
Why you need an updated ITIN
December 6, 2024Registering a Company in the US: A Step-by-Step Guide
- Choosing the business structure: Decide what type of business entity best fits your needs, such as:
- Limited Liability Company (LLC)
- Corporation (Inc.)
- Sole Proprietorship
- Partnership
- Limited Partnership
- Choosing a name for your company: Check to make sure the name is not registered by another company in the state where you plan to operate. You can use the U.S. Small Business Administration (SBA) search engine or contact the Secretary of State in the relevant state.
- Obtaining an Employer Identification Number (EIN)An EIN is a unique nine-digit number assigned by the IRS. It is required to hire employees, open a bank account, and conduct other business transactions.
- Obtaining licenses and permits: Depending on the state and type of business, you may need to obtain additional licenses and permits, such as a business license or a health license.
- State registration: Register your business in the state where you plan to operate. The process and requirements may vary by state.
- Federal Registration: Register your business with the SBA (Small Business Administration) and obtain a business identification number.
- Obtaining a Certificate of Incorporation: This document is necessary to prove the existence of your company and may be required by banks, suppliers and others.
- Obtain an operating contract or shareholders agreement: This document describes the responsibilities and obligations of the partners and may be required by the tax authority.
- Obtain stock certificates:If your company issues stock, you must obtain certificates to prove ownership of the stock.
- Obtaining patent certificates:If your company has patents, you must obtain certificates to prove ownership of the patents.
- Register your business locally: Register your business with the relevant town hall or local authority.
Additional requirements for foreigners
- E-2 Visa: If you have an E-2 visa, you can register a company in the U.S. as a foreign investor.
- E-1 Visa: If you have an E-1 visa, you can register a company in the U.S. to import or export products.
- Authorized Agent: If you reside abroad, you must hire the services of an authorized agent to receive legal and tax documents on behalf of the company.
Important Reminders
- Check state-specific and business-type requirements.
- Make sure you meet deadlines and deadlines for filing documents and paying taxes.
- Consult a business law attorney for personalized advice.
It is important to note that requirements may vary by state and type of business, so it is advisable to consult with a business law attorney for personalized advice.