How to Register a Business in the US from Panama Panama

Navigating the process of establishing a US-based business from Panama involves understanding key legal, financial, and logistical steps to ensure a smooth and successful launch for entrepreneurs abroad.

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

Step 1: Benefits of starting your US business from Panama

Starting a US business from Panama offers a myriad of benefits that can significantly enhance your entrepreneurial journey. One of the primary advantages is the favorable tax environment. Panama boasts territorial taxation, meaning that any income earned outside of Panama is not subject to local taxes. This allows businesses to maximize profits by reducing their overall tax liability. Additionally, the country has a network of free trade agreements, which can help facilitate international trade while minimizing duties and tariffs.

Another significant benefit is the ease of conducting business due to the modern infrastructure and supportive legal framework in Panama. The country is renowned for its world-class banking system, with numerous international banks operating locally, providing robust financial services and quick access to funds. Moreover, Panama offers efficient company formation processes and legal structures that are conducive to setting up and managing a business remotely. This combination of financial and logistical support makes Panama an attractive base for managing a US business, allowing entrepreneurs to focus on growth and innovation without being bogged down by administrative hurdles.

Pros

  • Panama offers tax incentives for businesses to establish operations, potentially reducing overall financial burden. Strategic geographic location in Panama provides easy access to both North and South American markets. Strong economy and growing consumer base in Panama present ample business opportunities for growth and expansion.

Cons

  • High import fees may increase costs
  • Language barrier may hinder communication
  • Limited market size compared to US

Step 2: How to start your US business from Panama

Starting a US business from Panama involves a series of steps that can be managed efficiently with the right resources and planning. The first step is to choose a business structure, such as a corporation, limited liability company (LLC), or partnership. Each structure has its own advantages and requirements, so it's crucial to select one that aligns with your business goals and operational needs. Once the structure is chosen, you will need to register your business with the appropriate state authorities in the US, often completed through the Secretary of State's office for the state in which you plan to incorporate.

Next, you need to apply for an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). This number is essential for tax purposes and for opening a US bank account. It's also important to understand the US tax obligations that come with running a business, including federal, state, and local taxes. Additionally, you may want to consult with legal and financial experts who specialize in international business to navigate regulatory requirements and ensure compliance. With careful planning and the right support, starting a US business from Panama can be a smooth and successful 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 Panama—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 Panama 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. Panama 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 Panama

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Understanding Compliance Requirements for Running a US Business in Panama

Expanding a US business into Panama presents a plethora of opportunities, but it is essential to understand the compliance requirements to operate smoothly. Here are some key considerations:

Legal Framework

Panama has its own legal system, influenced by continental law, which can vary significantly from that of the United States. It is crucial to consult with local legal experts to ensure full compliance with Panamanian laws. Important areas to consider include:

  • Business Registration: Businesses must be registered with the Panamanian Public Registry, and it's recommended to engage a local lawyer to assist with this process.
  • Licensing: Depending on the nature of your business, various licenses may be required. The Ministry of Commerce and Industries (MICI) issues many of these licenses.

Taxation

Understanding the taxation system in Panama is crucial for financial planning and compliance:

  • Corporate Tax: Panama operates a territorial tax system, meaning taxes are only levied on income generated within Panama. The corporate tax rate is typically 25%.
  • Value Added Tax (VAT): Known locally as ITBMS, this tax is applied to the sale of goods and services at a rate of 7%.
  • Transfer Pricing: Regulations exist to ensure that transactions between related entities are conducted at arm's length prices, similar to US IRS standards.

Employment Law

Hiring employees in Panama comes with specific legal obligations:

  • Labor Code: The Panamanian Labor Code dictates employee rights and employer responsibilities, including minimum wage, working hours, and termination procedures.
  • Social Security: Employers must contribute to the Social Security Fund (CSS) for their employees, which covers healthcare, pensions, and other social benefits.

Foreign Investment

Panama welcomes foreign investment, but there are regulations to consider:

  • Investment Incentives: Panama offers various incentives for foreign investors, including tax exemptions and special economic zones such as the Panama Pacifico Special Economic Area and the Colon Free Trade Zone.
  • Restrictions: Certain sectors, such as retail trade, are restricted for foreign nationals. It’s important to verify if your business activity falls under any restricted categories.

Environmental Regulations

Panama has stringent environmental laws to protect its rich biodiversity:

  • Environmental Impact Assessments (EIA): Depending on the business activity, an EIA may be required before commencing operations to ensure compliance with environmental protection standards.

Successfully navigating these requirements will facilitate a smooth transition and pave the way for business success in Panama.

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 Panama

Understanding Tax Obligations for Running a US Business in Panama

Running a US business in Panama can be a rewarding venture, but it’s essential to understand the tax obligations that come with it. Here are several key considerations for navigating the tax landscape in Panama:

1. Corporate Income Tax

Panama operates under a territorial tax system, which means that only income generated within Panama is subject to Panamanian tax. The corporate income tax rate is generally 25%. However, businesses must also take into account any applicable tax treaties between Panama and the US, which may affect their tax liabilities.

2. VAT (Value-Added Tax)

Known locally as ITBMS (Impuesto de Transferencia de Bienes Corporales Muebles y la Prestación de Servicios), Panama imposes a 7% VAT on most goods and services. Certain items, such as medications, food products, and exports, may be exempt or subject to lower rates.

3. Personal Income Tax

For expatriates operating or working for a US business in Panama, personal income tax should also be considered. Residents are taxed on Panamanian-sourced income, with rates ranging from 0% to 25%, depending on income brackets. Non-residents are subject to a flat 12.5% tax on gross income from Panamanian sources.

4. Social Security Contributions

If you are employing staff, you need to account for social security contributions. Employers contribute 12.25%, while employees contribute 9.75% of their salary. These contributions fund public health services and pensions.

5. Withholding Taxes

Panama imposes withholding taxes on various types of payments to non-residents, such as dividends, interest, and royalties. Typically, these rates range from 10% to 15%. However, treaties may provide reduced rates or exemptions.

6. Tax Compliance and Reporting

Entities must maintain proper financial records and submit annual tax returns. Detailed financial statements may be required, and it is critical to stay abreast of local tax filing deadlines to avoid penalties and interest for late payments.

7. Foreign Account Tax Compliance Act (FATCA)

US businesses in Panama must comply with FATCA regulations, which require reporting of foreign financial accounts and assets to the IRS. Non-compliance can result in significant penalties.

Understanding these considerations can help ensure that your US business remains compliant with both Panamanian and US tax regulations, ultimately allowing you to operate smoothly and efficiently in Panama.

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.

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

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.@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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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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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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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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We use @doolahq at @SyndicateDAO

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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.

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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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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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We use @doolahq at @SyndicateDAO

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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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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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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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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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💥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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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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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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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!

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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.

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

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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

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!

Still have a question?

Schedule a free consultation with an expert from doola, today.

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