Starting a remote company in the USA can be done easily. What makes a difference is trust, communication, and support throughout the process. Both, formation and running, depending on your needs.
With the right match by your side, you’ll feel more confident and stress-less while stepping into the global market.
What Every LLC Needs
There are several steps you’ll need to take to start a US LLC, all of which are critical for your business to run smoothly. Here’s what you’ll need:
Incorporation
The initial stage of creating an LLC. This procedure entails registering your company with a US state; Delaware or Wyoming are popular choices because of their business-friendly laws. By granting your company legal status through incorporation, you may do business, sign contracts, and shield your personal assets from debts incurred by the company.
(By the way, our go to option and recommendation is Wyoming.)
EIN (Employer Identification Number)
For your company, an EIN is comparable to a Social Security number.
It is issued by the IRS and is necessary for creating a company bank account, recruiting staff, and filing taxes. Even if you don’t have employees, an EIN is essential for separating your personal and business finances.
Bank Account
To properly manage your business funds, you must have a US bank account. It makes bookkeeping easier and enables you to pay US-based vendors and receive payments in USD.
Also, a US bank account fosters confidence with clients and business associates who favor doing business with US-based companies.
BOI Filing (Beneficial Ownership Information)
Providing information about the people who own or manage your LLC is a requirement of the BOI filing process. It is necessary to comply with US rules about money laundering prevention and legal responsibility to implement this transparency strategy.
Annual Report
The majority of states require that LLCs submit an annual report that informs the state of the state of your company. Typically, this report contains details about your members, address, and business operations. Your LLC avoids penalties and maintains good standing by filing an annual report.
Learn more about the Annual report from our dedicated article.
Tax Return
Your LLC is required to submit a US tax return even if you are not resident in the US. Depending on how your LLC is taxed (as a corporation or a partnership, for example), the kind of return will vary. Ensuring accurate tax filing helps you stay out of trouble and save a lot of money in penalties.
US LLC formation with Stripe Atlas
Stripe Atlas is a platform designed to help entrepreneurs around the world start a US-based company. Launched by Stripe, a leading technology company specializing in online payment processing, Stripe Atlas provides a process for incorporating a business in the United States.
With its services, Stripe just incorporates your company and leaves you to handle the rest. Also, the business formation is set up only in Delaware, which means that you’ll need to pay a $300 franchise tax each year even if your company has zero transactions.
The registered agent fee is $100 which is more expensive than many other places.
Comparing Stripe Atlas vs Northwest will give you a clearer vision of which service is more suitable for your needs.
US LLC formation with Northwest Agents
Northwest Agents are just registered agents that provide some services for the LLC, but nothing related to taxes. They will file for incorporation, file your annual returns, and your BOI reports.
That’s all they do. For bookkeeping and tax filing you have to reach out to someone else at an additional price.
In the beginning, they will charge you a very low fee for starting your company, but the charges rise from year two.
Stripe Atlas vs Northwest Agents
Neubase: Alternative for Stripe Atlas and Northwest Agents
After comparing Stripe Atlas vs Northwest Agents, let’s see how Neubase can be the perfect alternative.
Neubase focuses on a specific market, which is mostly non-US entrepreneurs. This enables us to customize our offerings to your unique requirements and cultural settings. In contrary to rivals that impose greater fees on overseas clients because of US tax and accounting regulations, we provide more affordable options. Our services are more reasonably priced without sacrificing quality, as our pricing takes into account our overseas clients’ less complicated tax needs.
People in our region are used to being let down by various institutions, and we recognize the importance of building and maintaining trust. Even about well-established firms, we run into skepticism during our free consultations. As a result, we give openness and honesty with our clients top priority. We firmly think that our deeds and continued assistance should win your trust.
In order to better serve this population, we provide a unique product/service package that is suited to their requirements and places a strong focus on practical assistance and cultural awareness.
With Neubase, you’re getting more than simply a service provider—you’re getting a partner who is committed to your success and who recognizes the particular difficulties you face.
Our Services
We are aware that setting up a business overseas involves complying with local laws and regulations. We are dedicated to supporting you throughout your company journey, not just at the beginning. The solid basis of our services: is to be both thorough and helpful, so you’re never left to deal with difficulties on your own.
The Neubase Process
Explore the differences and see how Neubase stands out in the competitive landscape of US LLC formation.
Conclusion
Knowing your unique needs is key to selecting the best service provider for your non-US resident US LLC creation.
Although Stripe Atlas streamlines the incorporation process, you are still responsible for numerous ongoing tasks. Although Northwest Agents offer vital services, their assistance is scarce and their fees are rising.
Neubase stands out by emphasizing non-US businesses, providing unlimited support by our team of professionals, and delivering transparent, cost-effective services that place a high value on establishing trust.
The best service for your LLC adventure is one that comprehends your business goals as well as the particular difficulties you face.
Grab your free ‘1-on-1’ 15-minute consultation with Petar.
