How Do Non-Citizens Start a Company in the United States?
It’s not necessary to be a citizen to start a company in the States, but it can be challenging. When you create a company, you’re the owner of it. You can determine who it hires and fires and pay taxes on that company. Learning how to set up a company in the United States, no matter where you live is actually really easy.
It works because you’ll need to create a company in a particular jurisdiction and then apply for a tax I.D. number and social security number. You’ll also need to file your corporation in a state when you do that. There are a few ways you can do this.
The first option is to go to the Secretary of State’s office and file a shelf corporation. This means that you create a corporation, but you don’t actually do anything with it. You file it and get it on file, but that’s it.
The second option is to in-dorse the corporation, which means creating a company, having it legally registered with the state, and then choosing to do business. Finally, you can file with the IRS and be an S Corporation.
The Employer Identification Number (EIN)
When you want to start a business in the United States, you’ll need to obtain an Employer Identification Number or EIN. This number is similar to a social security number and is the easiest way to do business in the U.S. You can obtain one for free through the IRS.
The EIN or Employer Identification Number is used to identify the legal name of your business. It’s also used for other functions by the IRS and other government agencies. This number is also used for tax purposes.
The state will give you a tax I.D. number and social security number when you file a company. You’ll use this number for tax purposes and business transactions. This number is unique to you, and you’ll need to list it on everything you do.
As far as getting an EIN goes, you can obtain one from the IRS by filing Form SS-4, Application for Employer Identification Number. You can also do this online. If you’re going to be doing any business online in the U.S., this is the number you’ll need until you get a social security number.
Different Country Complications
The complications can be different depending on where you come from. Some countries will charge you a lot of money to do business in the U.S. This can be as little as $100 or as much as $2000. If you’re opening up a company online in the U.S., this is something to consider.
You may also have to deal with a foreign address on your business license. This may be something that you can get around, but it’s something to think about. Finally, you may need an American lawyer to help you out.
You may be a citizen of a different country, but that doesn’t mean you can’t make good money selling your product in the States. With the right equipment, you can do it and make a mint. However, you’ll need to know how to do business in the U.S. You won’t need to make extended visits to the U.S., and you’ll be able to make money from across the world.
Doola is a trusted partner for helping global entrepreneurs confidently form their companies in the US. We help our customers incorporate, access US payment systems, and stay legal year after year through continued support, business basics, and a global-first mindset. Are you interested in opening an LLC in the US? We provide everything you need in one place. Our plan helps your business with annual reports, compliance, domains, and multiple helpful services so you can grow your new company without the hassle. Get in touch with us today to explore your options!