How To Register A Company In United States
Having a company registered in the USA allows you to do a number of things including:
- Open a United States bank account so you can sell to domestic clients.
- Gain access to a new market that can enhance the reputation of your business, both in your home country and in the US.
- Open online accounts with businesses like Amazon FA.
How To Register A Company In United States
- Decide what type of business organization is right for you.
- Decide where you should form your LLC (Limited Liability Company).
- Find a local registered agent.
- If applicable, register your LLC or S-corporation.
- Apply for an EIN (Employer Identification Number).
- If necessary, get a US mailing address.
- Open a bank account in the US.
- Open a merchant account so you can accept payments from customers.
- Purchase business insurance.
- Get a local US phone number for your new business.
- Research what your tax liability is going to be.
- Be sure you are keeping your business and personal accounts separate.
- Pay annual fees and any other required fees.
- Make sure you’re in compliance with any city, county, state, and federal requirements.
- Consult a US business lawyer licensed to practice in the state where your business is located in the US.
How long does it take to register a company in the USA?
Companies in the USA need to register to the Secretary of State office of the business location. After submitting your registration requirements, the government will process the document and review all the information before approving. This process may vary in time, depending on the state.
In most states in the USA, it can take between 4 to 6 weeks for the Secretary of State to approve an application for an LLC or S-corporation, sometimes longer. Rush processing is available in certain states, such as New York. If your business plan depends heavily on timing, it is advisable to pay the extra fee (vary between states) as this service cuts the processing time to 2 – 3 business days.
Where to Base Your Business in the USA?
Choosing your company’s location is one of the most important decisions you will make. It can involve looking at a variety of things to decide what is best for you:
- Demographics
- Understanding your local competition
- Finding your supply chain
- Comparing state laws and tax regulations
- Ensuring you stay on budget
The decision you make should be one that will meet all the business objectives for your company in the most cost-effective manner without sacrificing quality. Big cities in the USA can bring more business to your company but there is more competition. Each business is different, so you will need to decide what factors are the most important for your business. Is it the location? Transportation? Accessibility to skilled labor?