How to Register a Business in the US from Oman Oman

Discover the essential steps and resources for entrepreneurs in Oman to successfully establish and manage a business in the United States, from understanding legal requirements to navigating financial and operational logistics.

Ready to start your business? Plans starting at $297 + state fees.

Step 1: Benefits of starting your US business from Oman

Starting a US business from Oman offers a unique combination of strategic advantages that can significantly benefit Omani entrepreneurs. One of the primary benefits is the ability to tap into one of the world's largest and most dynamic markets. By setting up a business in the United States, Omani entrepreneurs can access a vast customer base, diverse economic sectors, and a stable financial system. Additionally, the US offers numerous resources for business growth, including advanced technology, innovative practices, and robust support systems such as incubators and accelerators. This access can be a game-changer for scaling up operations and achieving international success.

Moreover, establishing a US business presence enhances credibility and opens doors to international partnerships and collaborations. The United States has strong legal protections for intellectual property and an investor-friendly environment, which can significantly boost investor confidence. For Omani businesses, this can pave the way for securing venture capital, forming strategic alliances, and exploring new market opportunities. Furthermore, because the US is a hub for global trade, an Omani entrepreneur can leverage US trade agreements and networks to expand their reach into other lucrative markets around the world. This strategic positioning can lead to sustained business growth and a competitive edge on the global stage.

Pros

  • Oman's strategic location allows easy access to global markets, making it a favorable hub for international trade.
  • The country offers a business-friendly environment with tax incentives and favorable regulations for foreign investors.
  • Oman's stable economy and government provide a secure and reliable platform for business growth and operations.

Cons

  • High cost of starting a business in Oman due to registration fees and licenses required
  • Limited access to skilled workforce for specialized industries
  • Cultural barriers can pose challenges in business operations and negotiations.

Step 2: How to start your US business from Oman

Starting a US business from Oman involves several essential steps to ensure compliance with legal and regulatory requirements. First, it is crucial to determine the type of business organization that best suits your needs, such as a corporation, limited liability company (LLC), or partnership. Each type has its advantages and legal formalities. Once you choose your business structure, you will need to register your business with the appropriate state authority. This typically involves filing the necessary documents, such as articles of incorporation for a corporation or articles of organization for an LLC, and paying the required fees.

In addition, you must obtain an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). This number is essential for tax purposes and for hiring employees. You may also need to open a US bank account, which often requires meeting specific banking regulations and documentation, such as proof of your business registration and EIN. Furthermore, consider seeking advice from a legal or financial expert familiar with both Omani and US business practices to ensure a smooth and compliant startup process.

Choose and reserve a name

It's wise to check your LLC name against similar businesses in your area. We include a name check with our formation services and can reserve names for you.

Pick a Registered Agent (RA)

An RA physically receives your LLC's legal notices during normal business hours. Most states require this, including Oman—but the good news is, we can do it for you.

File a Certificate of Formation

This document contains basic details about your LLC, including its name and address. When we file this for you, it's typically sent to the Oman Secretary of State.

Preparing an Operating Agreement

This outlines your LLC's rules for everything from decision-making to distributing profits. Though it isn't required in your state, our templates make it easy to prepare one and define your rights.

Get an Employer ID Number (EIN)

An EIN is like a Social Security number for your LLC, and is needed for banking, taxes, and hiring. Oman LLCs may also have additional post-formation tax and regulatory requirements.

Determine licenses needed

You'll also need to apply for any specific permits or licenses that may be required for compliance, although it's wise to wait until your LLC's formation documents are approved.

Step 3: Opening a Business Bank Account

A business bank account is a separate account that is used exclusively for business transactions. But why is it important to open a business bank account?

Keeping your personal and business finances separate is crucial. A dedicated business bank account allows you to do just that, making it much easier to track your business’s income and expenses. This clear separation translates to simpler tax reporting come tax season.

But the benefits go beyond bookkeeping. Having a separate account can provide legal protection. It establishes your business as a distinct entity from yourself. In the unfortunate event of a lawsuit or bankruptcy, this separation can help shield your personal assets from business liabilities.

Furthermore, a business bank account can boost your credibility and project professionalism.

It demonstrates to clients and vendors that you take your business seriously and are committed to maintaining accurate financial records. This can be especially important in establishing trust with potential partners.

Finally, a business bank account is essential for accepting payments, even if you utilize a merchant account. Whether you use doola or another service, funneling those customer funds into a dedicated business account is necessary.

doola partners with banks that allow you to open a bank account remotely from anywhere in the world, like Mercury. Shop around and compare different banks’ fees and services.

Look for a bank that offers the features you need, such as online banking, mobile banking, or overdraft protection.

You may also want to consider working with a bank that specializes in small business banking.

Step 4: Understanding Your Compliance Requirements in Oman

doola

Understanding Compliance Requirements for Running a US Business in Oman

Setting up and managing a US business in Oman necessitates a comprehensive understanding of local regulatory and legal frameworks. Below are key considerations to ensure compliance with Omani laws and regulations:

1. Business Registration and Licensing

Before commencing operations, it is critical to register your business with the Ministry of Commerce, Industry, and Investment Promotion (MOCIIP). Essential steps include:

  1. Choosing a business structure: Decide between options such as a Limited Liability Company (LLC) or a branch office.
  2. Registering with the MOCIIP: File necessary documents and complete the registration process.
  3. Obtaining licenses: Acquire relevant licenses based on the industry and business activities.

2. Foreign Ownership Regulations

Oman allows foreign investors to own up to 100% of their business under certain conditions. It is important to consider:

  • Free Trade Agreements (FTAs): Benefit from Oman's FTAs, specifically the US-Oman FTA, which offers various incentives and removes barriers for US companies.
  • Local Sponsorship: Understand the scenarios where a local sponsor or partner may be required.

3. Labor Laws and Employment

Compliance with Omani labor laws is crucial. Key points include:

  • Work Permits: Ensure all expatriate employees have valid work permits.
  • Omanization: Adhere to Omanization policies that mandate a specified percentage of the workforce to be Omani nationals.
  • Employment Contracts: Draft employment contracts in accordance with Omani labor laws and regulations.

4. Taxation

Understanding the tax framework is essential for financial compliance:

  • Corporate Tax: Currently, a standard corporate tax rate of 15% applies to most businesses, with specific exemptions and incentives under certain conditions.
  • Withholding Tax: Be aware of withholding tax on payments made to foreign entities for specific services.

5. Intellectual Property Protection

Secure your business's intellectual property by registering patents, trademarks, and copyrights with the respective Omani authorities to prevent infringement and ensure legal protection.

6. Environmental and Safety Standards

Compliance with environmental regulations and safety standards helps avoid legal penalties and promotes corporate responsibility:

  • Environmental Permits: Acquire necessary permits for activities that impact the environment.
  • Health and Safety Regulations: Implement safety measures and ensure compliance with local health and safety laws.

7. Navigating Trade Regulations

Ensure adherence to import and export regulations, including customs duties and trade compliance:

  • Customs Documentation: Prepare accurate and compliant customs documentation for import/export activities.
  • Trade Agreements: Utilize benefits from trade agreements and understand tariff implications.

By paying close attention to these considerations and seeking local legal and consultancy support, US businesses can effectively navigate the compliance landscape in Oman and ensure smooth operations.

doola offers a Total Compliance package, including bookkeeping services, to help you stay on top of your compliance requirements. This ensures your business operates smoothly and adheres to all legal and regulatory standards.

Step 5: Understanding Your Tax Obligations in Oman

Understanding Tax Obligations for Running a US Business in Oman

Operating a US business in Oman involves navigating a range of tax obligations specific to both the Omani and US regulatory environments. Understanding these obligations can help ensure compliance and optimize your business operations. Here are some key considerations:

Foreign Investment Regulations

Before delving into specific tax obligations, it's critical to understand Oman's foreign investment laws. Oman welcomes foreign investment, but certain sectors may have restrictions or require joint ventures with local partners. Always ensure your business structure aligns with local requirements to avoid potential tax and legal complications.

Corporate Income Tax

Oman imposes a corporate income tax on businesses operating within its borders. The standard rate is typically around 15%, but this can vary based on the nature of the business and specific incentives available in certain industries. It's advisable to consult with a local tax advisor to understand the exact rates applicable to your business.

Withholding Tax

Oman also enforces withholding tax on various types of income paid to non-residents, including dividends, interest, and royalties. Currently, the standard withholding tax rate is 10%. Knowing these rates and planning for them is crucial for managing cash flow and avoiding unexpected tax liabilities.

Value Added Tax (VAT)

As of recent years, Oman has implemented a Value Added Tax (VAT) system. The standard VAT rate is 5%. Businesses are required to register for VAT, collect it on taxable supplies, and remit it to the tax authorities. Ensure your accounting systems are equipped to handle VAT compliance.

Double Taxation Agreements (DTAs)

Oman has entered into Double Taxation Agreements with various countries, including the United States. These treaties can help prevent double taxation on the same income and provide mechanisms for tax relief. Reviewing the applicable DTA can uncover potential benefits and obligations for your business.

Tax Reporting and Compliance

Maintaining accurate financial records and fulfilling reporting requirements is crucial for compliance. Businesses in Oman are generally required to file annual tax returns, even if no tax is due. Ensure that your financial statements and documentation are in order to avoid penalties and facilitate smooth audits.

US Tax Considerations

Running a US business in Oman also means adhering to US tax obligations. This includes reporting foreign income and potentially paying taxes on worldwide income, depending on specific circumstances. Utilizing foreign tax credits and other US tax relief mechanisms can help mitigate double taxation.

Professional Advice

Navigating tax obligations in multiple jurisdictions is complex. It's highly advisable to seek professional advice from tax consultants or legal experts familiar with both Omani and US tax systems. This can help ensure compliance, identify potential savings, and enhance overall business strategy.

Understanding and addressing these tax considerations will empower your US business to thrive in Oman, fostering growth while ensuring compliance with both local and international tax laws.

It’s a good idea to consult with a tax professional or an accountant (or to hire these roles in-house) to make sure you’re not missing anything.

doola's Total Compliance package can handle your tax filings for you, ensuring you remain compliant with federal, state, and local tax requirements.

Step 6: How doola Can Assist

doola

doola simplifies the incorporation and setup process for your company, ensuring you’re ready to charge customers, hire your team, and raise funds as quickly as possible.

Fill out your company details in the doola form in less than 10 minutes. Then, we’ll incorporate your company in any of the 50 US states, get your IRS tax ID (EIN) for you, and file your 83(b) tax election if needed. 

doola can also help you open a bank account and start accepting payments even before the IRS assigns your tax ID.

doola founders also gain access to exclusive discounts at leading software partners, one-click onboarding with select partners, and free CPA consultations.

The doola Application

It takes less than 10 minutes to fill out the details of your new company. You’ll choose your company structure (C corporation, limited liability company) and pick a company name.

Our instant company name checker will let you know if it’s available before you submit your application. You’ll add an address and phone number and review and sign your EIN SS4 letter in one click.

Forming the Company

doola will review your application and file your formation documents in the state within one business day. doola charges $297 for our Starter Plan and your first year of registered agent services (a state compliance requirement), and $297 each year thereafter to maintain your registered agent. 

You can also opt for our Total Compliance plan.

Getting Your IRS Tax ID (EIN)

After your formation in the state is complete, doola will file for your company’s IRS tax ID. Founders who provide a US Social Security number, US address, and US phone are eligible for expedited processing. All other users will receive standard processing. 

For standard orders, doola will fax your form SS4 to the IRS and then call the IRS to retrieve the EIN for you to expedite the process if we can, using real-time IRS data to determine when your filing is likely to be available.

Filing Your 83(b) Tax Election

Many startup founders choose to file an 83(b) tax election to potentially save on future personal taxes. doola can file and mail your 83(b) tax election in one click for both US and non-US founders — no trip to the post office required.

We’ll file it using USPS Certified Mail with tracking, and you’ll get a copy of your signed 83(b) election and proof of filing in your Dashboard.

Partner Perks and Discounts

doola partners with a range of third-party tools to offer special pricing or access to founders. We offer discounts on engineering, tax and finance, compliance, and operations tools, including Amazon Web Services.

doola also partners with Mercury to provide faster, automatic onboarding using your doola company information so you can get ready to bank and fundraise even faster.

Founders may also access discounts on other doola products, including up to one year of free credits toward payment processing.

Read our guides for startup founders, or learn more about doola and how we can help you set up your new business quickly and easily.

Turn your entrepreneurship dream into reality today!

We do our best to provide accurate and up to date information, however the information provided here are just guidelines. Please speak with a tax and compliance professional in your country

doola's website is for general information purposes only and doesn't provide official law or tax advice. For tax or legal advice we are happy to connect you to a professional in our network! Please see our terms and privacy policy. Thank you and please don't hesitate to reach out with any questions.

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Starter

Start your business 🏁

Formation & EIN filings, RA service, Operating Agreement, and regular compliance reminders.

State fee not included.

$297 /yr

Total Compliance

Stay 100% compliant 🚀

Formation with Expedited processing, Annual State filings, IRS Tax filings, a dedicated Account Manager and a free CPA consultation.

State fee not included.

Each state charges a one-time formation fee. Your state fee will vary depending on the state you form in. Not sure which state to choose? Take our quiz →

Getting started with doola is easy

Step 1

Form your company 🏁

What we need from you is your:

  • Ideal company name
  • Personal address (it can be anywhere in the world)
  • Email address

Get your company formed in:

1 week (on average)

Step 2

Get everything you need 🤝

What you get from us:

  • Company formed with any state
  • Employer Identification Number (EIN)
  • Operating Agreement & Articles of Organization
  • Registered Agent service

Get your EIN in:

1 – 2 business days with SSN

8 weeks (on average) without SSN

Step 3

Set up your US bank account 🏦

Once you get your EIN (required for a bank account), you’re ready to apply for a US bank account through our custom partner portal. A passport is required for this step. ‍

Get your bank account in:

3 – 5 business days

Step 4

Grow your business 🚀

You’re all set to dive into your work with the assurance that your business is compliant. Explore additional services, including doola Taxes, available for purchase directly from your Dashboard. For compliance from day one, consider starting with Total Compliance.

doola


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Y Combinator

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YC S20's @doolaHQ is the one-stop-shop for US and non-US residents to launch a US LLC, DAO LLC, and C Corp — and today they're sharing their company formation API with the world, to enable businesses big and small to create a company from the command line.

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Ankur Nagpal

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You can programmatically create a company or DAO using their API Programmatically create a business, get an EIN, get a US bank account, process payments, file taxes & more Perfect for any “business in a box” startup

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Jose Rosado

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Thanks to the @StartPackHQ for helping me with this process. Check them out 👇 https://rosa.do/startpack

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Mary Ann Azevedo

.@doolaHQ, which describes itself as a "Business in a box" for SMBs, has raised $3M in a seed round of funding. doola provides company formation, an EIN, a U.S. address and bank account, access to U.S. payments and a tax consultation, among other things.

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Ankur Nagpal

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The good news: You don't have to be a US resident to start a company in America If you want to start a tech startup, incorporate a C-Corp If you want to freelance or consult with your own business, incorporate a LLC This should be straightforward - use @doolaHQ & you're good

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Alex Lieberman

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I haven't started a business in 8 years. I had to rediscover the mission critical tools for starting & running a new venture. Here's the stack:LLC registration: @doolaHQ, Trademark filing: @JoshGerben, Domain registration: @GoDaddy, Website: @Shopify, Banking: @mercury, Payments: @stripe, Files: @googledrive, Internal email: @gmail, Extern email: @Mailchimp, Go-to Market: @Kickstarter, Task Management: @asana

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Syndicate

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8/ We've also teamed with @doolaHQ to enable DAOs on Syndicate to get legal entities and EINs, open fiat bank accounts, submit compliance filings, and issue K-1 tax forms easily and affordably. This is just the beginning of new capabilities we’ll be bringing to DAOs, together.

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Elizabeth Yin

Congrats to @HustleFundVC portfolio company Doola (formerly StartPack) on their new round! Thank you for letting us invest

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Will Papper

We use @doolahq at @SyndicateDAO

Twitter User Profile Picture

Y Combinator

Twitter Verified

YC S20's @doolaHQ is the one-stop-shop for US and non-US residents to launch a US LLC, DAO LLC, and C Corp — and today they're sharing their company formation API with the world, to enable businesses big and small to create a company from the command line.

Twitter User Profile Picture

Ankur Nagpal

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You can programmatically create a company or DAO using their API Programmatically create a business, get an EIN, get a US bank account, process payments, file taxes & more Perfect for any “business in a box” startup

Twitter User Profile Picture

Jose Rosado

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Thanks to the @StartPackHQ for helping me with this process. Check them out 👇https://rosa.do/startpack

Twitter User Profile Picture

Mary Ann Azevedo

.@doolaHQ, which describes itself as a "Business in a box" for SMBs, has raised $3M in a seed round of funding. doola provides company formation, an EIN, a U.S. address and bank account, access to U.S. payments and a tax consultation, among other things.

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Ankur Nagpal

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The good news: You don't have to be a US resident to start a company in America. If you want to start a tech startup, incorporate a C-Corp If you want to freelance or consult with your own business, incorporate a LLC This should be straightforward - use @doolaHQ & you're good

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Alex Lieberman

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I haven't started a business in 8 years. I had to rediscover the mission critical tools for starting & running a new venture. Here's the stack:LLC registration: @doolaHQ, Trademark filing: @JoshGerben, Domain registration: @GoDaddy, Website: @Shopify, Banking: @mercury, Payments: @stripe, Files: @googledrive, Internal email: @gmail, Extern email: @Mailchimp, Go-to Market: @Kickstarter, Task Management: @asana

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Syndicate

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8/ We've also teamed with @doolaHQ to enable DAOs on Syndicate to get legal entities and EINs, open fiat bank accounts, submit compliance filings, and issue K-1 tax forms easily and affordably. This is just the beginning of new capabilities we’ll be bringing to DAOs, together.

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Elizabeth Yin

Congrats to @HustleFundVC portfolio company Doola (formerly StartPack) on their new round! Thank you for letting us invest

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Will Papper

We use @doolahq at @SyndicateDAO

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Hustle Fund

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Congrats team @doolaHQ! Ya'll ship so well and are continue to make company formation a snap. Appreciate being on this journey with you!

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dharmesh

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Love the work that @DoolaHQ is doing. Aligns with my philosophy of addressing the "talent is evenly distributed, opportunity is not" issue. More startups everywhere = good for everyone.

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Aditya Mohanty

Was blown away seeing how easy @doolaHQ makes it to start an entity in the US, completely online. If you're planning to build from India for the world, definitely watch out for this team 🔥

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Y Combinator

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YC S20’s @doolaHQ is the one-stop-shop for U.S. and non-U.S. residents to launch a U.S. LLC and C Corp — and today they're launching full support for DAO LLCs, bridging web3 and web2:

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Sahil Bloom

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💥Investment Announcement💥 Excited to invest in @doolaHQ! A business-in-a-box platform enabling founders from anywhere in the world to start their dream US business. Proud to be an investing alongside @NexusVP @ycombinator @dharmesh @ankurnagpal @anothercohen, and more!

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Alex Lieberman

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I love businesses that go long growth of entrepreneurship. @tryramp for startup spending, @doola for business formation, @carta for equity management and @Rippling for HR & IT

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Eric Bahn

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I recommend bookmarking this if you start to get serious about angel investing. LLC structures have some great benefits, thank you @arjunmahadevan for the awesome explainer here!

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Rohun

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you should be able to "start a business" without having to worry about LLCs, bank accounts, taxes, and bookkeeping. my friend, @arjunmahadevan is building this with @doolaHQ here's why it's a great biz and you should use them for the next LLC you form.

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Hustle Fund

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Congrats team @doolaHQ! Ya'll ship so well and are continue to make company formation a snap. Appreciate being on this journey with you!

Twitter User Profile Picture

dharmesh

Twitter Verified

Love the work that @DoolaHQ is doing. Aligns with my philosophy of addressing the "talent is evenly distributed, opportunity is not" issue. More startups everywhere = good for everyone.

Twitter User Profile Picture

Aditya Mohanty

Was blown away seeing how easy @doolaHQ makes it to start an entity in the US, completely online. If you're planning to build from India for the world, definitely watch out for this team 🔥

Twitter User Profile Picture

Y Combinator

Twitter Verified

YC S20’s @doolaHQ is the one-stop-shop for U.S. and non-U.S. residents to launch a U.S. LLC and C Corp — and today they're launching full support for DAO LLCs, bridging web3 and web2:

Twitter User Profile Picture

Sahil Bloom

Twitter Verified

💥Investment Announcement💥 Excited to invest in @doolaHQ! A business-in-a-box platform enabling founders from anywhere in the world to start their dream US business. Proud to be an investing alongside @NexusVP @ycombinator @dharmesh @ankurnagpal @anothercohen, and more!

Twitter User Profile Picture

Alex Lieberman

Twitter Verified

I love businesses that go long growth of entrepreneurship. @tryramp for startup spending, @doola for business formation, @carta for equity management and @Rippling for HR & IT

Twitter User Profile Picture

Eric Bahn

Twitter Verified

I recommend bookmarking this if you start to get serious about angel investing. LLC structures have some great benefits, thank you @arjunmahadevan for the awesome explainer here!

Twitter User Profile Picture

Rohun

Twitter Verified

you should be able to "start a business" without having to worry about LLCs, bank accounts, taxes, and bookkeeping. my friend, @arjunmahadevan is building this with @doolaHQ here's why it's a great biz and you should use them for the next LLC you form.

Twitter User Profile Picture

Y Combinator

Twitter Verified

YC S20's @doolaHQ is the one-stop-shop for US and non-US residents to launch a US LLC, DAO LLC, and C Corp — and today they're sharing their company formation API with the world, to enable businesses big and small to create a company from the command line.

Twitter User Profile Picture

Hustle Fund

Twitter Verified

Congrats team @doolaHQ! Ya'll ship so well and are continue to make company formation a snap. Appreciate being on this journey with you!

Twitter User Profile Picture

Ankur Nagpal

Twitter Verified

You can programmatically create a company or DAO using their API Programmatically create a business, get an EIN, get a US bank account, process payments, file taxes & more Perfect for any “business in a box” startup

Twitter User Profile Picture

dharmesh

Twitter Verified

Love the work that @DoolaHQ is doing. Aligns with my philosophy of addressing the "talent is evenly distributed, opportunity is not" issue. More startups everywhere = good for everyone.

Twitter User Profile Picture

Jose Rosado

Twitter Verified

Thanks to the @StartPackHQ for helping me with this process.Check them out 👇 https://rosa.do/startpack

Twitter User Profile Picture

Aditya Mohanty

Was blown away seeing how easy @doolaHQ makes it to start an entity in the US, completely online. If you're planning to build from India for the world, definitely watch out for this team 🔥

Twitter User Profile Picture

Mary Ann Azevedo

.@doolaHQ, which describes itself as a "Business in a box" for SMBs, has raised $3M in a seed round of funding. doola provides company formation, an EIN, a U.S. address and bank account, access to U.S. payments and a tax consultation, among other things.

Twitter User Profile Picture

Y Combinator

Twitter Verified

YC S20’s @doolaHQ is the one-stop-shop for U.S. and non-U.S. residents to launch a U.S. LLC and C Corp — and today they're launching full support for DAO LLCs, bridging web3 and web2:

Twitter User Profile Picture

Ankur Nagpal

Twitter Verified

The good news: You don't have to be a US resident to start a company in America If you want to start a tech startup, incorporate a C-Corp If you want to freelance or consult with your own business, incorporate a LLC This should be straightforward - use @doolaHQ & you're good

Twitter User Profile Picture

Sahil Bloom

Twitter Verified

💥Investment Announcement💥 Excited to invest in @doolaHQ! A business-in-a-box platform enabling founders from anywhere in the world to start their dream US business. Proud to be an investing alongside @NexusVP @ycombinator @dharmesh @ankurnagpal @anothercohen, and more!

Twitter User Profile Picture

Alex Lieberman

Twitter Verified

I haven't started a business in 8 years. I had to rediscover the mission critical tools for starting & running a new venture. Here's the stack:LLC registration: @doolaHQ, Trademark filing: @JoshGerben, Domain registration: @GoDaddy, Website: @Shopify, Banking: @mercury, Payments: @stripe, Files: @googledrive, Internal email: @gmail, Extern email: @Mailchimp, Go-to Market: @Kickstarter, Task Management: @asana

Twitter User Profile Picture

Alex Lieberman

Twitter Verified

I love businesses that go long growth of entrepreneurship. @tryramp for startup spending, @doola for business formation, @carta for equity management and @Rippling for HR & IT

Twitter User Profile Picture

Syndicate

Twitter Verified

8/ We've also teamed with @doolaHQ to enable DAOs on Syndicate to get legal entities and EINs, open fiat bank accounts, submit compliance filings, and issue K-1 tax forms easily and affordably.This is just the beginning of new capabilities we’ll be bringing to DAOs, together.

Twitter User Profile Picture

Eric Bahn

Twitter Verified

I recommend bookmarking this if you start to get serious about angel investing. LLC structures have some great benefits, thank you @arjunmahadevan for the awesome explainer here!

Twitter User Profile Picture

Elizabeth Yin

Congrats to @HustleFundVC portfolio company Doola (formerly StartPack) on their new round! Thank you for letting us invest

Twitter User Profile Picture

Rohun

Twitter Verified

you should be able to "start a business" without having to worry about LLCs, bank accounts, taxes, and bookkeeping. my friend, @arjunmahadevan is building this with @doolaHQ here's why it's a great biz and you should use them for the next LLC you form.

Twitter User Profile Picture

Will Papper

We use @doolahq at @SyndicateDAO

faq image

Why should I get an LLC and a business bank account?

Forming an LLC and opening a business bank account are essential steps to protect your personal assets and streamline your finances. An LLC limits your personal liability in case of legal or financial issues, while a business bank account helps you separate personal and business finances, making tax preparation easier and ensuring a more professional image for your business.

Do I need to be a US citizen to work with doola?

No, you don’t! We work with entrepreneurs from around the world to get their businesses incorporated. Don’t take our word for it, though; check out our TrustPilot Page to hear what people globally have to say about doola.

What is an LLC (Limited Liability Company)?

A limited liability company is a formal business structure (created as per state law) where the business is legally distinct from the owner(s). It may have a single owner in the case of a Single-Member LLC or multiple owners in the case of a Multi-Member LLC.

An LLC combines the perks of a corporation (protection against personal liability) and a partnership (pass-through taxation). Since the business has a separate legal existence, the members are not personally liable for the debts and obligations of the Company.

State laws stipulate how LLCs should be incorporated. Some states require specific documents, such as the articles of organization, membership agreement, etc., to be filed with the authorities.

Learn more about LLCs and how they work in FREE ebook. 

What information do you need from me to get started?

We don't need any documents to get started. We just need a few pieces of info from you:

  • Your Company Name
  • Your Personal Address
  • Phone Number and Email (For contact purposes)

Later in the process, you'll need a passport to set up your bank account.

What is an EIN?

An Employer Identification Number is the tax identification number for your organization and a requirement of many banks or institutions (such as the IRS) to carry out business in the US. Once your EIN is acquired, you can apply for business bank accounts and payment gateways. Learn more about the full process.

What is an ITIN?

An Individual Tax Identification Number (ITIN) can be used as an alternative for a Social Security Number (SSN) in some cases and is not a requirement in most cases. However, you will be required to have one if you wish to apply for a PayPal account or certain bank accounts. We walk you through how this process looks like in our guide!

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