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Company Formation in the USA

Businesses are looking to incorporate companies in the U.S. more and more. However, legal complexity, recent tax reform, and foreign trade barriers pose a challenge for company formation in the United States.

NNRoad’s team of experts guides firms through the complex incorporation process, minimizing risks for smooth market entry.

Below you can check the types of companies that you can open in the USA:

  • Limited Liability Company (LLC) -A (LLC) can be considered as a mix between a Partnership and a Corporation because of its similarities to both. Like a Sole Proprietorship/Partnership, finances are sent to owners for their personal tax returns. Additionally, it is also a separate legal entity like a Corporation and has similar liability protection, but there is no stock involved.
  • C-Corporation - A Corporation (also known as a “C-Corporation”) is a distinct legal entity that can protect owners from corporate debt and personal liability. It is a separate establishment so can enter contracts, purchase real estate, and enter court as an entity fully separate from the owners. This entity may raise financial funds through selling stock and ownership can also change based upon stock ownership. The ownership of a corporation does not affect its duration and it has the ability to deduct many business expenses in taxes (unlike other legal entities).
  • S-Corporation - Companies may reach“S-Corporation Status” after its establishment by registering with the Internal Revenue Service (IRS). Once processed and accepted, the company is no longer required to pay corporate income taxes on its profits but the income is instead sent to shareholders for computing tax returns where each shareholder includes the profits with their own tax returns. S-Corporation is very sought after by smaller companies who want to avoid numerous classes of stock and complicated company structures.
  • Sole Proprietorship - A DBA (commonly referred to as “Doing Business As” and a “sole proprietorship”) is a business entity not completely separate from the owner because the owner is personally liable for the company and its financial status (added on owner’s tax returns). A “Partnership” is then such a business with multiple owners.
 
Limited Liability Company (LLC) C-Corporation  S-Corporation Sole Proprietorship
Legal Status Separate entity from the owner Separate entity from the owner Separate entity from the owner Separate entity from the owner
Separable Taxable Entity From Owner Depends on the tax status Yes No No
Number of Owners Depends on the tax status Unlimited 100 One
Management Per articles of organization Articles of incorporation generally required Articles of incorporation generally required Owner
Continuity of Life Per articles of organization Board of directors Board of directors Terminates with the death of the owner
Owner Liability Limited to investment, except for personal services Limited to investment, except for personal services Limited to investment, except for personal services Unlimited exposure
Transferability of Ownership Per articles of organization Can sell all or a portion of stocks Can sell all or a portion of stocks Only by the sale of entire business or creation of a different entity
Ability to Raise Capital Limited to owners' contributions and LLC's borrowing abilities; can sell interests to raise capital Limited to owners' contributions and corporation borrowing abilities; can sell interests to raise capital Limited to owners' contributions and corporation borrowing abilities; can sell interests to raise capital Limited to owners assets and borrowing ability
 

Discover our Total Market Entry Package

NNRoad offers a complete market entry solution for companies wishing to have local professional support during their market entry into the USA.

This package enables you to hire employees even before your company is completely set up in the U.S. Once your company’s formation is finished, NNRoad transfers all employment relationships to your new entity.

 
 

Steps for Company Formation in the USA

  • Confirm the selection of a business entity type.
  • Verification of selected business name.
  • Preparation and filing of all entity set up documents.
  • Entity compliance kit and seal.
  • Sample legal/compliance documents.
  • Obtainment of Federal Tax ID (EIN).
  • Assist with the search for the required business license(s).
  • Registered agent service.

PEO / Employer of Record in the USA

Hire and Pay Staff Legally in the US Even Without a Local Entity through our PEO Services

NNRoad is a Professional Employer Organization (PEO) that provides Employment Solutions in the USA, also known as Employer of Record (EoR) services.

Many companies opt to outsource their employment to minimize costs and legal risks when expanding their business operations in the USA.

NNRoad is specialized in helping foreign companies navigate through American employment laws and requirements, saving you time so you can focus on core business activities.

  • Legally hire local and foreign employees without a legal entity established in the USA.
  • Our PEO service in the USA includes: monthly payroll management, employer statutory benefits administration, individual income tax compliance, medical insurance, expenses management, and visa application (if employees are foreigners).
  • NNRoad becomes your in-country employer of record for dispatched employees in the USA. While you will still be responsible for the management of your employees.
 
Cost-effective Market Entry On-board your employees and start your business activity in record time.
Risk Mitigation Ensure the mandatory compliance for your company, staff and taxation.
One-stop Solution All legal & administrative requirements managed by one provider.

NNRoad's PEO Service in the USA Includes:

  • Hiring of and termination of employees/local labor contracts (contract administration).
  • On-boarding and off-boarding employees.
  • Complete payroll solution and benefits administration.
  • Employee management - timekeeping, bonus and allowance management, expense, and claims.
  • Mandatory insurance compliance.
  • Payment management (invoicing customers/clients and vendor payments).

Discover Our All-in-1 Market Entry Pack

NNRoad offers a complete market entry solution for companies wishing to have local professional support during their market entry into the USA. This package enables you to hire employees even before your company is completely set up in the U.S. Once your company’s formation is finished, NNRoad transfers all employment relationships to your new entity.
 

Payroll Service & Benefits in the USA

Outsource Your US Payroll in Full Compliance with Local Laws

For many companies, managing their payroll and tax can be a difficult process. The problem compounds in the US where companies have to navigate three separate tax filings – federal, state, and local taxes -, many challenging forms, and various employee benefits.

NNRoad’s payroll and tax outsourcing offer an opportunity for companies in this situation to increase business efficiency, cut costs, and minimize risks. NNRoad provides end to end payroll services in the US. We take care of payroll calculation, form preparation and filling, and more. Any company, either looking to expand or already established in the US can benefit from payroll outsourcing.

The Process for NNRoad’s Payroll Service in the USA: 

 
  1. Onboarding: During this period, NNRoad will align with your own specific dates and the payment notice template. We will also setup payroll items, policies, and formulas.  
  2. Recurring computing process: Within each pay period, you will receive one easy-to-understand, consolidated payroll report.
  3. Annually policy maintenance processes.
 

NNRoad’s Payroll and Benefits Outsourcing Services Includes :

  • Set up and maintenance of all employee records.
  • New hire information gathering for government agencies (worker eligibility).
  • Payroll calculation and processing/disbursement.
  • Payroll tax calculation, withholding of tax (Social Security, Medicare, Unemployment, Disability Insurance, etc.) & benefit contribution.
  • Federal and State payroll tax reporting.
  • W-2 and 1099-year end processing.
  • Obtainment of required workers' compensation insurance.
  • Providing health insurance coverage, if required.
 

Tax & Accounting Service in the USA

Whether you are a start-up, a growing business or a mature corporation, NNRoad offers a broad range of outsourced tax, accounting, and bookkeeping solutions. Our tax service in the USA is known for delivering a high-end service while guaranteeing knowledge of the rules and regulations, keeping you ahead of government deadlines, maintaining order in your internal financial systems, and ensuring a healthy tax environment for your business.

Our CPA professionals will examine your company’s financial status and operations to offer a wide range of accounting, financial, and consulting services. Our service catalog can be customized as per your company’s size and needs. Our general scope of services includes, but not limited to:

  • Corporate accounting (federal and state)
  • Individual accounting (federal and state)
  • Tax compliance and planning
  • Tax return service
  • Bookkeeping service
  • Financial reporting service
  • Tax consulting service

NNRoad Full Outsourced Tax & Accounting Solution in the USA

We at NNRoad offer a package that includes:
  • Corporate tax
  • Individual tax return (federal and state)
  • Corporate tax return (federal and state)
  • Tax consulting and planning
  • Financial reporting
  • Monthly and quarterly financial statements
  • Bank reconciliations
  • Foreign bank account reporting
  • US transfer pricing guide
  • Multi-state nexus analysis