ITIN or Tax Identification Number for natural persons
WHAT IS AN ITIN?
If you have to pay your taxes in the USA and you are a foreigner, the IRS grants a TAX ID (ITIN or Individual Tax Identification Number) to people who require to have a United States Taxpayer Identification Number and are not eligible to obtain a Tax Number Social Security (SSN).
The ITIN is issued regardless of your immigration status, whether you are a resident, a non-resident or a foreigner, so that they can file their tax returns and payment responsibilities.
WHAT IS THE ITIN FOR?
ITINs are issued by the IRS solely for filing applicable taxes and are not intended for any other purpose. An ITIN does not authorize work in the United States. ITINs do not replace an SSN.
The IRS grants them to help people comply with United States tax laws, provides a means to efficiently process and account for the tax returns and payments of those who are not eligible for Social Security Numbers.
It will serve you to open bank accounts, payment gateways such as Stripe or PayPal.
Create a company in the United States as a foreigner!
We help you avoid making mistakes that can later cost you dearly. We accompany thousands of entrepreneurs and businessmen to register their company in the United States, both LLc or Corp, whether in Florida, Delaware or another state, even off-shore companies.
Accounting Advice / New Companies
Company Name Verification
Preparation of Articles of Organization
Legal and Fiscal Address in USA. Virtual office
Assistance from a Business Specialist
Registered Agent for one year FREE
Federal Tax Number
Registration of Documents with the State
One-off rates - No hidden costs
We are fast and you can call us at any time to get information about your registration.
What is an LLC or Limited Liability Company?
This legal form brings together some of the best characteristics of associations and corporations.
Forming an LLC is a great option for entrepreneurs who want to formalize their businesses and gain credibility. It is also ideal for those who want to buy a property and protect their investment, especially if they are foreigners, to avoid tax withholdings.
Responsibilities of an LLC
The liability of an LLc affects only its equity, not that of the owners, who are generally not responsible for business debts. In its default tax status, an LLC does not pay taxes on its profits, both income and losses are passed directly to the owners, thus saving taxes and double taxation, then the owner will report that income on his personal tax return.
Advantages and Disadvantages of Creating an LLC
LLC Advantages
Under the default tax classification, an LLC is considered a pass-through tax entity, profits are taxed at the owner level, not at the LLC level (no double taxation).
An LLC can choose to be treated as a sole proprietorship, partnership, S-Corp, or C-Corp, providing a lot of flexibility.
LLCs have much less administrative paperwork and record keeping.
LLCs provide protection to owners over business debt liabilities.
There are no restrictions on who can own the company, foreigners and other companies can own, this figure being the IDEAL for entrepreneurs or foreign investors.
LLC Disadvantages
Unlike a C-Corp, an LLC generally does not have a board of directors comprised/composed of a president, vice president, secretary, treasurer, or directors, but is comprised/composed only of managers and members.
The LLC cannot issue “stoke options” (common shares or preferred shares) to potential investors, which limits the LLC’s ability to raise capital.
FAQ about creating an LLC or CORP in the USA
If you have any questions about registering an LLC, please give us a call or email us.
Can you create a company in the USA as a foreigner?
Yes, foreigners and other companies can own it. We can have your corporation or LLC formed within 4-5 business days so you can start your business. Purchase of real estate or franchise.
Can it be created without being present?
Yes, creating an LLC can be done remotely. We will generate all the documentation for you, obtaining the number of taxes granted by the federal government.
Opening of bank accounts
Our relationships with banking and financial institutions offer our clients the possibility of opening bank accounts efficiently, complying with strict international banking regulations.
It required?
To form the company we need:
- Choose the name.
- Scanning of passports and / or visas of the partners (it is recommended at least 2 partners)
- Indication of percentages that each partner will have.
- Legal address in USA (you can use our virtual office)
FURTHER/MORE
- You do not have to immediately start operating your business.
- Once created, the LLC can be closed at any time.
- Federal tax returns are not filed with the IRS until next year.
- You don’t have to hire employees.
- An LLC can be created with a single owner
Create an LLC or a Corp?
We have the experience to help you determine the best business structure for your needs. Ask us.
In what State to join?
According to your specific circumstances, we can define the State that best suits the opening of your company. Delaware, Florida, choosing the best option with you.
Minimization of taxes using the Company / LLC
Forming the right company requires leveraging and managing the tax benefits in your favor. Our services will ensure that you achieve this through the lowest possible tax exposure.
Payroll System Salaries
For payroll. We will guide you on how to properly set up payroll and comply with all matters related to payroll compliance with the IRS and the state.