Being a Non-Resident USA, Can I start business or form a company in USA ?
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Category : > Corporation
Posted On : Sat Jan 30th,2010
Being a Non-Resident USA, Can I start business or form a company in USA? To establish a company in USA it is not required to be neither a resident nor citizen to form company in USA. Non-USA Resident has to follow the following guidelines.
They are required to have a physical address
Any legal person can be a registered agent of entity.
PO Box is not acceptable
To maintain company which are required to file yearly annual report
To keep that company in a good standing it is required to file State Taxes if applicable, Federal Taxes
Being a Non-Resident USA, it will only be liable for State and federal taxes and it may not be required to pay USA Social Security and Medicare Taxes
They can either form a C-Corporation or an LLC but not an S-Corporation, because to form an s-corporation they have to be a resident or a citizen
But the C-Corporation can be converted any time to an S-Corporation once the individual get the status mean become a permanent resident of USA
There is no restriction to hire employees under their entity
Non-resident USA can open a foreign entity of their existing oversees company to conduct business in USA, or if they have the same members or shareholders then they can open a separate entity.It will serve the same purpose
To create a foreign entity of existing oversees company they have to obtain certificate of good standing/certificate of existence or certificate of status that the company is legally registered
To create a foreign entity, existing company has to be in a good standing to execute a business.
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