Black Friday sales are almost over and you have gotten all the best deals for yourself but you’ve just remembered you should probably get something for your business as well. If this is even remotely you, then this article is for you.
Did you know your company can be incorporated in more than one place? Think of it as dual citizenship, but for your company and with less of the disadvantages of dual citizenship. And if this second country is the US, this promises even more benefits. Now you’re thinking, this isn’t a bad idea but why would I want to register my company in the United States and how can I go about it?
Here are some benefits of incorporating your business in the US:
- Funding: Being recognized as a US entity positions you strategically in the market to receive support and backing from US and International Venture Capital firms and angel investors. The US is a very big market for practically anything in the world and so your company will be welcomed with open arms. Real ones know this from reading the Legal Trunk Newsletter, if you want to have access to premium info like this, subscribe here. Canva became what a number of us have come to love from tapping into the US market and making itself available and accessible to investors. Need more advice on your start-up? Legal Trunk has the best people for the job on speed dial!
- Customers: One wonderful thing about the US market is that some people, somewhere are waiting on your product offering whether they know it or not. The US offers a market of wide and diverse consumers available to you and your company and you build more trust with these consumers by being a US-incorporated company. You are almost guaranteed to find your niche here and what’s not to love about that!
- Immigration: This is a popular question, and yes having a US company could make your efforts at immigration to the US easier. With a US company, you could become eligible for a number of visa classes based on aspects related to having a US company. For example, simply being an entrepreneur setting up in the US and contributing significant finances makes you eligible for an E2 visa. Finding the path that works for you will still involve clear research but know that incorporation adds some light to that path!*
- US Bank Account: With a US registered company, comes the ability to open a bank account in the US and operate it from wherever you are. Your account will operate like any other, with provisions for a card and other necessary banking facilities you require. This will make it easier for you to conduct transactions and receive money in the US. Working with Legal Trunk means you can easily register for a US bank account with our banking partner with massively discounted rates. Anything else said after this point will be too much said on this point, but do not sleep on this!
Now that we have convinced you on why you should register your company in the US, let’s talk about how Legal Trunk can help make this process easy for you.
Registering your company in the US can take any period of time between one to three weeks. It all depends on who you let handle this for you. With Legal Trunk, this is a one week process that starts with you filling our company registration form and ends with a US registered company in the state of Delaware for you and your company registration documents in your mail.
To get started, visit our website and start your company.
Important information you will need to have at hand for this process include:
- Your basic information
- The proposed name of the company; Legal Trunk has to confirm the name is available. (This is a really good way to make the name officially yours, although you should make sure to get it trademarked as well.)
- The type of company you would like to incorporate; could be a Limited Liability Company (LLC) or a C Corporation. (We will talk more about this in our next article)
- The details of the directors or members of the company.
- The purpose of your business.
- Applying for an Employee Identification Number (EIN) is optional, but is usually done at no extra cost. Obtaining a tax identification number is very helpful when opening a bank account or hiring US employees.
Once this is done and payment is made, all you have to do is sit back and let us do the rest while we give you updates as things progress. Legal Trunk also offers a free consultation with our in-house startup advisor to answer any questions you might have and help you through the process. To schedule a quick call right away, click here.
To conclude, incorporating in the US is something that should be at the top of your list. It opens you and your business up to a wide range of benefits that are helpful to scale and grow.
Legal Trunk will be here whenever you’re ready to take that step BUT imagine setting up for success and doing it at a lower cost? Take advantage of the Legal Trunk Black Friday sales and save 40% when you register your company between now and Monday. Get started here!
*Please note that the information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only.
