How to Open Company in USA: A Comprehensive Guide for Non-Residents

Open company in the USA is an exciting opportunity for local and international entrepreneurs alike. With its business-friendly environment, access to a huge consumer market, and a reputation to bolster the credibility of any company from anywhere in the world, this is truly a hotspot for all manner of enterprises. This process is pretty accessible for a non-resident, though, with considerations and steps you must go through. The following guide covers everything from opening a Limited Liability Company in the United States to opening a company in the USA bank account as a non-resident.

Why Open a Company in the USA?

It is very important that, before delving into the nitty-gritty details, one should know why opening a company in the USA can be highly advantageous. The United States has one of the biggest and most vibrant economies in the world; very large markets, and a very varied consumer base. The legal and regulatory framework in the country also boasts very strong protection for intellectual property, which is particularly advantageous to technology, innovation, and service-based industries. In addition, U.S.-based companies usually gain more credibility with global clients and partners, which may bring them more business opportunities.

Unlocking Opportunities: How to Open a Company in the USA

Types of Companies You Can Open

As a non-resident, you are allowed to form either an LLC or an open company in the USA. Each of these options comes with distinct advantages, based on your business model and your long-term objectives.

LLC: It is the most preferred type due to the flexibility it gives. An LLC offers limited liability protection for all owners and also takes less pain in formation and management. The other added advantage of LLCs is "pass-through" taxation, meaning profits and losses would be reported on individual tax returns instead of at the corporate level.
Corporation: While it's easier to raise capital by forming a corporation-such as by selling shares it is more complicated and it becomes subject to corporate taxes. S-Corps allow pass-through taxation, but non-residents can't own shares in S-Corps.

Start Your Journey: Steps to Open a New Company in the USA

How to Open an LLC in the USA?

It is possible to set up an LLC, open company in the USA both for residents and non-residents of the United States, and here is a step-by-step explanation of how to do this, including:

a. Selecting the state where one would like to register

Determine the state in which you would like to register your LLC. Generally, people come to Delaware, Wyoming, and Nevada because of business-friendly regulations and lower fees. If you are planning to conduct business in a particular state in person, often it's more convenient to file in the same state where operations will take place. Then,

b. Registered Agent Appointment

Most states require the use of a registered agent for the service of process and receipt of legal documents and correspondence from the government on behalf of your company. Since you are a non-resident, you will be required to engage the services of a registered agent that has a physical address in the state where you are registering your LLC.

c. File Articles of Organization

To legally register your LLC, you will have to file the Articles of Organization with your state. You will generally be required to include the name of your LLC, the purpose of your business, and any information about the registered agent. The fee will differ by state but can range from $50 to $500.

d. Get an EIN

An EIN, also known as a Federal Tax Identification Number, is required to open a business bank account as well as to file taxes. Non-residents may be able to apply for an EIN directly with the IRS online or via mail or fax using Form SS-4. e. Comply with Ongoing Requirements

Of course, each state has its filing requirements and fees. Many states require the filing of an Annual Report with a related fee, and this serves to maintain good standing in most states.

Launch Your LLC: A Simple Guide to Opening in the USA

Open a US Business Bank Account for Non-Residents

Opening a company in the USA bank account in the U.S. after the formation of the LLC is one of the next most important things that will be necessary for keeping your personal and business finances separate, receiving payments, and other various day-to-day financial activities. Many times this is quite tricky for non-residents, as most U.S. banks will want to see a person appear in their location to open an account with them. Here are the steps to follow:

a. Prepare Required Documents

Generally, to open a company in a USA bank account as a non-resident, you will need the following documents:

Articles of Organization for your LLC
EIN issued by the IRS
Operating Agreement, when applicable
Proof of identity, like your passport
A U.S. mailing address; this may be your registered agent's address

b. Choose a Bank

Major US banks include Chase, Bank of America, and Wells Fargo. These are very common choices, with large networks and familiarity with dealing with international clients. A number of fintech businesses, as well as online banks, also offer non-resident business accounts.

c. Research Options for Remotely Opening

Some require that you physically go down to a branch, but some banks and financial service providers do make provision for the remote opening of accounts. If you can do a remote setup, be prepared for this process to be just a tad longer.

Establish Your LLC in the USA: A Guide for Non-Residents

Cost of Opening a Company in the USA

How much does it cost to set up an LLC, open company in USA in the United States? This is a bit of a tough question because the actual cost will fluctuate based on which state you are filing your LLC in and whether you require any ancillary services, such as a registered agent. Here are some common costs you may have for establishing an LLC:

Filing fees with your state: $50-$500
Registered Agent Fees: $100 - $300 per year
EIN Application: Free if you apply directly with the IRS
Annual reporting fees: Varies by state, but typically between $50–$200

Opening a business bank account in the U.S. is equally going to have a price either in the form of initial deposit requirements or in the form of monthly maintenance charges.

Open a US Business Bank Account: Essential Steps for Non-Residents

Conclusion

Opening a company in the USA of America by One IBC USA, particularly an LLC, is quite an easy process for non-residents. With the proper documents in place, a registered agent and EIN, international entrepreneurs are able to move into business in one of the world's largest economies. Upon setting up your LLC, a U.S. business bank account becomes an essential component in managing your company's finances smoothly and efficiently. While opening a company in a US bank account might seem like a daunting task for a non-resident, if you plan correctly and choose the right partners, entry into the U.S. market will indeed be smooth without any hiccups.