Selection of Right Entity Structure
The first step is to determine the type of legal structure your business will take, such as a sole proprietorship, partnership, LLC, or corporation.
Selection of State
The next step is to decide which state you want to register your business in US. The state you choose will determine the specific requirements for registration and ongoing compliance.
Choose a Company Name
Choose a unique name for your business that is not already in use by another registered business in the state.
Appoint a Registered Agent
It is mandatory for a new company to appoint a Registered Agent in the state of registration. RA must have permanent physical presence (office/home) within the state.
Registration with State
Submit the necessary paperwork and pay the required fee to register your business with the Secretary of State in the state you have chosen.
Obtain EIN (Tax ID)
Apply for an Employer Identification Number (EIN Number) from the Internal Revenue Service (IRS) to identify your business for tax purposes.
Get Necessary Licenses and Permits
Depending on the type of business you are starting, you may need to obtain certain licenses and permits to operate legally.
Apply for Business Bank Account
Open a separate US business bank account for your business to keep your personal and business finances separate.
Register for Local Taxes
Register for any state and local taxes that apply to your business, such as sales tax, franchise tax, municipal tax etc. if you have/planning to have physical presence.
Get Payment Gateway (Optional)
If you business operates online or deal in E-Commerce, you may want to get a US Payment Gateway to accept payments online.
Be Aware of Duties as Business Owner
There are multiple State and Federal compliance obligations and due dates to comply with. So it is important that you have a trusted CPA, Attorney or a Law Firm to guide you through that.
LAUNCHEASE USA LLC is an IRS-licensed Certifying Acceptance Agent (CAA) & award-winning legal technology and CPA firm which assists global entrepreneurs all over the world in the formation and management of their US business remotely.