There are several organizational forms available when starting a new company.
Having decided to register a business in the USA, you can choose one of the following organizational structures:
- LLC (limited liability company) – taxes are paid by the participants, not the company itself, and if there is one beneficiary, there is no need to file financial statements;
- C-corporation – implies double taxation, for the company itself and for shareholders who pay taxes on dividends received;
- An S corporation is a business with up to a hundred shareholders that can operate in one state.
Only an American citizen can become an individual entrepreneur (sole owner of a business) or the owner of an S-corporation, that is, a non-resident can open a company in the United States in the form of an LLC or a C-corporation.
You need to choose an organizational form based on the size of the business, the number of owners, whether they have American citizenship, and their preferred taxation option. When planning to open a business in the USA, it is wise to get detailed advice from experts: this will help you avoid mistakes.
Requirements and documents
In accordance with the law, opening a company in the United States, including the state of Florida, is possible if several requirements are met, which primarily relate to filing documents and providing information about your project. Basic conditions that must be met:
- indication of the name of the company, which will be further mentioned in the documentation – the name should not be misleading, it should reflect the industry of work and its essence, and it should also be unique;
- preparation, notarization of the charter and memorandum, indication of information about business owners, their powers and positions – these documents and information will need to be sent to The Florida Department of State, which is the state regulator;
- submission of certifying documentation (passport, international passport) along with a description of the project, business plan and financial forecasts.
You will also need to report the volume and value of shares issued. This data will be key in determining the form of ownership and organizational structure.
