Frequently Asked Questions

General Information

1. What services does your agency provide?

We specialize in comprehensive business formation and compliance services for both domestic and foreign entrepreneurs. Our offerings include LLC and C Corporation formation, registered agent services, annual compliance management, EIN/Tax ID acquisition, bank account setup assistance, and more. We also provide tailored solutions for maintaining good standing and meeting regulatory requirements across various states.

2. Who can benefit from your services?

Our services are ideal for foreign entrepreneurs and non-resident aliens looking to establish and maintain a business entity in the United States. We also serve domestic clients who need assistance with business formation, compliance, and ongoing management of their US-based entities.

3. How does the process work?

Once you engage our services, we’ll guide you through each step of the business formation and compliance process. From selecting the right business structure to filing the necessary documents and ensuring ongoing compliance, we handle everything to make the process as seamless as possible for you.

Business Formation

1. What is the difference between an LLC and a C Corporation?

An LLC (Limited Liability Company) offers flexibility and pass-through taxation, making it ideal for small businesses and startups. A C Corporation, on the other hand, is better suited for businesses seeking to raise capital through investors or issue stock, as it allows for unlimited shareholders and has a more rigid structure.

2. Can I form a US business entity if I am not a US resident?

Yes, non-residents can form and own US business entities, including LLCs and C Corporations. Our agency specializes in assisting foreign entrepreneurs with the entire process, including compliance with US regulations.

3. Which state should I choose for my business entity?

The best state for your business depends on various factors, including tax considerations, privacy concerns, and your business’s specific needs. We often recommend states like Wyoming for its low taxes and strong corporate laws, or Delaware for its business-friendly environment. We can help you determine the most suitable state based on your unique situation.

Registered Agent Services

1. What is a registered agent, and why do I need one?

A registered agent is a person or service designated to receive official legal and government documents on behalf of your business. All US business entities, including those owned by non-residents, are required to have a registered agent in the state of incorporation. This ensures that your business receives important communications in a timely manner.

2. Can I serve as my own registered agent?

If you reside in the state where your business is incorporated, you can serve as your own registered agent. However, if you are a foreign owner or do not have a physical address in the US, you will need to appoint a registered agent service to fulfill this requirement.

3. What happens if I don’t maintain a registered agent?

Failing to maintain a registered agent can lead to serious consequences, including missed legal notices, penalties, and the potential administrative dissolution of your business entity. It’s crucial to ensure your registered agent information is always up to date.

Compliance and Ongoing Management

1. What are the annual compliance requirements for my business?

Annual compliance requirements typically include filing an annual report, renewing registered agent services, paying state franchise taxes, and maintaining corporate minutes and records. The specific requirements may vary based on your entity type and state of incorporation. We provide comprehensive compliance management to keep your business in good standing.

2. What is an annual report, and why is it important?

An annual report is a document that provides the state with updated information about your business, including its address, registered agent, and ownership details. Filing this report is essential to maintaining your business’s good standing and avoiding penalties or dissolution.

3. Do you handle tax filings and FBAR (Foreign Bank Account Reporting)?

While we assist with compliance and formation services, tax filing and FBAR reporting are specialized areas that often require a tax professional. We can refer you to trusted partners who specialize in these services, ensuring your business meets all tax obligations.

Bank Account Setup

1. Can I open a US bank account for my business if I am not a US resident?

Yes, foreign-owned US businesses can open a corporate bank account. However, the process often requires the business owner to visit the US in person, and bank approval is subject to various factors, including nationality restrictions. We assist in guiding you through the process and connecting you with banks that may offer remote account opening services.

2. Why is it important to have a separate business bank account?

Maintaining a separate business bank account is crucial for preserving the limited liability protection of your business entity. It helps prevent the mixing of personal and business funds, which could expose your personal assets to creditors in the event of legal action.

3. Do I need an EIN/Tax ID to open a business bank account?

Yes, an Employer Identification Number (EIN) is typically required to open a business bank account in the US. We can assist you in obtaining an EIN as part of our business formation services.

Getting Started

1. How do I get started with your services?

Getting started is easy! Simply contact us through our website or give us a call, and we’ll set up an initial consultation to understand your needs. From there, we’ll guide you through the entire process, ensuring that your US business entity is set up correctly and remains fully compliant.

2. What is the cost of your services?

Our pricing varies depending on the specific services you require. We offer transparent pricing with no hidden fees and can provide a custom quote based on your needs. Contact us for a detailed breakdown of our service packages.

3. Do you offer support after the business is formed?

Yes, we offer ongoing support and compliance management services to ensure your business stays in good standing year after year. Whether you need help with annual filings, renewing licenses, or any other aspect of running your business, we’re here to assist you every step of the way.

Still have questions?

Contact us today, and our team will be happy to assist you with any additional inquiries or provide more detailed information tailored to your specific needs.