An LLC in the USA: Make Business Conveniently

The USA is not that easy to get to if you want to obtain a green card and become a citizen.

03:07 28 July 2023

The USA is not that easy to get to if you want to obtain a green card and become a citizen. However, it is much easier to start your business here as there are a number of non-resident business-friendly states that offer almost the same conditions you will find in offshore jurisdictions. A company in the USA is easy to establish and maintain if you know how to go about it.

You need to start by collecting information. We invite you to our portal called International Wealth where you will find lots of articles on different aspects of foreign business, including the USA. Please read our detailed article on how to open an LLC for foreigners today which is focused on the US. You can also contact our experts who can help you with any aspect of business worldwide: set up a company, open an account, advise on accounting and taxes optimization, and so on.

And now let’s turn to an LLC in the United States.

Can Foreigners Establish LLCs in the USA?

You may come across different myths regarding business incorporation in the USA, and one of them is that you need to be a US citizen and possess a social security number (SSN) to register a company. In reality, you will not need a green card or an SSN: focus on a viable business plan instead! 

Non-residents are permitted by law to:

• Form an LLC in the United States
• Set up an account with any American bank
• Make use of US internal payments

You will not need to stay in the USA for some time to have the right to business registration, either: you can freely reside in any country and run a business in America.

The only thing you should do is to find out the differences in regulations applicable to local and foreign company owners as they do exist. You can contact one of our specialists to ask any questions and get all the information you need.

Foreign LLC in the United States: Benefits

Let’s explore the main reasons why you should incorporate your LLC in the United States if you are a foreigner that has a wide choice of jurisdictions.

Here is what you get by registering your LLC in the US:

• Access to the American market (which is really huge), its investors and venture capitalists.
• High reputation in the business world
• Personal asset protection. It is much easier to run your business in the US as a private entrepreneur (like in many countries). However, there is a serious drawback: you risk losing all of your personal capital if something goes wrong. In other words, creditors will take away all your personal belongings if you go bankrupt. An LLC is a bit more difficult to set up, but your personal assets will be safe: your liability is limited by your investments in the company.
• Pass-through taxation. The essence of this taxation principle is as follows: the profits received by the company are distributed among its owners, and the latter file their own tax returns and pay individual taxes. This differs a lot from the corporation where taxes are imposed on the corporation as a whole and on each individual separately. And this is the reason why we recommend setting up an LLC.
• Flexible ownership principles. Your LLC may be owned by a sole member, or it may have as many owners as you can imagine. These can be companies, trusts, or individuals that are tax residents of any country. In other words, enjoy as much freedom of ownership as you can take!
• Flexible management. There are no fixed management requirements: you may form a board of directors or group your top executives in any other way, employ a manager who will not be a company member to run your business or manage your LLC by yourself.
• Incorporation is easy. As we mentioned before, individual entrepreneurship is easier to establish. And still, US LLC incorporation will not require any extraordinary efforts from you – especially if you rely on our assistance. Follow the above link to have a fully-operational US LLC within a couple of weeks!
• Tax exemption. It is not absolute, however: you will have to satisfy some requirements. In particular, your LLC should be owned by a foreigner (individual or legal entity), have no economic substance in the United States, and its source of income should not be in any way related to the USA. 

As you see, an American LLC comes with a lot of advantages that may be exactly what you are looking for.

Best US States for LLC Formation

We at International Wealth recommend two states: Delaware and Wyoming, as these seem to offer the best conditions.

Delaware

Many company owners want to keep their identity secret, and that’s where Delaware comes in useful: you are under no obligation to disclose your name here.

This state will also be a good choice if you are planning to make a C Corp out of your LLC in the future (it will give you an opportunity to attract US venture capital).

Wyoming

You can ensure high-level confidentiality in Wyoming as well by using absolutely legal nominee service. This state is extremely popular with entrepreneurs engaged in online business as they find it simple and convenient to open and run an LLC here. Wyoming is also known for its friendly attitude to foreign businesses on the part of government officials and private entrepreneurs.

If you register an LLC in Delaware or in Wyoming, you will not need a physical address. However, you must have a local registered agent whose address will serve as a point of contact for mailing purposes and will be used to open a corporate bank account with an American bank.

By Way of Conclusion

If any aspect described in this post seems complicated, you can always rely on the help of International Wealth specialists. Follow the above link to ask questions, get help with documents, open a bank account, find a reliable registered agent, or resolve any other issue that may practically arise.

We are focused on providing all the information that a customer may need to make an informed decision. Enjoy a hassle-free experience with us – or simply click on the link to read more articles written by practical experts that are collected in one place.