Over the course of the last several years, our firm has developed a specialty in assisting foreign customers in registering their companies in the United States. As a result of this, we assisted hundreds of businesspeople in India in company registration services in USA and advising them on how to further grow and extend their operations into markets in both the United States and internationally.
This page is a reflection of the experience that we have gained over the years of supporting Indian customers, and we make regular updates to it to ensure that it contains the most recent and relevant information.
What exactly are we referring about when we speak about money?
We begin with this topic since a significant number of the potential customers in search of US company registration have a hazy understanding of the expenses associated with starting operations in the US.
Initial Capital Contribution
It is essential to have an understanding that registering your company formally takes up just a tiny portion of the total expenditure required to begin a business in the United States. Registration fees may be as little as $300 or as high as $1000 or more, depending on the state in which the company is being registered, the kind of corporation being registered, and the unique requirements of the firm. The registration procedures for new businesses cost our Indian customers an average of between $600 and $700.
To conclude, you need plan a budget of $600–$700 in order to properly register your business in the United States but not to create a bank account there. Your financial plan should be between $2,600 and $3,000 if you want to do banking. Bear in mind that this is simply the first investment that is required in order to start up the firm in the correct manner. When developing the budget for your company’s starting, you need to make sure that you take into account the fact that your company will need additional money for the real commercial activity.
And lastly, depending on the form of your business and the activities it engages in, you may be obliged to submit a yearly tax return (and in some instances – pay taxes). This implies that you will need to retain the services of a CFO (Chief Financial Officer) and maybe even a bookkeeper. The filing of basic tax returns should not cost more than $300 to $500; however, the fees associated with filing more complicated returns will be greater. Bear in mind that there are circumstances in which you, as the owner, will be required to get an Individual Tax Identification Number (ITIN). This will add an additional $300–400 per partner, but the expense will only be incurred once.
You need to put a lot of thought into your financial strategy before you start your company. You should never establish your company on hope; cold blooded calculations tend to be a more trustworthy tool in business. Many customers make the error of thinking that part of the initial and operating expenditures would be covered by the first customers they are depending on obtaining. This is a mistake because you should never develop your business on hope.
What are the steps involved in forming a corporation in the United States?
The actual procedure of establishing a corporation in the United States is quite straightforward and consists of submitting certain applications to a variety of governmental entities and producing a few papers that are used internally by the organization. Because our business offers a comprehensive range of services in USA company registration at prices that are among the most aggressive in the industry, we make it much simpler for our customers to accomplish this aspect of their overall strategy.
Before you can register your company, there are two decisions that need to be made: first, you need to choose the state in which you want your company to be registered, and second, you need to choose the kind of legal entity that this company will be organized as (typically, you can choose between a corporation and an LLC, which stands for a limited liability company).