U.S. Company Registration

Advantages of U.S. Company Registration

Enhancement of corporate image

Enhancing confidence in international cooperation and helping to create international brands

Reasonable tax savings

Utilize tax incentives to reduce financial and tax burdens.

Promotion of international trade

Bypassing tariff barriers saves time and costs and increases trade value

Advantages of cross-border e-commerce

Enjoy platform policy care to improve sales and business efficiency

Intellectual Property Protection

Relying on strict laws to protect the company's intellectual property.

Financing facilitation

As one of the global financial centers, it is easy to access financing and investment.

Types of U.S. Company Registrations

1, sole proprietorship Sole Proprietorship, limited to U.S. residents registered, shareholders need to bear unlimited legal liability.

2、Corporations, divided into S-Corporations and C-Corporations, of which S-Corporations are only for U.S. tax residents, and C-Corporations have become the main type of companies chosen by Chinese investors. C-Corporation is the main type of company chosen by Chinese investors. It is convenient to go public or get angel investment or startup fund in the future.

3, PartnershipsPartnerships , mainly common in lawyers, doctors, accountants, architects and other professionals apply.

4. Limited Liability Company; LLC combines the elements of a joint stock company and a partnership. Like a stock corporation, an LLC has the advantage of limited liability for its owners. Also like a partnership, an LLC is a pass-through tax entity, with no double taxation on income.

5、Nonprofit organizationnongovernmental organization.(NGO)：Nonprofit organizations do not aim to make money, but mainly for personal considerations or to support the public interest.

The most common types of incorporation for overseas investors are C corporations and LLCs, which have a few advantages over LLCs:

① There is no term of operation, as opposed to an LLC, which is dissolved when a member dies or goes through bankruptcy.

② If a company has plans to go public, raise capital, or invest, a C-type stock company is the best choice.

③ A C corporation can distribute shares to its employees, such as preferential subscription rights or stock dividends, and an LLC does not have shares.

U.S. Company Registration Requirements

The following conditions are required to register a U.S. corporation:

1. Eligibility: One or more company directors and shareholders (natural or legal persons with no nationality restriction) are required to provide valid identification documents.

2. Name Selection: The name of the company should be registered without duplicates, usually with suffixes such as CORP, LTD, INC or LLC. It is recommended to submit more than one alternative name to prevent delays. The company name can be reserved for six months.

3. Registered capital: The registered capital requirement varies from state to state, and is generally US$50,000, with no capital verification required. It is necessary to specify the amount of stock to be issued at the time of incorporation, and the initial issuance is usually 3,000-50,000 shares, which can be increased at any time in the future.

4. Share allocation: specify the proportion of shares for each shareholder.

5. Registered address: need to have a local registered address in the United States (secretarial companies can provide registered address).

U.S. Company Registration Process

Government registration fees: The Government of the Hong Kong Special Administrative Region (HKSAR) prescribes a number of necessary registrar's fees, which include the Registrar of Companies' Fee and the Business Registration Fee. The Registrar's fee is usually paid in a lump sum, while the Hong Kong annual filing fee is payable when a company makes its annual filing.

The U.S. incorporation process is roughly as follows:

1、Company name search: submit the most satisfactory name, preferably a few more options

2. Signing of the agreement and delivery of the deposit: signing of the letter of agreement in accordance with the conditions negotiated between the two parties

3. Production of statutory documents: production of a full set of documents, submission of power of attorney and signing of agreements

4. Signing of statutory documents: Arranging for all shareholders and directors to sign a full set of documents

5、Government approval process: the whole process of following up the government for the relevant procedures

6. Completion of company establishment: company information can be sent directly to the designated location).

Note: The registration situation in different states of the U.S. is slightly different, the details and differences can be clicked to consult our professional consultants.

U.S. Company Incorporation Time

Processing time: about 20 working days, (sometimes due to the delivery of documents and specific issues on the back and forth may be delayed, but generally do not occur this problem) the United States registered in different states is slightly different, the time required varies)

U.S. Company Registration Fees

The cost of incorporating a company in the United States depends on the state, there are 50 states in the United States, we can be registered, for more information, please call us or click on the online consultation.

U.S. Corporate Taxation

Franchise Tax is a state tax that has nothing to do with a company's profitability. Most states have included it as part of their annual audit fee, while a few require additional payment and filing of a tax return. For example, California corporations are required to pay a minimum of 800 per year, and New York 25. Failure to pay on time may result in the cancellation or freezing of the corporation, which may affect business operations.

Corporation Income Tax (CIT) is paid to the federal and state governments based on a corporation's net income and is usually filed in March or April. It is paid when profits are made, but not when they are not, and does not affect the survival of the corporation. Companies may choose to file zero tax returns to keep records. Earnings taxes are paid primarily to the federal government, and rates may be adjusted annually. Net income is gross profit minus costs, which is taxed proportionately.

U.S. Federal Taxation: U.S. Federal Corporate Income Tax, based on a progressive tax rate system: 15%-35%

Gross profit 0-50,000: 15%

Gross profit 50,000-75,000: 25%

Gross profit 75,000-10,000,000: 34%

Gross profit over $10,000,000: 35%

U.S. Company Annual Review and Follow-up Services

U.S. company annual audit requirements: U.S. companies are required to conduct annual audits starting in the second year, and the cost of the second year is different for companies registered in different states.

Follow-up services: Provide secretarial services such as office address at the registered location, annual audit processing, zero tax filing (in some states), and governmental correspondence processing.

U.S. Company Related Services

Offshore Company Account Opening

Tailor-made account opening program to meet the diversified needs of the whole guide to the preparation of information to improve the success rate of account opening

Hong Kong Company Tax Returns

Provide one-stop US company tax solutions and tax consulting services to help enterprises reasonably avoid tax risks and optimize tax structure.

U.S. Corporate Tax Returns

Provide professional tax preparation services with different tax policies in different states of the US

Annual Audit of U.S. Companies

Including confirmation and update of company name, registered address, list of shareholders and directors, business scope and other information