If you are in Brazil, have you ever thought about earning in dollars? Have you ever heard of dollarizing your assets? Many people seek to open a company in the USA as it is the country with the largest economy in the world.
The growing wave of appreciation of the American currency is one of the main reasons for investing in global business. The stable US economy helps attract even more investors, expanding the market.
The great doors of opportunity that the United States opens in the lives of those who decide to embark on the journey of entrepreneurship are getting bigger and bigger. And the best part, depending on your business model, you don’t even need to live on American soil to have an international company!
Before opening your company
Before opening your company, you need to understand the types of corporate structure. The two most common models are: LLC Partnership and C-Corp.
Partnership LLC (Limited Liability Company)
The LLC is an excellent option for the owner of small businesses and for the foreign owner of what we call a vacation home (property for short-term rental).
This structure supports in a simple and uncomplicated way the carrying out of operational activities such as providing services and selling products, as well as being able to protect the property owner against liabilities (civil and criminal liability), in addition to resulting in tax benefits, such as avoiding double taxation since the net profit of the LLC is taxed once on the profit distributed to individual members.
C-Corporation
We suggest the C-Corp for projects where there is a need for corporate compliance, such as issuance of shares of different valuations and classes, formation of a board of directors and mandatory annual records of assembly meeting minutes.
Now that you’ve learned about the types of structures, it’s important to understand what obligations and responsibilities come with opening a business in the United States.
Each state has its own rules and laws. In Florida, for example, you must define a main company address, a mailing address, and have a Registered Agent.
Here at Noveli Solutions, we highly suggest hiring the Mailbox service for non-resident foreigners, which allows the use of our office address as a mailing address.This prevents important correspondence from reaching you.
After opening your company
After opening your LLC or Corporation in the USA, some additional obligations arise.
Preparation of corporate income tax;
Preparation of income tax for individuals who are members of the company;
Annual Report which, in turn, is the mandatory re-registration of the LLC with the Commercial Board of the state of Florida.
These 3 obligations, however, only arise in the year following the company’s creation.
With a multitude of possibilities, opening a company outside your territory can be somewhat challenging when you are alone. That’s why Noveli Solutions’ mission is to help people, projects and countries connect clearly, quickly and effectively!
Our business opening experts are equipped with the knowledge you need at all stages of structuring your business! Contact us for more details about this and many other services in the United States!
