It is recommended to stick to a limited liability company in this country. Such a company may engage in any activity not prohibited by law, except banking, trust and insurance. A special license is required for these activities. When you open a company you will not be required to have any share capital.
In America, there are other important peculiarities of starting and doing business for foreigners. The main ones are:
• Paid registration and the need for annual payment. To register a company, you will have to pay from 5 thousand dollars. You will then have to pay the same amount every year.
• The company is registered as a legal entity of the United States, so you will have to declare bank accounts and file declarations with the IRS. Offshore companies in America, which are registered in the mentioned states and work outside the country, do not pay taxes.
• The company must have 1 director and 1 shareholder (at least). As an option, it is possible to make a director a shareholder, but it is better not to do so. In this case, you may be perceived as a private entrepreneur with unlimited liability.
• If you are registering in Delaware, we recommend that you use a nominal service. In this state, shareholder data is publicly available.
Other peculiarities of doing business in America can be found in our company.