Every year, thousands of entrepreneurs from India apply for business-related visas with the United States Citizenship and Immigration Services (USCIS). As long as a foreign investor meets the applicable legal requirements, it is possible to register a US company without a green card.
In this article, you will discover the steps to register a company in the USA as an Indian.
How an Indian Can Register a Company in USA? – Full Walkthrough
Selecting an Ideal State
America has fifty states, which means foreign entrepreneurs from India have numerous options of profitable locations to form a business. While federal laws apply to all states, each state has specific statutory rules on business formation.
Some states may be more business-friendly than others. For example, Florida offers fertile soil for foreign entrepreneurs willing to work hard and abide by state laws.
Another aspect of state selection is the quality of banking services. Depending on the state, the banks may have more experience dealing with foreign clients.
Choosing a Business Entity
Once an Indian investor has chosen the state to form a company in the United States, the next step is to choose a business entity. Different business entities have distinct advantages and disadvantages associated with them, especially when it comes to tax implications.
If the investor plans to establish a subsidiary of an Indian company, it may require a specific strategy. Conversely, a new company formed solely for marketing and brand-building purposes may require another strategy.
Ultimately, the best approach is to rely on the guidance of an experienced business attorney to identify whether a corporation, limited liability corporation (LLC), partnership, or sole proprietorship is the appropriate choice.
Appointing a Registered Agent
Registering a company in the United States requires the designation of a registered agent. This individual or entity must handle “service of process” on the company’s behalf, including lawsuits, subpoenas, etc.
A registered agent must have a physical address in the state where the Indian investor is registering the new company. Other helpful tasks handled by registered agents include:
- Scanning documents and emailing them
- Sending physical documents via international mail (if applicable)
- Check whether a certain business name is available in the chosen state
Obtaining an Employer Identification Number
Also referred to as the “Tax ID Number,” the Employer Identification Number (EIN) is a number provided by the Internal Revenue Service (IRS) to identify different businesses for tax purposes.
The IRS uses this unique nine-digit number to track the tax reporting history of companies and verify whether it is compliant with federal tax laws. After obtaining the EIN, Indian investors can open a US bank account.
Opening a business account in a US bank as a non-resident entrepreneur is often the most challenging step of registering a foreign-owned company. An expert business attorney can help prospective entrepreneurs from India guarantee a successful outcome.
Do You Want to Register a Company in USA as a National Of India? – Waste No Time with Uncertainty
A well-versed legal advisor in US business law, Attorney Romy B. Jurado willingly wants to help you succeed. Contact us today by calling (305) 921-0976 or emailing [email protected] to schedule a consultation.