Tuesday, April 17, 2012

How Can I Become A Permanent Resident In Canada

Being A Non-Resident Usa, Can I Start Business Or Form A Company In Usa?

To establish a company in USA it is not required to be neither a resident nor citizen to form company in USA. Non-USA Resident has to follow the following guidelines.

  • They are required to have a physical addressa
  • Any legal person can be a registered agent of entity.
  • PO Box is not acceptable
  • To maintain company which are required to file yearly annual report
  • To keep that company in a good standing it is required to file State Taxes if applicable, Federal Taxes
  • Being a Non-Resident USA, it will only be liable for State and federal taxes and it may not be required to pay USA Social Security and Medicare Taxes
  • They can either form a C-Corporation or an LLC but not an S-Corporation, because to form an s-corporation they have to be a resident or a citizen
  • But the C-Corporation can be converted any time to an S-Corporation once the individual get the status mean become a permanent resident of USA
  • There is no limitation to open a bank account as a non-us-resident
  • There is no restriction to hire employees under their entity
  • Non-resident USA can open a foreign entity of their existing oversees company to conduct business in USA, or if they have the same members or shareholders then they can open a separate entity. It will serve the same purpose
  • To create a foreign entity of existing oversees company they have to obtain certificate of good standing/certificate of existence or certificate of status that the company is legally registered
  • To create a foreign entity, existing company has to be in a good standing to execute a business.

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Source: http://www.articlesbase.com/corporate-articles/being-a-nonresident-usa-can-i-start-business-or-form-a-company-in-usa-1816710.html