Starting a new business or starting an existing business in
a new country is an exciting venture, but it can also be a drastic path. The
complexity of Business
Registration in a foreign country can be overwhelming. With the
constant changes in the political and economic environment in the US, you can
be uncertain if you are going to expand your business now.
The good news is that the steps to get involved in the
business as a non-citizen are quite simple, and there are plenty of resources
available to help you along the way. Our guides will help you break down the
complexities of opening your US Company and we will also help you as an
advisor. Read continue to learn how to Register
Firm Internationally.
Below you will find out what kind of corporate firm you
can open as a non-resident in the US.
There are two types of corporate
bodies that non-citizens can open in the US
Limited Liability Company (LLC)
Corporation (C-Corp)
An additional option is
S-Corporation, which is often recommended for international level business.
However, it is quite attractive and it is important to note that they are
exclusive to citizens and permanent residents. While foreigners are often
recommended to form a C-Corp, inclusion as an LLC has some distinct advantages.
The most obvious of these is a
limited liability — meaning members are protected from personal liability for
business decisions or actions, and personal property is protected if the company
takes out a loan or sues. LLCs are also free from the strict recordkeeping
required for C and S-Corps and there is almost no restriction on profit sharing
between members.
That being said, many new businesses mostly choose the
C-Corp business structure. The advantages of such a formation are significant,
with the most frequently cited reason being the ability to expand by offering
unlimited stocks: a feature that is often attractive to investors. Foreign
owners also get consolation in the C-Corporation structure for its ability to
protect them from close I.R.S. involvement. That shield, of course, comes with
a double tax price — but that financial loss is often avoided through careful
tax planning, which can be structured to repeal most double taxation.
Where can you get help and advice?
Aggasso is a great resource and premier advisor for more
comprehensive information about opening a business. From our expert team, you
will get a simple way to register the firm internationally. If you are still
looking for a Firm
Registration Company, then check out our official site. It is an
approved platform for firm registration by the central government.
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