Frequently Asked Questions

Setting Up Your US Company

General

• What is a LLC?
• What is a INC?
• LLC vs INC
• Advantages of an LLC
• Advantages of an INC
• Why is an S-Corp not suitable for foreign owners?
• Can a Non-US Resident own a LLC or an INC?
• Do I need a US address to incorporate a business?
• Do I need to travel to the USA to form a LLC or an INC?
• Can I create a US branch of my foreign company?
• How long does it take to get incorporated?

Accounting

• Do I need to keep accounts for my Sole Proprietorship LLC?
• What accounting documents should I keep for my Sole Proprietorship LLC?

Asset Protection

• How does incorporating a LLC or INC protect the assets of the owner?
• Protecting your assets
• Can you provide 100% shareholder asset guarantee protection?

Business Bank Account Opening

• Options for Non-Residents
• Documents Required
• Restricted Countries
• Restricted Industries

Delaware

• Why incorporate in Delaware?
• Protections under Delaware law
• What is the Delaware Court of Chancery?

EIN Number (Business Tax Identification Number)

• What is an EIN?
• What is an EIN used for?
• How to apply for an EIN

Formation Documentation

• What is a Certificate of Formation?
• What is a Certificate of Incorporation?
• What is an Operating Agreement?
• What are Corporate Bylaws?
• Will I receive the originals of my formation documentation?

Immigration

• Can I work in the USA if I own a LLC or INC?
• Aside from a B1 visa what are my options if I want to stay longer in the USA?

Mailing & Virtual Office Address Service

• What is a virtual office address?
• Do I need a virtual office address?
• How does a virtual office address work?
• Where can I have a virtual office address?

Naming Your Company

• Restrictions on naming your company
• Purpose of a Name Availability Check
• What information can be searched?
• How to search the register yourself
• Why we provide a free professional name search with your package

Payment Processing (Accepting Credit & Debit Cards)

• How do I accept credit debit and credit cards?
• Will PayPal work with my US Bank Account?

Registered Agents

• What is a Registered Agent?
• What are the requirements for a Delaware Registered Agent?
• What is not allowed?
• How much does it cost to renew the Registered Agent?
• How do I change my Registered Agent?

Taxation

• How are LLCs taxed?
• How are C-Corporations taxed?
• What is an EIN number?
• Do foreign-owned sole proprietorship LLCs have to pay US federal taxes?
• What does the term ‘disregarded entity’ mean?
• Tax-free income for a USA sole proprietorship LLC (Non-ETOB)
• What is FDAP income?
• What is a Dependent Agent?
• What are the Federal Tax Compliances for a  USA sole proprietorship foreign-owned LLC?

US Virtual Phone & Fax Numbers

• What is a virtual US phone number?
• In what States can I have a virtual US phone or fax number?
• How will I receive my phone calls?
• How will I receive my faxes?
• How can I make phone calls?
• How can I send faxes?
• What are the ongoing fees and call rates?