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Ready to form a company in 50 states
For US non-residents, the requirements for setting up a company are the same as the residents, with some additional requirements. Furthermore, several problems of non-residents are also presented such as laws of the state where the clients incorporate their companies at; open US corporate bank accounts, and international laws. Lastly, it is essential for clients to understand the difference between US business entity types.
With many types of the business structure in the USA, One IBC® will explain clearly about 2 of the most popular company types for registering business in the U.S.
Limited Liability Company, also known as LLC or L.L.C, is one of many common chosen types of business structure among domestic and foreign business owners. LLCs are popular since they offer liability protection like corporations but are easier to set up and manage.
The term “Corporation” refers to a legal and separate entity from its owner, in addition to limited liability which means the company’s shareholders are not individually liable for the company’s debts, and the profits they receive come in the form of dividends and stock appreciation. Any individuals and/or other entities can own a corporation and the ownership process is easily transferable via the trading of stock.
Corporation is categorized into either C-Corp or S-Corp which each has its own advantages for the business owners. Between these two, C-Corp is the more common corporation choice for business owners.
Although they have some differences and advantages of types of business structure for company formation in the U.S, the ongoing requirements of both are the same. Almost all states require the annual report, franchise tax and Employee Tax Identification (EIN) for completing the responsibility of business to the state government.
Thank you for your continued support of One IBC®. Your pleasure is indeed valuable to us, and we hope that we have succeeded in offering exceptional corporate services to all of our clients.
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