Part 2 of 3.
Hello and welcome back to the second part in this series, where we explain step by step how to start a business in the U.S.
If you have not seen the first part please go to our channel and you will find it there. 👉 • How to Start a Busines...
Also visit our website and download our free ebook 👉www.usa-corpor...
In this second part of our series on setting up a US company as a non-resident, we're going to delve into the practical aspects of the planning stage.
Such as entity types (see our excerpt below), a closer look on options where to incorporate etc.
A Business Corporation, also known as a company limited by shares, is a legal entity separate from its owners, the shareholders. This separation provides the shareholders with limited liability, meaning their personal assets are protected from any losses the corporation may incur.
An LLC is a flexible form of enterprise that combines the limited liability of a corporation with the tax benefits and operational flexibility of a partnership. Owners of an LLC, known as members, may include individuals, corporations, other LLCs, and foreign entities.
One of the key advantages of an LLC is the pass-through taxation. Unlike corporations, LLCs are not subject to double taxation unless they choose to be treated as a corporation for tax purposes. The profits and losses pass through to the members who report them on their personal income tax returns.
👉 More on entity types here: www.usa-corpor...
👉 We are also discussing the BE-13 Survey and have a dedicated video for this in our channel: • The BE 13 survey. Wha... and more details on our website www.usa-corpor...
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