Wyoming is the most popular and least expensive state to form in. Wyoming is also very convenient for business owners and has strong privacy protections.
I am a single owner of a U.S. LLC, a non-U.S. person and my company provides remote services. Do I need to file a tax return and pay income tax? Because the LLC is providing services remotely, theres no income connected to the US as the owner of the LLC is not physically present in the US.
This means that the LLC would owe no US tax, except for the annual registration fee in the state of LLC registration, and there is no requirement to file income tax either. But keep in mind, though you might not be producing your income in the U.S., you still could be liable to income tax on this income in your home country.
Almost 70% of fortune 500 companies are registered there and more than 93% of IPO's too.
As long as you register your company with us you'll enjoy all the benefits of having an american corporation in your business structure
Any LLC that has more than one owner (partnership or S or C Corporation), must file a federal tax return, even if it has zero income.
A corporation is much different than an LLC and it files its tax return and pays its tax liability because it is a separate tax entity from its owners. One cannot freely transfer money between the owners or shareholders and the corporation. The corporation can pay the owners for expenses they pay on behalf of the business, and the corporation can pay owners for services they provide to the corporation. The only way for the shareholders to gain funds from the business is if the corporation pays them dividends.
We can do the work for you easey, just get in touch with us.
This tax is only applicable to C Corporations located physically with a state, and not LLCs. It applies to income earned by the corporation in the state, unlike federal income that applies to all U.S. sourced income. Though LLCs don’t pay income tax, it is always smart to check with your CPA if there are any filing requirements for the LLC in the state of registration.
Your state requires an annual report and other ongoing compliance. You can manage this yourself, but missing these deadlines can result in fines or the loss of your liability protection. Our Problem Free Guarantee compliance service covers your annual filing and two yearly amendments along with other ongoing state requirements to ensure your company stays in good standing with the state at all times.
Our Problem Free Guarantee compliance service covers your annual filing and two yearly amendments along with other ongoing state requirements to ensure your company stays in good standing with the state at all times.
Annual filing and two yearly amendments. We will handle your annual filing and up to two changes to your filing documents each year. We’ll make all the changes; you only have to cover the state fees.
Proactive alerts and notification for upcoming filing events. We’ll send you alerts for important compliance deadlines and monitor your status with the state to ensure you remain in good standing. Be protected for any costs should you fall out of compliance with the state. If you miss a deadline or state requirement, then we will outline a detailed action plan and cover the costs required to regain your good standing.
It is possible to be your own registered agent. You could also choose to elect a member of your LLC, or even a friend you trust, as long as the person meets these requirements:
is 18 years or older has a physical address in the state where business is conducted is available (in person) during normal business hours
Another option would be to hire a professional registered agent service. One of the disadvantages is that it is more expensive than acting as your own.
However, using a registered agent service helps you avoid any fees or further legal trouble caused by missing or misplacing an important document or notice. This can actually save you more time and money in the long run.
If you own and/or run a small business, chances are your state requires you to have a registered agent—most do. But even if your state doesn't, strongly consider getting one. A registered agent is a responsible third-party in the same state as the business, who canreceive service of process notices, correspondence from the Secretary of State, and other official government notifications—usually tax forms and notice of lawsuits—on behalf of the corporation or LLC.
If you own and/or run a small business, chances are your state requires you to have a registered agent—most do. But even if your state doesn't, strongly consider getting one. A registered agent is a responsible third-party in the same state as the business, who can receive service of process notices, correspondence from the Secretary of State, and other official government notifications—usually tax forms and notice of lawsuits—on behalf of the corporation or LLC.
If you do not have a physical location in the state in which your business is registered, in most states, you must select a registered agent to accept documents on your behalf. The state in which your business is registered needs to know it has a contact person for your business during business hours; accordingly, PO boxes are not acceptable addresses for registered agents.
For US Residents, we have a single pricing structure - a one-time payment of $399 that includes everything from your company formation, EIN number, US bank account, and much more. This payment includes the state filing fee, along with everything that will be needed to start your business in the US.
Because having a Social Security Number reduces de number of steps and general procedures to get all the registrations, documents and filings.
Our plans provide valuable compliance services like a registered agent and our problem free guarantee to protect you from business risks and liability. We also offer other valuable services that new business owners need, such as an operating agreement, corporate bylaws, and Employer ID Number (EIN).
When we say no hidden fees, that means there are no surprise add ons or charges at checkout. We will only charge you for the package you select and purchase at checkout.
An Annual report is a filing that details a company’s activities throughout the prior year. Annual reports are intended to give state governing authorities information regarding the names and addresses of directors or managing members of a corporation or LLC as well as the company and registered agent address.
In some state the annual report is filed at a pre determined date for all entities regardless of the date of formation while other states require that the annual report is filed on the anniversary date of formation.
Please note that some states require both an Annual Report to be filed and a Franchise Tax Fee to be paid. To determine what your compliance requirements are for your specific state and entity type, please refer to the signup form's ongoing state compliance section after selecting your entity type and state.
In some states, the annual report is filed on a predetermined date for all entities regardless of the date of formation. Other states require the annual report is filed on the anniversary date of formation.
The due dates for corporate annual reports do vary from state to state, so find your filing date from your state’s website and put it in your calendar. If you're one of our Pro or subsidiary plan members, we automatically take care of the annual filings for your company. Simply pay the state fee for your specific state and we take care of the rest. Below are some of the most frequently asked for information regarding annual reports.
We are happy to announce our new pricing plan for non-residents - a one-time payment of $399 that includes everything from your company formation, EIN number, US bank account, and much more. This payment includes the state filing fee, along with everything that will be needed to start your business in the US.
With this new plan, you will not have to worry about monthly recurring payments, subscription renewals, or hidden fees/charges. Simply sign-up, check out, and we will handle the rest.
Here's some more detail on what you will receive with your purchase:
Company Formation - This is the process of filing and officially opening your company with the state. Once complete, we upload the company formation documents to your dashboard for download.
Timeline:
Wyoming = 1-2 business days
Delaware = 2-4 weeks
Key Documents - Along with your company formation documents, we also provide your business with certain key documents such as an operating agreement, corporate bylaws, initial resolutions, and resolutions for opening a bank account. These may be requested by various agencies/institutions for things like proving ownership of your company, or opening a bank account.
Timeline:
Instantly, after company formation documents are uploaded.
Registered Agent and US Address - A registered agent is an individual who has been appointed to accept legal documents on behalf of a company. It is a requirement that all businesses keep and maintain a registered agent within their state of formation and where they do business. Included in your plan is our registered agent service, along with a US address where we will be receiving any state notices and service-of-process requests for your business. On top of this, we will scan and upload any regular mail sent to this address (Amazon postcards).
Timeline:
Instantly, after company is formed.
EIN Number - Your EIN (employer identification number), is a unique Federal Tax number for your business that is issued by the IRS. Having an EIN is important because it is a requirement for US business owners, and is used for things such as opening a bank account, identifying your company, and filing tax returns.
Timeline:
Standard EIN = 2-4 weeks
US Bank Account - Another essential component we provide for your company is the opening of a bank account here in the US. This will allow you to access US payment gateways, and process payments to and from customers, suppliers, etc. With our bank filing, there is no need to travel to the US to open an account; we will handle the filing and opening on your behalf.
Timeline:
Instantly, after company EIN has been issued. We partner with Novel for banking. https://www.trynovel.com/
Customer Support and Additional Services - Along with all of the above, your purchase will also grant you access to our dedicated support and account management teams. They will be there to help guide you through the every step of the process; addressing any concerns and answering any questions you may have along the way. If needed, they can also help provide any additional services your company may require, such as Amendments, DBA's (doing business as), and obtaining Certificates of Good-Standing or Apostilled Documents.
Timeline:
Perpetual