What Are the Basic Requirements to Start a US Company?« Back to Previous Page

Setting up a US company is relatively straightforward, and unlike many countries, you don’t need to be a US citizen or resident to own one.

Here are the basic requirements:

• Choose a business entity. Most foreign entrepreneurs register either an LLC or a C Corporation, depending on their business goals.
• Select a state for incorporation. Delaware, Wyoming, and Florida are among the most popular choices because of their business-friendly regulations.
• Appoint a registered agent. Every US company must have a registered agent with a physical address in the state of formation to receive legal and government documents.
• Prepare the formation documents. You’ll need to file the required incorporation or organization documents with the state.
• Obtain an EIN (Employer Identification Number). An EIN, issued by the IRS, is required for taxes, opening a business bank account, hiring employees, and many other business activities.
• Maintain ongoing compliance. Most states require annual reports, franchise taxes, or other recurring filings to keep the company in good standing.

One advantage for foreign founders is that there is generally no US residency or citizenship requirement to form and own a US company. In many cases, you can complete the entire incorporation process remotely.

However, forming the company is only the first step. Depending on your business activities, you may also need to consider tax filing obligations, business licenses, banking, and ongoing compliance requirements to keep your company compliant.