Incorporating a company in the US will give your company a global business advantage!
For Indian businesses that are seeking expansion or having a non-resident Indian consumer demand, stand a great opportunity to reap the many benefits of USA company registration, one of the most popular ways of starting a business.
Setting up a US company for your business is now easier than ever as the United States of America harbouring a multicultural population has a large number of English talking populace and is largely open to foreign businesses owing to its diversity. Dominant as the world’s top superpower with an economy that is fourteen times larger than India, it provides one of the most accommodating turfs for Indian businesses to easily flourish.
Therefore, as a non-resident pursuing US Incorporation, one is required to follow all the regular US business protocols just like a resident, with just a few additional steps.
As business laws and regulations are well-formed and corporate income tax rates are really low, it is extremely favourable for foreign businesses to efficiently thrive.
However, every state in the US is governed by its state laws and regulations which vastly differs from one another. If your business is largely dependent on one particular state and its demand for your services, it is wise to Incorporate your business thereby acquiring a Foreign Qualification Certificate. Nevertheless, Delaware, Wyoming and Nevada, in particular, provide the most complimenting business and taxation laws which makes it mainstream for companies to incorporate. In particular, Delaware is said to have no state sales tax and the state’s franchise tax for small US businesses is very meagre. Additionally, there is no need for non-residents to pay separate corporate income tax in Delaware.
There are chiefly two main categories of incorporation such as LLC and C-Corporation for Indian businesses to choose from. However, LLC is most commonly chosen because of its ease towards single taxation and because of its adaptability. On the other hand, budding entrepreneurs wanting to appeal to venture capitalists and angel investors to raise funds, they must incorporate as a C-Corp and not an LLC. Also, if the company is planning to go public, C-corp would be the ideal choice to make.
Limited Liability Corporation is an easy choice for many businesses as it offers extensive growth possibilities, poses very little risk, has no shareholders limit and gives increased credibility for the business incorporated. Moreover, when a company is incorporated under an LLC, taxes need not be paid on the trade profits at the legal entity stage. Rather, the taxes from the company’s profits is filed on the proprietors’ tax returns.
C corporation is advantageous to foreign businesses majorly because of the multiple tax planning opportunities and the free transferability of shares it offers. Additionally, it also gives legal protection and has no limits on the number of shareholders or the number of owners. Although in C corporation, the profits are always taxed at the legal entity level. For example, if the profits and the resources of the business are split among the stakeholders as a bonus then the stakeholders are entitled to pay their corporate income tax dues on the profits thus creating a double taxation scenario.
Following are the documents that must be submitted in any of the languages Dutch, English, German or French:
|The owners are the members||The owners here are the Shareholders|
|Appropriate for small-scale businesses with limited shareholders||Apt for middle-size to substantially sizeable businesses with many shareholders|
|Members can set up the structure as they choose and manage||Shareholders elect directors who manage business movements|
|Members are not held liable in an LLC||Shareholders are not held liable in a C corp|
|Depending on the limitations of the operating agreement, transferability is planned||Here the stock of shares can be transferred easily|
|In general, stakeholders from outside don’t prefer an LLC because they are structured to operate as partnerships mostly||Foreign investors prefer C corp because they contain stocks, which is distributed among the shareholders|
At Vakilsearch, we can deliver all your documentation requirements in just four working days. And if you're not totally satisfied, we'll take another couple of days to work on the modifications you need. All at the lowest price, both online and offline.
We make your interaction with government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.
Our team of experienced business advisors are a phone call away, should you have any queries about the process. But we'll try to ensure that your doubts are cleared before they even arise.
“I never thought getting my company incorporated in the US would be so easy. Every single phase of the registration went well. My documents were collected personally by the Vakilsearch team. All correspondences and responses were prompt. Will definitely use their services again in the future. Great job, team.”
“Extremely pleased by the services offered at Vakilsearch. Would like to thank you for all the hard work your team put into Incorporating my company in Delaware within the stipulated time promised. I will definitely come back for more. Strongly recommend Vakilsearch. ”
“Absolutely worth every penny I spent. Vakilsearch has delivered maximum quality with absolute professionalism. I got all my paperwork done on-time and I will definitely recommend Vakilsearch’s incorporation services to anyone. Very happy by the service provided. All the best team!”
“Thank you Vakilsearch for making our dreams come true. Incorporating our company in the US was a dream and the execution of the same was done very well. Your team made every step of the incorporation process simple and easy. I am a very happy customer and will be recommending your name to my business friends. Will surely be availing your services soon. ”
“Thank you for providing stellar services for US incorporation. I am thoroughly impressed by the services and the way it was offered by your firm. Extremely courteous staff who were responsive at all times. Most importantly the services were offered at an affordable cost without any compromise on quality. Please continue your good work Vakilsearch.”
Trusted by 400,000 clients and counting, including …