To register a company in the USA, you don’t need to provide personal documentation, just your full name, phone number, email, and physical address. However, you will need a valid passport for the mandatory Beneficial Ownership Information Reporting form (BOI).
BOI stands for Beneficial Ownership Information Reporting. It is a mandatory form introduced by the Financial Crimes Enforcement Network (FinCEN) on January 1, 2024. The BOI gathers information about the company, its beneficial owners, and applicants to prevent financial crimes, enhance transparency, and ensure the system’s integrity.
Globalfy is not able to open bank accounts or provide business services to residents from Afghanistan, Belarus, Burundi, the Central African Republic, Congo, the Democratic Republic of the Congo, Cuba, Iran, Iraq, North Korea, Lebanon, Liberia, Libya, Nepal, Nicaragua, Russia, Somalia, South Sudan, Sudan, Syria, Yemen, United Arab Emirates, Pakistan or Zimbabwe.
LLC stands for Limited Liability Company. This legal entity helps protect your personal finances from potential issues or lawsuits against your business while avoiding double taxation. By creating an LLC, you only need to pay taxes as an individual, not at the company level.
The C Corp is a more formal structure that follows some specific regulations such as adopting bylaws, holding frequent shareholders meetings, and issuing stocks. In addition, it is subject to state and federal taxes at the company level, plus shareholders taxation in case of profits distribution.
• Online businesses: You don’t need a license to provide digital services in the US.
• E-commerce: Depending on the State your business is registered in or where your inventory is, you will need a Sales Tax Registration to operate in that state. Globalfy can help you with that.
Choosing the State based on your preferences and the business’ particularities is essential. For example, Wyoming offers the fastest formation and is one of the most affordable states. On the other hand, Florida’s usually the favorite State for Latinos, despite being more expensive than Wyoming.
The time required to register your company varies depending on the state you choose. It is also necessary to take into account the EIN processing time by the IRS (Internal Revenue Service). This process usually takes around 25 business days for entrepreneurs who do not have an SSN or ITIN.
Check below the deadline for the best states to open your company:
Yes! Your company must be registered in a US state, but may operate throughout the entire country!
We offer LLC and Corp formations in Wyoming, Florida, Delaware, Texas and New Mexico. We are specialized on E-commerce and Online Services companies, such as D2C or B2C Brands, Dropshipping, Software, Technology, Marketing, and Digital products. technology service providers, marketing, freelancers, online services, and digital products.
Orlando, FL. Where our offices, mailroom, and warehouse are located.
We accept Mastercard, Visa, American Express, and Diners credit and debit cards. Cards from outside the US must be able to do international transactions. If you’d like to pay by PayPal or wire transfer, please get in touch with us.
2023 All Rights Reserved © Globalfy, LLC
The information offered on this site may not be considered legal advice, but information in the public domain.
Globalfy is a financial technology company and is not a bank. Banking services provided by Blue Ridge Bank N.A; Member FDIC. The Globalfy Visa® Debit Card is issued by Blue Ridge Bank N.A. pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. Your funds are insured up to $250,000 through Blue Ridge Bank, N.A.; Member FDIC.