.sos.state.co.us/biz/BusinessEntityCriteriaExt.do

Wyoming: https://wyobiz.wyo.gov/Business/FilingSearch.aspx

New Mexico: https://portal.sos.state.nm.us/bfs/online (Please be aware for the NM website you will need to access through a US VPN)

What are the responsibilities of the Registered Agent and is this included in your service?

Yes, a Registered Agent is included in our service and is a mandatory requirement for every company when formed.

The Registered Agent is responsible for ensuring your company remains legally compliant and will update you with any changes to State Law.

The Agent we use for our service is connected to the Address Service and is included for first year. To extend for an additional 12 months it is free of charge if you already extend the Address Service.

What is the Reseller Certificate / Tax Exemption that you offer additionally?

The reseller certificate provides you with a tax exemption on physical goods that you resell.

For example: When you purchase a wholesale item in the US you will pay the full purchase price, including any local sales tax within the price. But if you have a Reseller Certificate, you can claim a rebate on the local sales tax if the item was then re-sold.

Do you include ITIN or SSN (Social Security Number)?

No, ITIN is an individual tax-code for international residents and SSN is an individual tax-code for US Citizens only.

We offer business services therefore offer an EIN instead. EIN is the business equivalent of ITIN or SSN.

Do you include offer any on-going filing services?

No, our service is company formation only and we do not offer on-going accounting or filing services currently.

To meet your annual filing obligations, we suggest hiring an local CPA when the report is due to help you complete the requirements. Each business is different so this process can be simple or complex, depending on your type of business.

Do you include a US Phone Number?

No, We do not include a US Phone Number. A US Phone Number is not necessary for Company formation or operation.

If you would still like one, I suggest you obtain one using the “Skype Local” product on Skype. This is what we use to obtain a US Number and can be done cheaply.

https://secure.skype.com/en/skype-number/

Is USA Crypto friendly?

Are you interested in registering a company in the USA. If Yes, then you should follow these steps:

1) Choose a Legal Entity: You have a choice to choose the type of legal entity for your business, such as corporation, limited liability company (LLC), partnership, etc. We suggest an LLC which gives the maximum flexibility and maximum benefits for non-residents of USA.

2) Choose the state in which you want to form the Company: It is important to note that the laws and regulations regarding Companies vary from state to state, so you may want to consult with a lawyer in the state in which you intend to register. We always suggest either Colorado, Wyoming or New Mexico. These States are all digital-first so can be managed by foreign residents easily, they all have low or no State taxes, low annual fees and are super easy to manage.

We focus on these States only for our Company Registration in USA service offering.

3) Choose a Name: You need to choose a name for your business. Select a name for your Company that meets the state’s requirements. Most states require that the name of the Company contain words like “Limited Liability Company” or an abbreviation of those words. The name must be unique and not already in use in your state. You can check the availability of the name using your state’s business entity search tool.

4) Choose a registered agent: This is an individual or company that will accept legal documents on behalf of the Company.

5) Create an Operating Agreement: This document outlines the rules and regulations of the Company, including how profits and losses will be distributed, how decisions will be made, and how members will exit or join the Company.

6) Register with the State: You need to register your business with the state where you plan to operate. The registration process typically involves filing articles of incorporation, articles of organization, or a certificate of formation with the appropriate state agency.

7) Obtain a Federal Tax ID: You need to obtain an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). An EIN is used to identify your business for tax purposes. This number is used to identify the company for tax purposes.

8) File the necessary business licenses and permits. Depending on the type of business, you may need to obtain additional licenses and permits from the state. These may include Reseller Certificate, Tax Exemption etc.

9) Taxes: You will NOT pay any tax in the US as a non-Resident, regardless of which State you set your company in.

We offer comprehensive Company Registration services in USA, be it a LLC or C-Corp, we handle all formation services, all the paperwork, do the filing of necessary forms, paying the fees, and providing a registered agent.

We specialize in US company formation, setting up company Bank Accounts, Taxes, Accounting, and Compliance.

How to Open Bank Account in USA from India

Opening a bank account in the USA from India can be a straightforward process, but it may require some preparation and documentation. Here are the steps you can follow:

1. Choose a bank: Research banks that operate in the USA and offer services that meet your needs. Many banks have branches in India or partner with Indian banks, which can make the process smoother. Some banks may require a minimum deposit, while others may not. Once you have selected the bank that best meets your needs, the next step is to prepare the required documents.

2. Prepare documentation: You will need to provide identification documents, such as a passport, visa, or a government-issued ID card. You may also need to provide proof of address, such as a utility bill or a bank statement.

3. Apply online: Many banks allow you to apply for an account online. You will need to provide your personal information and upload your identification and proof of address documents.

4. Complete the verification process: After you apply, the bank may ask you to verify your identity. This may involve answering security questions, providing additional documentation, or scheduling a video call.

5. Fund your account: Once your account is opened and verified, you can transfer funds from your Indian bank account to your new USA bank account.

Keep in mind that some banks may have specific requirements or restrictions for opening an account from outside the USA. It's a good idea to contact the bank's customer service department if you have any questions or concerns.

What are the benefits of registering a company in USA?

There are several benefits to registering a company in the USA, including:

1) Limited Liability Protection: One of the biggest advantages of registering a company in the USA is the limited liability protection it provides. This means that the company's owners are not personally liable for the debts and obligations of the company. This can protect the personal assets of the owners in the event of a lawsuit or bankruptcy.

2) Access to Funding: The USA has a well-developed financial system, which means that there are many options available for businesses to access funding. This includes traditional bank loans, venture capital, and angel investors.

3) Credibility: Registering a company in the USA can add credibility to your business. The USA has a strong reputation for business innovation and success, and having a US-based company can help establish your business as a serious player in your industry.

4) Access to a Large Market: The USA is home to a large consumer market, which can provide a significant opportunity for businesses to grow and expand. This can be particularly beneficial for businesses that are focused on technology, e-commerce, or other industries that can reach a global audience.

5) Favourable Business Environment: The USA has a favourable business environment, with relatively low taxes and a business-friendly regulatory framework. This can make it easier for businesses to start, operate, and grow in the USA.

6) Tax advantages: Registering a company in the USA can provide a range of tax advantages, including reduced corporate tax rates and deductions.

7) Intellectual Property Rights: Registering a company in the USA provides access to a well-established legal system with strong protection of intellectual property rights.

8) Professional networks: Registering a company in the USA can provide access to range of professional networks, resources, and contacts to expand your business further.

9) Crypto Friendly: The United States has a complex regulatory environment when it comes to cryptocurrencies. While the US government recognizes cryptocurrencies as a legitimate asset class, the regulations and laws governing cryptocurrencies vary by state and federal agencies.

In general, the US is considered to be relatively friendly towards cryptocurrencies compared to many other countries. The US has many cryptocurrency exchanges and companies operating within its borders, and it is also home to many cryptocurrency enthusiasts and investors.

Additionally, the Internal Revenue Service (IRS) considers cryptocurrencies to be property for tax purposes, which means that capital gains taxes apply to cryptocurrency transactions.

Overall, US can be seen as a crypto-friendly country, but it is important for individuals and companies operating in the cryptocurrency space to be aware of the regulatory environment and stay up to date on any changes in the law.

Can I Pay Using Paypal Without A Paypal Account?

Yes, you can use PayPal to make payments without having a PayPal account. PayPal allows non-account holders to make payments as guests, which means you can pay with your debit or credit card without having to sign up for a PayPal account.

Here's how you can make a payment on PayPal without an account:

1. Go to the PayPal website and click on the "PayPal Guest Checkout" or "Pay with Debit or Credit Card" option (depending on the website you're making the payment on).

2. Enter the payment information, including the amount, and the debit or credit card information you want to use.

3. Fill in your billing and shipping address details, and any other required information.

4. Review your payment information and click on the "Pay Now" button to complete the payment.

Keep in mind that if you make a payment as a guest, you won't be able to track your payment history on PayPal or take advantage of some of the features available to account holders.