Company
registration
in US

If you’re planning to start a business in America, it’s important to understand all legal and tax aspects of the process. Our team can help you establish a business in the USA remotely.

Benefits of USA business with Finevolution

• Full company registration within agreed timeframes
• Assistance with opening a bank account
• Post-registration maintenance
• Accounting & legal support

Choosing the best state for USA business registration

Selecting a state depends on several factors: What will your business do? What structure is planned? Which tax regime best suits your operations? Does your company need a license? Based on our experience, 90% of IT companies’ registrations opt for Delaware or Wyoming, with a smaller portion choosing Florida. Delaware & Wyoming are popular due to favorable tax conditions and business-friendly policies. Wyoming offers 0% corporate rate, while Delaware’s – 8.7%. However, avoid choosing a state solely based on tax rates, as this can be misleading.

Note: Consult a tax expert before setting up your USA company to avoid tax pitfalls & penalties!

Types of USA Business Registration

When starting business or acquiring an existing one, choosing right structure is essential. Your best options are:

• LLC (Limited Liability Company): This format is popular among entrepreneurs, especially non-U.S. citizens, due to limited owner liability, flexible taxation, and simplified management. Profits from an LLC are not taxed at the corporate level but passed to owners, who pay personal income tax. This protects personal assets in case of legal claims, although there are limits on the number of owners & some activities (e.g., financial or insurance services).
• C-Corporation: Ideal for larger companies or those seeking growth and investment. C-Corp can issue shares to raise capital, has unlimited existence, protects shareholders’ personal assets. The downside is double taxation: profits are taxed at the corporate level, then dividends are taxed again when distributed to shareholders.

Both structures have their benefits & drawbacks, so the choice depends on your specific business needs and plans.

Steps to business registration in United States

• Initial consultation with Finevolution experts to determine state and business structure
• Approve business name and provide documents of the founders
• Prepare documents (Articles of Organization, Operating Agreement, Minutes of the organizational meeting) and proceed with setting up the business
• Obtain an Employer Identification Number (EIN)
• Open a bank account or set up a payment institution account
• Arrange for legal address for one year
• Get an Individual Taxpayer Identification Number (ITIN) if needed

Timeline for USA company registration

Timelines vary by state. In Wyoming, it takes 3-4 weeks, with an additional month for EIN after setup. Delaware setup takes about 35 BD, plus week for document preparation and filing. An EIN can be expedited to 15-20 BD for an extra $100.

Bank account or payment system for USA businesses

Payoneer account offers a convenient alternative for entrepreneurs outside the USA. If you’re abroad and plan to set up a business in America, consider using payment system account. Payoneer supports USD, EUR, GBP, JPY, CAD, AUD, and MXN, with account holders receiving a physical debit card. The setup process takes 2-4 weeks.

Accounting support for USA companies

Managing your own accounting in United States is possible, but it requires thorough knowledge of tax specifics at different levels and ability to file returns and reports. Based on our 7 years of experience, none of our clients have had the time or expertise to handle tax reporting on their own.

Important: We recommend finding a certified accountant (CPA) in United States at the time of setup to handle your business’s accounting needs. We can provide contacts for local partners if needed.

Reporting and tax filing for USA companies

All American LLCs and C/S Corps must file tax returns or zero tax returns (Income Tax Return) to both state authorities and the IRS, regardless of whether business activities took place. Additionally, once every five years (next reporting in 2028), companies must submit a BE-12 report. Starting in 2024, USA entrepreneurs must also file a BOI report (available on the Ukrainian representative’s site).

Our team is ready to provide consultation, prepare necessary documents, set up your company in the USA. Our working hours are 9:00-19:00 from Monday to Friday. Send a request through the form below or a message on Telegram/Viber, Whatsapp for consultations.