Starting a business involves planning, making key financial decisions, and completing a series of legal activities. However, legal complexity, recent tax reform, and foreign trade barriers pose a challenge for company formation in the United States.
NNRoad makes entering to US easy and smooth. Learn more about “Opening a Company in the US” with us.
Step 1. Choose a business structure
The legal structure you choose for your business will impact your business registration requirements, how much you pay in taxes, and your personal liability.
The following structures are available for businesses that want to open a company in the USA:
-Corporations (S, C, and Joint Ventures types)
-Limited Liability Company (LLC)
-Sole proprietorship
-Partnerships (Limited and Unlimited)
Read more detail introduction of each type of structures here in another article
Step 2. Choose your business name
It’s not easy to pick the perfect name. You’ll want one that reflects your brand and captures your spirit. You’ll also want to make sure your business name isn’t already being used by someone else.
Step 3. Register your business
Once you’ve picked the perfect business name, it’s time to make it legal and protect your brand. If you’re starting business under a name different than your own, you’ll need to register with the federal government, and maybe your state government, too.
Step 4. Get federal and state IDs
You’ll use your employer identification number (EIN) for important steps to start and grow your business, like opening a bank account and paying taxes. The Employer Identification Number (EIN), also known as the Federal Employer Identification Number (FEIN) or the Federal Tax Identification Number, is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to business entities operating in the United States for the purposes of identification. It’s like a social security number for your business. Some — but not all — states require you to get a tax ID as well.
Step 5. Apply for licenses and permits
Keep your business running smoothly by staying legally compliant. The licenses and permits you need for your business will vary by industry, state, location, and other factors.
Step 6. Open a business bank account
A small business checking account can help you handle legal, tax, and day-to-day issues. The good news is it’s easy to set one up if you have the right registrations and paperwork ready.
Are you expanding your business to America? NNRoad’s team of experts guides firms through the complex incorporation process, minimizing risks for smooth market entry.
Read more about our “Entity Formation & Setup in the United States”, and ask for a free quote today.
If you are hesitated to open a company right now, don’t worry. We provide PEO service which could help to lease employees in states.
Here’s more about “How to Work with an International PEO in the US”
