If you’ve ever thought about doing business abroad, you’ve probably already considered this destination. Many people are looking for how to start a business in the US because it is the country with the largest economy in the world.
However, fear of bureaucracy or lack of knowledge of the process end up discouraging some people.
Let’s see in this article that the process of Company Registration in USA can be less bureaucratic than you think, with the possibility of being done online, without having to travel there. Check out all the steps and possibilities!
What are the advantages of starting a company in the US?
Opening a company in the US means moving financial capital in one of the most valued currencies in the financial market and being able to trade with investors in a heated economic scenario.
We highlight below three advantages that can make people look for how to start a company in the US with benefits that go beyond entrepreneurship and business expansion.
Greater credibility
The own company, franchise or branch that has a unit in the USA tends to have greater credibility and is seen with different eyes. Having this address abroad can help leverage your brand and stabilize your business.
Greater access to favorable legislation and migratory advantages
One of the strengths of starting a business in the US is legislation. Entrepreneurs often highlight as an advantage the relationship with US finance, more favorable labor laws and less bureaucratic taxation, which can help facilitate the management of the company.
How does starting a business in the US work?
It is possible to open a business in the US via email and fax, without having to travel abroad.
However, the most recommended is to count on the help of a specialized consultancy in supporting entrepreneurs who wish to open a business abroad, as this is a different legislation.
In general, the opening deadline is very fast, taking an average of 7 to 20 days at most.
Sole Ownership (SP)
A company open in the Sole Proprietorship modality represents a company that has a single owner and no partners.
In this modality, there is no clear separation between owner and business, with the owner of the company being responsible for all obligations, including assets, without the possibility of existing limitations. You must apply for ITIN first.
General Partnerships (GP)
As the name suggests, it is the modality that allows the inclusion of partners. In this type of company, ownership can be shared, with division of financial support and responsibilities.
In addition to General Partnerships, there are also other types of partnerships, such as limited partnership and Joint Ventures.
In the limited partnership, there is a defined percentage division between the partners, which reflects on the voting power and decisions of each part of the business. In Joint Ventures, the partnership is general, but for a specific period of time or on a specific project.
Corporations
In this type of company, potential shareholders invest resources such as the company’s share capital, but do not determine the percentage of shares for each investor. In this model, profit is distributed among shareholders after a period of one year.
Limited Liability Companies (LLC)
Another type of modality is the Limited Liability Company (LLC), a form of privately held organization, in which the members of the business also have limited liability to the amount not paid on the shares held by the members.
