What Is the Procedure of Registration of a Private Limited Company in USA?
What Is the Procedure of Registration of a Private Limited Company in USA?
Share
Sign Up to our corporate Questions & Answers Engine. A fastest-growing platform for professional aspirants.
Welcome back to our corporate Questions & Answers Engine. A fastest-growing platform for professional aspirants.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
A new firm must first register as a company in the USA, which is a crucial step in the startup process. Online registration for company in US is simple and straightforward process.
How to Register Private Company in United States?
1. Choosing the type or category of incorporation is the first stage.
In the USA, the following two methods are available for forming the entities:
Subsidary Entity
The term “Subsidiary Entity” refers to a certain form of organisation that is a subsidiary or totally owned company of an already established organisation that is located and registered outside of the United States.
Standalone Entity
A class of entity known as a stand-alone entity is one that is primarily owned by a group of stakeholders, investors, founders, and occasionally additional company employees.
2. Select a name for your Company
The owner should have chosen a name that is original and does not already belong to another US company. The name’s availability will be checked by the owner’s designated Registered Agent, who will then request that the authority approve their request for the name.
3. For Registration Process Appoint a Registered Agent
For online registration process owners should appoint a registered agent because, only an agent or an official person can submit an application for a US company registration process. As a result, it is always advised to choose a qualified individual or agent to start a new business in the USA and to get the Registration of such a Company in the USA.
The authorised agent or person is in charge of keeping track of, collecting, and submitting any further required documents to the authority. Additionally, it is the authorised person’s or agent’s responsibility to receive any reports or communications from the appropriate body about company registration.
4. Federal Employer Identification Number
The Federal Employer Identification Number, or FEIN[1], is also referred to as an EIN or a tax identification number. The United States’ Internal Revenue Service (IRS) is responsible for issuing this number. This number resembles an identity code for the various American corporations.
The owner of the company will require the EIN in situations like opening a bank account in the USA (and possibly in the owner’s home country). If this EIN is necessary to open a bank account, the owner must inquire with local banks in his or her country.
5. Apostille or Authentication Certificate
The home country’s authorities would want particular confirmation that the company was formed in the USA if the company owner wanted to open a bank account there. The owner must present the company registration documentation. Such documents must be attested with an Apostille.
Apostilles are agreements between various nations to recognise each other’s documents. Only nations who are signatories to the Hague Convention are eligible to use this arrangement. The home country of the owner may request a “Certificate of Authentication” from either the state where the company was formed or the State Department of the USA if the owner’s country is not a member country (or both).
6. License for Vendors or Tax Permit
In the USA, the company’s owner must register for a vendor’s licence or tax permit for a certain state in order to obtain permission to start a new firm.
7. Get the required licences and permits.
Depending on the setup, whether an LLC or corporation, each setup is required to obtain appropriate licences and permits as laid forth by a given state. Heavy penalties may be levied if these rules are not followed.