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Being a Non-Resident USA, Can I start business or form a company in USA ?|InfoTaxSquare.com

 
 
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Category : > Corporation
Posted On : Sat Jan 30th,2010

 
 

Being a Non-Resident USA, Can I start business or form a company in USA? To establish a company in USA it is not required to be neither a resident nor citizen to form company in USA. Non-USA Resident has to follow the following guidelines.

  • They are required to have a physical address 
  • Any legal person can be a registered agent of entity.
  • PO Box is not acceptable
  • To maintain company which are required to file yearly annual report
  • To keep that company in a good standing it is required to file State Taxes if applicable, Federal Taxes
  • Being a Non-Resident USA, it will only be liable for State and federal taxes and it may not be required to pay USA Social Security and Medicare Taxes
  • They can either form a C-Corporation or an LLC but not an S-Corporation, because to form an s-corporation they have to be a resident or a citizen
  • But the C-Corporation can be converted any time to an S-Corporation once the individual get the status mean become a permanent resident of USA
  • There is no restriction to open a bank account as a non-us-resident
  • There is no restriction to hire employees under their entity
  • Non-resident USA can open a foreign entity of their existing oversees company to conduct business in USA, or if they have the same members or shareholders then they can open a separate entity.It will serve the same purpose
  • To create a foreign entity of existing oversees company they have to obtain certificate of good standing/certificate of existence or certificate of status that the company is legally registered
  • To create a foreign entity, existing company has to be in a good standing to execute a business.
  

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Comments (2)
arno   wrote on : Fri Jun 04th,2010
Hi , i live & work in the US , i have a H1B Visa . I want to start a business & form a company in the US . The company will have 2 members/shareholders myself & one other which is a South African citizen . The purpose of this company will be to manage services which has been outsourced to other companies i.e. wine importer , distributor & brokers . This company will own the rights to certain wine brands but will not import & distribute . I would really appreciate your assistance , or you can put me in touch with someone i can talk to please Regards
Reply : infotaxsquare.com
 
Dear Arno:

Thanks for choosing InfoTaxSquare.com for your business needs. Be a US resident or citizen is not a criteria to establish a business entity in USA. Your question is not clear whether do you want to form an LLC or a corporation and the state name for proper advise and quotations?

Please either use the following links to decide the best entity for your business or call us at 516.822.3100. email address: support@infotaxsuare.com

http://www.infotaxsquare.com/view_article.php?id=17
http://www.infotaxsquare.com/what-is-llc.html
http://www.infotaxsquare.com/what-is-c-corporation.html

InfoTaxSquare.com
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J. Golden   wrote on : Sat Jun 05th,2010
Being a non-resident of USA, how do I go about registering a business?
Reply : infotaxsquare.com
 
Dear J.Golden:

Thanks for choosing InfoTaxSquare.com for your business needs. Please use the following link to know the procedure to register a business in USA as a non-resident.

http://www.infotaxsquare.com/view_article.php?id=201

If you have any question please do not hesitate to contact us.

InfoTaxSquare.com
Business Documents
Filing!


 


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