If you're abroad and want your company to invoice in the United States, you might be wondering what you need to open a non-resident LLC . The advantages of a limited liability company are numerous, including the ease of setting one up even from outside the country.
Hispanic Entrepreneurs explains in this article what the requirements are and other aspects to consider when creating your LLC in the USA.
Reasons for creating an LLC in the United States include boosting your reputation. As one of the world's strongest economies, having a business there inspires confidence.
In this sense, it will also be possible to get more customers by being able to bill in the United States.
On the other hand, the process to create the company is simple and you can do it from the outside. Regarding the requirements, they are not complicated either, you need to be of legal age, have a name for the company and write the articles of incorporation.
However, it's important to remember that each state has its own rules. Therefore, if you're going to register an LLC, you should check the requirements in the state where you plan to do so.
Why open an LLC in the USA as a foreigner?
Aside from the benefits we mentioned earlier, let's talk about other reasons to create an LLC from abroad.
There are entrepreneurs who do it for tax benefits. In this sense, not all LLCs are automatically taxed. In addition, it is the owners - and not the business - who report the profits on their tax returns.
There are also those who do it because they want to open a branch in the United States; to open a business bank account, or receive capital from US investors.
Before starting the process to open the limited liability company, choose in which state you will do it. As we explained before, each one has its requirements and -even- you can obtain additional benefits.
What are the best states to open an LLC?
The tax requirements and obligations in all states are similar. They have some differences that you should evaluate, but in general there are no big changes. However, there are some factors to pay attention to in order to choose the one that is best for you.
The first of these is the cost of incorporation, as in some places it is more expensive than in others. It also evaluates the regulations for business.
There are cases where the owner wants to create an anonymous LLC . Four states allow this: Delaware, New Mexico, Nevada, and Wyoming.
While if your goal is to open a branch or hire workers in the USA, make the record where they will be.
What do I need to open an LLC for non-residents?
When creating a business in the United States, LLCs are the structure that owners choose most often. This is thanks to the benefits and the ease with which it can be done.
It's possible to open an LLC from abroad without having to travel, as the process can be completed online. You also don't need to have partners in the United States; your company can be a one-person operation.
On the other hand, the owner can take care of all the work of the business; In other words, you do not have the obligation to hire employees or have an office.
Contact us if you need advice to open your company in the United States.
If you've been wondering what I need to do to open a non-resident LLC, here are the steps to take.
- Start by choosing the state where you will register.
- Choose the name of the company and verify that it is available in the state.
- Hire a registered agent. This can help you with the process, and will also be the one who receives the official business documents in the United States. It will also help you in other processes, such as obtaining the EIN.
- Identify the people, natural or legal, that are involved in the LLC.
- Obtain an Employer Identification Number (EIN). You will need this number to open a business bank account.
After creating the LLC you can open a business account. For this you have several options: first, travel to the United States and do it in person. Second, through fintechs like Payoneer that allow non-resident owners to open accounts.
Finally, you can do it without traveling, authorizing a representative to go to the bank branch.
Responsibilities as owner
As an LLC owner, you have to meet your obligations to keep your business running.
You must have a permanently registered agent. Also, you have to submit an annual report every year.
Check if your business is subject to the payment of taxes in the United States. And if so, you need to pay it in a timely manner. Get advice from an accountant who is familiar with tax obligations in the United States.
Do you have more questions about what I need to open an LLC for non-residents? Contact us and we will provide you with advice to open your business.
