A company, though a legal entity in the eyes of law, is an artificial person, existing only in...
Business creation is a myth. Value addition to a business is what is to be called real business creation.
When it is the idea to start a Tech Start-up company in the USA. An idea gives birth to a technology which comprises of creative minds ready to infuse their intellect for a software-driven project.
The one thing most important, in a tech field, is the uniqueness of idea along with the technology support & drives to run it.
Young entrepreneurs are driven towards building cloud-technology Company & building pivotal steps to support the inclined mechanism underneath.
Company registration in the USA is 100% online and paperless process.
The journey of a web startup entails a plethora of research but ends with a compromise between the right amount of technology & manpower infused.
As a non-resident of the US there can be two ways a tech company can be started:
A). INCORPORATING A NEW ENTITY in USA i.e. development of software technology on own & grabbing marketplace through it.
B). FINDING A TECHNICAL EQUITY PARTNER i.e. execution of an agreement or MOU with strategic entities in the same field for technology sharing or marketing.
Registering a Company in the USA as a non-resident is a 100% online & hassle-free process. So, if a tech company needs to get registered in the US it just needs to have its product technology very clear & support systems at par so that, the startup takes its form in a smooth manner.
Henceforth, the Hub of Company Registrations are done in Delaware State which is governed by
More than 60% of registrations of Fortune 500 Companies are affected in the State of Delaware for the ease of setting up & Taxation incentives along with the liberal corporate policies rampant in the state.
Delaware offers a huge amount of benefits to budding entrepreneurs willing to execute their ideas which their respective home country doesn’t.
C-Corporations Registration in the USA: It is a separate legal entity, recognized & incorporates under US law. It is recognized as a separate tax-paying entity. The profits of a corporation are taxed twice once when the profit is earned & secondly when it is distributed to its shareholders as a dividend. It creates a Double Tax.
S-Corporations Registration in the USA: It is a type of entity which avoids double taxation on corporate income. It has certain criteria for being incorporated as S-Corporations which are:
It entails a pass-through entity, which transfers the corporate income, losses or deductions to the shareholders for federal tax purpose.
Sole-Proprietorship Registration in the USA: A type of business in which a sole person is responsible for the conduct of an unincorporated set up by himself.
Limited Liability Company Set-up in the USA: An LLC is generally treated as a disregarded entity as it can be either treated as a Corporation, Partnership or owner’s own tax return. If there are two members, for tax purposes it has to be treated as a Partnership concern unless it declares it as a Corporation.
Partnerships Registration in the USA: A type of business model in which two or more persons collaborate & contribute to carrying on a business. It does not pay any income tax but passes through any profits /losses to its partners. Such partners have to pay the necessary tax on the profits/losses in his/her individual return from their share.
TAX RATES in Delaware:
The US offers the lowest Tax Rates & it’s a possibility to reduce your Tax on US source income.
Following are the general prevailing rates:
The other States mostly: 37%
States Sales Tax prevails in US States apart from Delaware which range from 10 – 30% depending on the type & category of goods.
Enterslice is most preferred CPA firm to start, Register & Manage Business in the USA.