Digital Solutions for Setting Up a U.S. Entity
Setting up a business in the United States can be a complex and time-consuming process, especially for non-residents. However, with the rise of digital solutions, setting up a US entity has become easier and more accessible than ever before. In this article, we'll explore some of the digital solutions available for setting up a US entity, and how they can help streamline the process.
Before all that let me introduce myself and clarify that: My name is Ugur, I am not a tax expert, or a notarized representative in any state, I was fortunate enough to have a start-up that helps non-US residents to start and run their companies in the right way, over the last 6 years I worked with thousands of entrepreneurs from 70+ countries, I believe I’m the one who has the highest experience and expertise when it comes to running a business in the US as a non-American.
So let’s get to the topic:
Online Incorporation Services
One of the most popular digital solutions for setting up a US entity is online incorporation services. These services provide a streamlined process for incorporating a business in the United States. They typically offer packages that include everything from registering your business with the state to obtaining a tax ID number and creating a business bank account.
Some popular online incorporation services include LegalZoom, IncFile, and Rocket Lawyer. These services provide a user-friendly interface, making it easy for non-residents to incorporate their business in the United States from anywhere in the world.
The only issue and downside are, they are mainly prepared for the US-Residents aka SSN owners, however as a non-resident when you can’t have SSN your only option is to get an ITIN which the substitute for SSN and is only made for people who can’t get SSN.
Today’s existing incorporation services above unfortunately ignore the need of the non-resident and don’t provide ITIN, which results in non-residents not completely being able to set up the payment providers like Stripe and PayPal or simply file taxes.
Virtual Mailbox Services
Another digital solution for setting up a US entity is virtual mailbox services. These services provide a physical mailing address for your business, which is especially important for non-residents who may not have a physical presence in the United States.
Virtual mailbox services allow you to receive mail and packages at a physical address, which can be scanned and forwarded to you electronically. This can be especially useful for receiving important legal documents or mail from the Internal Revenue Service (IRS).
Mainly the business incorporators who setups your business will be providing the registered agent address, which will be the business address you simply can use as a virtual mailbox, however, if you need an additional dedicated mailbox some popular virtual mailbox services include VirtualPostMail, Anytime Mailbox, and Earth Class Mail.
Online Payment Solutions
When setting up a US entity, it's important to have a reliable and secure payment solution in place. There are several digital solutions available for accepting payments in the United States, including PayPal, Stripe, and Square, Zelle.
These online payment solutions offer a seamless way to accept payments from customers, whether you're selling products or services. They also provide features such as invoicing and payment tracking, which can help streamline your business operations.
Cloud-Based Accounting Software
Accounting can be a complex and time-consuming task for any business, but it can be especially challenging for non-residents setting up a US entity. Cloud-based accounting software can help simplify this process by providing a user-friendly interface for managing your finances.
Some popular cloud-based accounting software options include QuickBooks, Xero, and Wave. These solutions offer features such as invoicing, expense tracking, and financial reporting, which can help you keep track of your business finances and ensure compliance with US tax laws.
If you don’t use some of the accounting services above, it’s also not the end of the world, many small business owners, who are just starting keep their accounting on a simple xl sheet, when the calendar year is over, the payment providers and the banking will simply be providing all the numbers as you need to file your taxes.
Online Legal Services
Finally, online legal services can be a valuable digital solution for setting up a US entity. These services provide a cost-effective way to access legal advice and support, without the need for a physical presence in the United States.
Some popular online legal services include LegalZoom, Rocket Lawyer, and Avvo. These services provide access to licensed attorneys who can help you navigate the legal complexities of setting up a US entity.
If you’re a non-resident, make sure you follow up until the end of the article, because we have the best option.
Conclusion
Setting up a US entity can be a daunting task, but with the help of digital solutions, it's become easier and more accessible than ever before. Whether you're incorporating your business, managing your finances, or seeking legal advice, there is a range of digital solutions available to help streamline the process.
If you’re a non-resident since I’m the one who understands you the most, who’s been in your path years ago we have the ultimate US formation including ITIN
Without BS simply TheITIN is:
- By far the most affordable option. (Save over $300 when it’s compared with other cheapest option)
- By far the most comprehensive option with everything needed (You’re covered, the most important tax ID substitute of SSN aka ITIN number is included in the pricing)
- By far the simplest and the smoothest process. (Don’t deal or be confused with legal steps, everything is as easy as ordering food online.)
- 100% focused on the non-US, helping from scratch until you actually get paid and operational. (After the formation, your US banking, setting payment providers PayPal and Stripe, or selling platform Amazon you get a free guidance and help)
- 100% remote process with only the simple requirement of proper passport scan. (Unlike any others don’t ship any single document to anywhere.)
For more information and launch your dream business:
TheITIN has helped many Markavo® users - it’s recognized and recommended!
If you have made it this far, take $50 off your TheITIN order by using coupon code MARKAVO50.
Best of luck on everyone’s entrepreneurial journey!
Owner of the TheITIN
Mar. 19, 2024