How to Start a Business in the USA

Setting up a company in the United States is quite simple, even if you don’t have a visa or aren’t planning to visit right away. You can run a Limited Liability Company (LLC) from another country, but there might be some restrictions in the US without a valid work visa.

If you’re not a citizen, you can still be a shareholder or director of a US company. However, if you want to have an official position and perform duties in the country, having a visa is usually necessary. Interestingly, you don’t need to be a citizen or resident to open a small business in the United States.

While the specifics may vary based on individual circumstances, the following are the general steps to register a US company:

Choose the Right Business Structure:

• Determine the most suitable business organization for your needs.
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Select the State for LLC Formation:

• Decide in which state you want to establish your Limited Liability Company (LLC).
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Secure a Local Registered Agent:

• Find a registered agent in your chosen state to handle official correspondence.
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Register Your LLC or S-Corporation:

• If applicable, complete the necessary registration process for your LLC or S-corporation.
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Apply for an EIN:

• Obtain an Employer Identification Number (EIN) for tax purposes.

Establish a US Mailing Address:

• If required, set up a US mailing address for official communications.

Open a US Bank Account:

• Open a business bank account in the United States.

Set Up a Merchant Account:

• Create a merchant account to facilitate customer payments.

Acquire Business Insurance:

• Purchase insurance coverage for your business.

Secure a Local US Phone Number:

• Obtain a local US phone number for your business.

Understand Tax Obligations:

• Research and comprehend your tax liabilities.

Maintain Separate Business and Personal Accounts:

• Ensure clear separation between your business and personal financial accounts.

Pay Annual and Required Fees:

• Fulfill annual and any other mandatory fees associated with your business.

Ensure Regulatory Compliance:

• Confirm compliance with local, county, state, and federal regulations.

Seek Legal Advice:

• Consult with a licensed US business lawyer, particularly one familiar with the laws in the state where your business operates.

Should I Get a Separate Business Bank Account?

Yes, it’s a good idea! Having separate bank accounts for your personal stuff and your business is not just a suggestion – in some places, it’s a rule. In the USA, when you register a company, they often expect you to have a business bank account, depending on what kind of company you’re starting.

For business owners, keeping personal and business money separate is super important, especially if you’re running a small business. Why? Well, it helps you keep a close eye on where your money is going. This info is like a report card for your business’s financial health, helping you make smart decisions for the future.

And here’s a bonus – separate bank accounts can actually save you money on taxes! So, if you’re looking to run a tight ship with your finances, getting a dedicated business bank account is a smart move.