Setup Company in USA, UK, and all over the globe

Setup Business outside India

Overview

Being a part of world's largest economy i.e. United States of America is a matter of self -prestige. Apart from being a developed nation and a super power, it has prospective business relationships with other countries because of its growing economy and vast scope in enhancing capital investments. USA itself encourages foreign nationals to setup their business in the country.The most preferred states for registering business in USA are Nevada, Delaware and Wyoming.

Benefits of setting up in United States

Quick and simple registration process
Lesser compliances
Easy bank operations
Reputable jurisdiction
Dividends paid to US companies are generally exempt
Massive infrastructure improvement
Lowest corporate tax

Types of entities in United States

Limited Liability Corporation (LLC)

USA provides setting up an LLC with only 1 shareholder who is the manager without any minimum capital contribution
LLC is a very simple and flexible structure with minimal compliances and there is no restriction on the type of business activity it undertakes
This entity is governed by operating agreement and prior to incorporation it is required to appoint one shareholder and one director, have a registered office, open a bank account and appoint a registered agent in the state of incorporation

S-Corporation

USA provides setting up a S-Corp, where the owners intend to make an election such that company does not suffer federal corporation tax
It eliminates the double taxation on corporates income as well as shareholders income
Such entity cannot have more than 100 shareholders and all must mandatorily be US citizens or residents

C-Corporation

USA provides setting up a C-Corp, where an intention to raise public funds arises
Such company pay taxes at corporate level and then again the shareholders are required to pay taxes on the dividend income, however the shareholders need not be residents
Such company is opted to receive public or venture funding

Branch Office

A branch office can be setup in USA by a foreign entity as its extension and it is allowed to invoice its customers, conduct business and sign local contracts in any sector
It does not enjoy the benefit of a separate legal entity and the parent company is held responsible for its liabilities

Representative Office

A representative office can be setup by a foreign company to assess and research business opportunities in USA
It cannot undertake any direct sales

Comparison of entities in United States

	Limited Liability Corporation (LLC)	S-Corporation	C-Corporation	Branch Office	Representative Office
Legal Status	Separate Legal Entity	Separate Legal Entity	Separate Legal Entity	No separate identity	No separate identity
Limited Liability	Yes	Yes	Yes	No	No
Minimum Capital	None	None	None	None	None
Limit of shareholders/ partners	Minimum 1	Minimum 1	Minimum 1	Parent Company	Parent Company
Requirement of Director/ Manager	Minimum 1	Minimum 1	Minimum 1	1 Resident Agent	1 Resident Representative
Requirement of Company Secretary	1 Company Secretary	1 Company Secretary	1 Company Secretary	Not applicable	Not applicable
Registered Office Address	Mandatory	Mandatory	Mandatory	Mandatory	Mandatory
Opening of Bank Account	Mandatory	Mandatory	Mandatory	Mandatory	Mandatory

Services offered by CorpAcumen Global

We at CorpAcumen Global assist you in identifying best suitable entity considering the goals of your business and thereafter initiate the setting up process.

Submit incorporation documents with the authorities in the preferred state
Provide registered office and local company secretary
Post incorporation, assist in opening of bank account with suitable banker
Obtain necessary licenses for the type of business
Provide services pertaining to accounting and taxation
Ensure continual compliances post incorporation, both event as well as annual based

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