Question 1

Why should I start a US Company?

Accepted Answer

It allows you to work globally and gives you access to the best financial services in the world, bureaucracy is almost non-existent and the effective tax rate is 0%. Setting up a company in most countries means high taxes, bureaucracy, and limited access to payment options like Stripe.

Question 2

Zero taxes in the United States? How is that possible?

Accepted Answer

It is possible if you meet the following conditions: You do not have your own US premises (Amazon FBA warehouses or other leased premises do not count). You have no US employees (US freelancers do not count). You do not stay more than 30 days a year in the US (can be more, but you will need to prove yourself to the IRS).

Question 3

Can I open a bank account for my US company without traveling to the US?

Accepted Answer

Yes, you can open an online bank account without traveling to the US. We work with Mercury, Meow, Revolut and Relay Finance, where we can pre-fill your applications, and you need just to verify your identity. You can also open a US Wise business account.

Question 4

Do you guarantee opening a bank account?

Accepted Answer

It is impossible to guarantee opening an online bank account. We will ensure that your business is eligible, and we will pre-fill your application to ensure that all the questions the bank may have are answered properly. However, the final decision is up to the online bank and its partner banks.

Question 5

Can I get a Stripe account for my US company?

Accepted Answer

Yes, US businesses operated from abroad are eligible for US Stripe accounts. The process of opening an account is rather simple. We cannot pre-fill this form for you, but we can help with guiding you through the application.

Question 6

Can I open a PayPal account for my US company as a non-resident?

Accepted Answer

Yes, you can open a PayPal account, but it's a bit challenging and requires two additional steps. First, you need to obtain an ITIN, which is a tax number for an individual and costs a $250 one-time fee. It takes up to six weeks to get it. Second, you need proof of a US residential address with a utility bill. Those costs start at $300 a month or more.

Question 7

What are my obligations to the US institutions for the company in the US?

Accepted Answer

You have two obligations to American institutions: Annual report to the US state where your company is registered. This application is submitted to confirm that the company is still operating and active. If it is not submitted on time, it is considered that the company is no longer in business. Annual tax return forms to the IRS. We take care of both under the subscription plans, with the exception being the Starter plan.

Question 8

How can I get my money to my home country?

Accepted Answer

You can simply send them to your local bank account, to your personal Wise account, to your Payoneer, or any other financial account you may have.

Question 9

Why open a US company and not in my country?

Accepted Answer

It offers better access to US customers, peace of mind and minimal bureaucracy and fees, along with access to advanced financial services that may not be available in your country. By running a domestic company, you may be limited to local banks and unable to receive payments via popular platforms like Stripe. Additionally, you can never be sure if local institutions will introduce new charges for you soon.

Question 10

How much does it cost to run a US LLC?

Accepted Answer

We offer two options: one where you manage everything by yourself and the other where we manage everything for you. Starter &ndash; $390 one-time fee, then $100 yearly. Basic package &ndash; $990 yearly or $100 monthly without bookkeeping. Managed package &ndash; $1990 yearly or $200 monthly with unlimited support and bookkeeping included. Growth package &ndash; $2990 yearly or $300 monthly with bookkeeping included, yearly revenue above $100k, plus financial advisory.

Question 11

What duties does my US LLC have toward the US authorities?

Accepted Answer

Each LLC must submit an annual report to the Secretary of State, submit tax forms to the IRS, and report beneficial owners to the FinCEN. All the reports are included in our packages.

Question 12

Do I need bookkeeping for my LLC? How do I get it?

Accepted Answer

Yes, every US company needs bookkeeping to prepare for tax filings. If you opt for the Managed and/or Growth plans, our team will handle your bookkeeping. If you're on the Starter or Basic plan, bookkeeping isn't included &ndash; you'll need to maintain your own records or hire a bookkeeper and send us your financial statements at the end of the year.

Question 13

What's the difference between an LLC and a C-Corp?

Accepted Answer

LLC and C-Corp are two different company structures. C-corporations are a better option for companies that need to raise capital from angel investors or VC funds. For all other cases, LLC works better because it is more flexible, involves less paperwork and compliance, and has simpler tax returns. For non-residents, C-Corp profit is subject to a federal income tax of 21%. LLC founders may avoid paying taxes if they meet certain requirements.

Question 14

When should I choose a C-Corp instead of an LLC?

Accepted Answer

If you're building toward venture funding, issuing equity to employees, or planning an acquisition, a C-Corp is the right structure. Angel investors and VCs expect it. For established businesses focused on operations and profit, not institutional capital, an LLC is the more flexible and tax-efficient choice.

Question 15

Which state is best for forming a C-Corp?

Accepted Answer

Delaware is the most popular state for C-Corps due to its startup-friendly laws and investor trust. It's ideal if you plan to raise capital or work with US partners.

Question 16

What paperwork does a C-Corp need to maintain?

Accepted Answer

All C-Corporations are required to maintain certain corporate records to stay compliant. At a minimum, this includes the Articles of Incorporation, corporate bylaws, meeting minutes for both the board of directors and shareholders, stock ledger, and annual reports filed with the state. Depending on operations, it should also maintain board resolutions, stock purchase agreements, shareholder agreements, employment and IP assignment agreements, and financial records.

Question 17

Does a C-Corp need bookkeeping?

Accepted Answer

Yes. Bookkeeping is essential for every C-Corp for corporate tax filing and investor reporting to track income and expenses. Neubase offers full bookkeeping support so you always have updated financial records ready for taxes and audits.

Question 18

What are the costs for closing the company?

Accepted Answer

For our subscribers, it is free of charge. We'll handle the paperwork and cover the costs of dissolution. We'll walk you through the necessary steps you need to take and cover the expenses of closing your company.

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