How to form your own US Corporation from anywhere in the world

How to form your own US Corporation from anywhere in the world

Step #1: Should you form a US corporation or an LLC?

Answering that question will vary depending on your business and personal circumstances. Below is information that may offer you some guidance.

Remember to consult a professional if unsure. www.myuscompany.com recommend to get a free phone consultation with US CPA (Certified Practicing Accountant) Jerry Ballard's by visting his site here.
http://www.accountant-city.com/ballardpa

Jerry will be able to provide you with expert advice based on your personal circumstance. You can also work with Jerry as your registered agent in the State of Delaware. The fees for this services are around $89,00. You can download the documents requiered from www.myuscompany.com or later on this guide.

Other service that we can recommend is The Incoporating Company. They charge a bit more but have a great variaty of services.

I also can recommend Active Fillings. They can charge you online and have a great customer service. Also, they speak spanish.

Next you will be allowed yo see some characterisitc of an LLC and a Corporation...

Advantages of an LLC?

The LLC is a unique type of company. It is a hybrid between a partnership and a corporation.

The advantage for non-US residents, who have no US sourced income is that a Delaware LLC is totally disregarded for income tax purposes by US tax authorities.

A Delaware LLC pays only one "tax": the $200 per year Delaware franchise tax.

An LLC's profits "pass through" to the individual owner.

For Americans who file a personal US tax return, these profits are added to their ordinary income and taxed at the individual rate.

The advantage for non-Americans who do not file a U.S. tax return is that the LLC's profits pass through to the LLC's owner but the income is not taxed by the U.S.

It is still your responsibility to report income tax within your own country.

Advantages of a Corporation?

If you DO have US sourced income then perhaps a US corporation is the better choice.

You will be required to pay tax on income earned in the Untied States. Therefore having a corporation can simplify things.

The disadvantage of having a corporation is that it is taxed on world wide income, not just US income.

However you can talk to a US accountant about minimizing this tax.

Now, let's review what name could you use to your new company...

Step #2: Check your new company name?

Once you have decided on your company structure (LLC or Corporation) we move to the fun part of choosing a name.

To see if your name is available use the link below:

Search name availability here
https://sos-res.state.de.us/tin/EntitySearch.jsp

Step #3: What company would you like to form?

LLC formation

www.myuscompany.com provides a short easy procedure. They recommend to use the service of Ballard and Tompson. We can not guarantee this services as its a 3th party company. However you can see if it fits your needs.

Download the next forms, print them and fill them with your own personal details. Once filled in simply fax the forms to: (302) 739-3812

The fee to form an LLC is US$90

Sample Form

Real LLC form (print and fax to: 302-739-3812)

Your company registered agent is:

Gerald P Ballard
Ballard Thompson & Associates

16 West Main St
Christiana, DE 19702
USA

(800) 542-1900 Office
(302) 737-6139 Fax

Appling for your EIN

After your corporation has been formed you can then apply for your EIN (Employment Identification Number).

You can receive your EIN instantly over the phone by calling the number below. It will take about 10 minutes.

Simply give your name and your address (does not have to be a US address) and when your tax year ends (it must be within one year of forming your corporation). The operator will then give you your EIN over the phone. There is no cost for this service.

Phone IRS: +1-800-829-4933

How to form your Corporation

www.myuscompany.com provides a short easy procedure. They recommend to use the service of Ballard and Tompson. We can not guarantee this services as its a 3th party company. However you can see if it fits your needs.

Download the next forms, print them and fill them with your own personal details. Once filled in simply fax the forms to: (302) 739-3812

The fee to form an Corporation is US$89

Sample form

Real form (print and fax to: 302-739-3812)

Your company registered agent will be:

Gerald P Ballard
Ballard Thompson & Associates

16 West Main St
Christiana, DE 19702
USA

(800) 542-1900 Office
(302) 737-6139 Fax

Appling for your EIN

After your corporation has been formed you can then apply for your EIN (Employment Identification Number). You can receive your EIN instantly over the phone by calling the number below. It will take about 10 minutes.

Simply give your name and your address (does not have to be a US address) and when your tax year ends (it must be within one year of forming your corporation).

The operator will then give you your EIN over the phone. There is no cost for this service.

Phone IRS: +1-800-829-4933

**** Remember to review for more than one service provider to be shure you get what you need. ****