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How to Form Your Company with doola

By Marc Guberti

Published on 2 Oct 2023 5 min read

Forming an LLC offers many benefits, but it also takes a lot of work. You have to gather a lot of paperwork, make sure it is all filed correctly, and stay on top of your LLC once it is formed.

It’s a lot to do on your own, but you don’t have to navigate the LLC formation process alone.

doola offers LLC formation services and other resources that can help business owners. This guide will cover how LLC formation works and why many business owners turn to doola for guidance.

What Is doola?

Business owners from around the world need help with forming their businesses and reaching more customers. Many of these business owners turn to doola for help with starting, managing, and growing their businesses. doola handles the nuances of business management, so you have more time to grow your business.

doola currently serves over 10,000 founders in 175 countries in six continents.

Why Should You Form Your US Company with doola?

Forming a US company with doola can provide you with many benefits. These are some of the perks you can expect. 

1. Form Your LLC Anywhere in the World

You don’t have to reside in the US to create a corporation. doola’s services allow international business owners to form LLCs in the US. You do not need a Social Security Number to form an LLC through doola. It can help non-US residents form LLCs in Wyoming and Delaware.

The entire process can take up to four weeks for non-US residents.

2. Create EIN and Operating Agreement

doola will help you obtain an EIN and create an operating agreement for your LLC. Both these are required and can take a bit of time to obtain on your own. doola takes care of the complicated details so you can focus on strengthening your company’s financials. 

3. Free Registered Agent Service for 1 year

Every LLC needs a registered agent or a registered agent service. You can become your own registered agent. However, the responsibilities of being a registered agent can take you away from your business and stagnate your company’s growth.

doola offers a free registered agent service for the first year, so you don’t have to worry about the small details. You can then decide if you want to be your own registered agent or continue to pay for a service that will save you time.

4. A Mailing Address/Virtual Mailbox Based in the US

Your business must have a legitimate mailing address in the same state where you form an LLC. Not everyone has the flexibility to create a legitimate mailing address in the US, but doola can help.

You will have a mailing address or a virtual mailbox for your LLC that is based in the US. This is one of the requirements for forming an LLC, and doola has you covered.

4 Simple Steps to Form Your Company in the US with doola

doola offers a simple 4-step process for LLC formation. If you decide to work with doola to launch and manage your LLC, you can expect this process.

1. Submit Important Information

The professionals at doola will waste no time filing your company. The moment you submit your payment and send over your information, doola gets to work forming your company! 

You only have to provide some basic information to get started instead of needing a mountain of documents before proceeding. You will only have to fill out a form with the following details:

• Your ideal company name
• A personal address (can be anywhere in the world)
• Your email (so we can stay in touch)

Timeline:  1 week (on average)
Dependencies: Processing speeds depend on the state

If you are just getting started and aren’t sure what to name your business, doola can help with that also. You can check out this doola guide on choosing a good business name that attracts customers.

2. Get Your U.S. Employer Identification Number (EIN)

doola proceeds to submit an EIN application for your business after it is formed. You won’t need a Social Security Number for this step, and doola will apply on your behalf. If you have a Social Security Number, you should provide it to doola to speed up the process.

Timeline (with SSN): 1 - 2 business days
Timeline (without SSN): 4-6 weeks (on average)
Dependencies: The IRS (Internal Revenue Service) processing speeds

An EIN helps the IRS identify your business for tax purposes. It’s the business version of a Social Security Number. You will need an EIN to cover salaries and business taxes. Small business lenders will ask for your EIN during the application process unless you want to use a personal loan for your business. doola can help you obtain a foreign EIN if you live outside of the United States.

3. Apply for a US Bank Account

You must have an EIN to create a business bank account in the United States. Once you have this number, doola can walk you through the process of applying for and receiving a US business bank account. You will have to provide your passport during this step.

Timeline: 3 - 5 business days
Dependencies: The bank set up process

A US bank account makes it easier to manage your business finances and can help with receiving business loans. Business bank accounts also make it easier to file taxes since you can separate your business finances from your personal finances.

4. Connect Your Bank Account to Your Payment Processor

Connecting your bank account to your payment processor ensures that the revenue you receive quickly becomes accessible. After working hard on your business, one of the last things you want to do is discover that the funds weren’t arriving in your US business bank account.

Timeline: 3 - 5 business days
Dependencies: The payment processor process

You can create a Stripe account or get started with another payment processor to receive funds. Payment processors also give your customers multiple ways to make payments. Giving customers access to their preferred payment methods will create less friction between meeting a customer and generating a sale.

How Much Does doola Business Formation Service Cost?

doola offers several business formation services that can help you start, grow, and manage your LLC. These are the packages doola offers:

Formation Package

The Formation Package is great for business owners who are getting started and want to form LLCs. This package helps with every step of forming and maintaining your LLC and includes registered agent services.

Price: $297

Tax Compliance Package

The Tax Compliance Package is for high-revenue businesses that don’t want to worry about any part of starting or maintaining an LLC. This package includes the perks of the other packages. Clients also receive IRS Tax Filings and expedited processing. You can get a quarterly CPA consultation with this package. 

Price: $1999/year or $300/month

Get the Best Support for Your LLC with doola

Running a business is hard, but having the right team behind you can make it a lot easier. doola can help you set up an LLC and provide the tools you need to manage and grow your company. You can get started with doola’s LLC formation services and discover which package is right for you.

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