Openinf A Company In The United States: Useful Tips For Investing In The Usa

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Useful Tips For Investing In The Usa. The economic crisis that has hit our country in recent years, the ever-increasing globalization and the desire that Italians have to be able to get back into the game and beat the competition in their sector, have led many entrepreneurs to consider the idea of open a company in the United States. The establishment of a company on American soil is very simple, nothing to do with the slow and heavy Italian bureaucracy to which we are now more than accustomed.

Useful Tips For Investing In The Usa

How to open a company in the United States: the bureaucratic process to follow

As we just said, opening a company in the US is simple. In fact, here is the bureaucratic process that must be followed:

• Draw up the Articles of Incorporation, or the Articles of Organization depending on the type of company chosen, which corresponds in practice to our Articles of Association.

• Register the Articles with the Division of Corporation of the relevant State Department.

• Request the EIN – Employer Identification Number, the tax number that is necessary for the tax return and also for opening a current account.

• Open a bank account in the USA.

• Request any permits and licenses depending on the type of activity chosen.

The interesting fact is that there are obligations to which we Italians are subject that are not required in America. In fact, there is no provision for a board of auditors, nor the need to have a shareholder or director in the United States. It is not necessary to have a visa or be a resident of America. Furthermore, there is no minimum capital to be paid. In short, opening a company in America is simple, fast and also much cheaper than opening the exact same company on Italian soil.

Doing business in the USA: which type of company to choose

There are three types of companies that you can consider if you want to invest in the United States:

• C-Corporation. In this type of company, there is a distinction between the legal person and its shareholders. This means that shareholders can enjoy limited liability: that is, they are liable for liabilities only based on the investments they have made. A C-Corporation has an unlimited term, until its dissolution. It can be of any size; it can be the owner of real estate, it can deal with any type of business and issue different types of shares. In the C-Corporation, the board of directors is responsible for deciding the company policy while the managers are responsible for ordinary management. The only negative side of the C-Corporation is that it is possible to incur double taxation: the company’s revenues are taxed, but the shareholders must also submit to the tax return and then pay the relative income taxes.

• S-Corporation. From a legal point of view, C-Corporation and S-Corporation are identical. Instead, they differ in terms of taxation. An S-Corporation cannot, in fact, incur double taxation: the company’s revenues are not taxed; revenues and losses pass directly to the shareholders, who must report this information in the tax return phase. However, there are some limitations that the S-Corporations have and which should be emphasized. It is in fact, a company that can only issue one class of shares and can have a maximum of 75 shareholders. Not only that, the opening of an S-Corporation is not granted to a foreign person. If you want to open a company in America, this is therefore not an option for you.

• LLC. It is a limited liability company, very similar to the Italian one, a sort of hybrid between the other two types of companies we have just talked about. However, this company is not very widespread, because in some states it is not properly regulated. Therefore, its choice should be considered especially based on this detail, the area of ​​the United States in which you decide to make your investment.

As you can see, it is not at all easy to choose which type of company to open to do business in America. We recommend that you ask for information from specialists in the sector, showing them the project you have in mind. You will see that they will be able to give you the tips you need to avoid mistakes.

Open a company in the United States, but where?

According to most people, the best place in the US to open a company is the state of Delaware. This is because the legislative and judicial bodies of Delaware have over the years drawn up laws and jurisprudential rulings that streamline and simplify all bureaucratic procedures, even the complex procedures necessary for the merger of companies or their sale. Not only that, the current legislation is profoundly pro-management. This has been noted over the years when disputes between shareholders and minority shareholders have been brought to the scrutiny of state courts. Without forgetting that the extensive jurisprudence of this state makes it possible to obtain precise, clear and transparent indications on the opportunities or otherwise of each possible activity. Precisely for the aforementioned reasons, it is true that the state of Delaware must be considered as an excellent place to open a company, but only in the case of listed and large companies, or companies that expect to achieve these results within a short period. Small companies and start-ups, on the other hand, could find some impediments.

Where can smaller companies turn their attention? Without a doubt to California, especially if you intend to open businesses that include retail stores, beauty salons, educational activities or e-commerce. Alternatively, Florida, especially if your company wants to deal with products and services typical of Italian excellence. In fact, it is good to know that the imports of Italian products into Florida have grown steadily over the last few years. Not only that, but Florida is also located in a strategic position, in fact, just a few steps from Latin America.

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