ISO 9001:2015 CERTIFIED
HOW TO START
A BUSINESS
IN USA
Our goal is to provide you with a complete counseling.
We will inform you about:
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Requirements
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Licences
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Procedures
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Visas etc.
As well as guidance on how to boost your business in the United States.
If you want to start a business call us, at Garcia Barrett Tax Consulting we have over 30 years of experience in bi-national business consulting (USA-MEX) to help you establish your company. Always working to provide you with excellent service.
In the United States there is a wide variety of business models that allow flexibility in the structure and how the company manages its business. This agility is perhaps the key to the creation of approximately 543,000 new companies each month in this country and why the SBA (Small Business Administration) defines a small business as a company with less than 500 employees.
Considering these parameters, it is estimated that in the United States more than 50% of the working population (120 million people) works in a small business, since these small businesses have generated more than 65% of the new jobs since 1995.
FREQUENT
ANSWER
QUESTIONS
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Some frequently asked questions are:
Is American citizenship or residence necessary?
No, they are not prerequisites for starting a business in the United States, or opening branches of an existing one outside the United States.
Businesses must be created and registered at the state level, i.e. the process is not the responsibility of the federal government but of each of the 50 states that make up the nation. The process may vary according to the particularities of each state's legislation, but in general, for non-citizens or residents, it consists of the same steps.
What are the types of Business Entity?
There are four general types of companies, each of which may contain different variations:
Sole proprietorship
It has few requirements. The owner assumes full financial and operational responsibility. The person's assets are directly linked to those of the company, so the owner assumes all risks without any limitation.
Corporation
They are independent entities from their owners. The owners (shareholders) are protected from the obligations and responsibilities generated by the company. At the tax level there are two types "S" and "C" Taxes of type C are the responsibility of the companies and, after the distribution of profits, at the level of the shareholder. S-type companies do not have tax obligations, but these are the sole responsibility of the shareholders.
Limited Liability Company
It's a combination of a corporation and a limited partnership. The owners control shares of stock and their responsibility for the operations of the company is lowered to their level of investment. Taxes are the individual responsibility of the shareholders
Partnership
Formed by two people or entities to own and manage the company. The partners share profits, losses and the management of the company. Taxes are the individual responsibility of the partners. There are two other types of companies, - Limited, where some partners have unlimited liability and others limited, and Limited Liability, where the partners are protected in cases of negligence of other partners.