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- Formation
- Process & Timeline
- EIN
- Non-Resident
CorpWizards offers company formation in the states of Delaware and Wyoming. These states are tax-friendly, low cost, efficient, and welcoming to foreign business owners.
You don’t need to be in the United States at any step. You may set up a company completely remotely through CorpWizards platform.
If you are a startup aiming to receive an investment, C Corporation is a great choice. C Corporations are ideal for businesses seeking to raise money from angel investors or venture capital firms.
If you are an e-commerce owner, online service provider, or freelancer, forming an LLC is a great choice for new businesses. LLCs offer limited liability for founders, simple structure, and ease of management.
If you own a startup business, Delaware is a great choice, it offers complete privacy for its owners and it is encouraged among investors. On the other hand, if you are an e-commerce owner or a freelancer, Wyoming offers lower taxes.
LLC owners are called members. Each member owns a percentage in the business.
Single-member LLC is an LLC with just one owner. A Single-Member LLC can be owned by an individual person, or it can be owned by an existing company.
Multi-Member LLC is an LLC that has 2 or more Members.
Members and membership percentages are handled internally with the Operating Agreement.
The time it takes to form a company can vary depending on factors such as the state of formation and the type of business structure. Typically, it can take anywhere from a few days to several weeks.
The documents required may vary depending on the type of business structure you choose. Generally, you will need to provide information such as the business name, business address, names of owners or members, and details about the business activities.
EIN is stands for the Employer Identification Number; the tax number of the company issued by the IRS. EIN is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to business entities operating in the United States for the purposes of identification. EIN allows the IRS to identify taxpayers and keep track of your company’s tax reporting.
You can apply for your EIN as soon as you receive your Company formation documents from the State.
If you have an SSN, current IRS processing times, then you can get your EIN confirmation letter in a day.
Current IRS processing times show that if the responsible party doesn’t have an SSN then the expected time to get the EIN confirmation letter is around 2-4 weeks.
No, the IRS does not authorize the use of someone else’s SSN to obtain EINs. The individual which the IRS will call the “responsible party,” controls or manages its funds and assets.
You should only use an SSN if that person is a member of the company.
You don’t need an SSN to open a company. However, If have an SSN, it will speed up the EIN process by a lot.
SSNs are administered by the Department of Social Security so we cannot help you get an SSN.
However, we can still get your EIN for your business! You may think of your EIN as your “tax number for your company.”
Yes, Corp Wizards assists both US and non-US residents in forming companies in the US. Our services are tailored to meet the specific needs and requirements of non-resident clients.
No, non-residents do not need a US SSN or ITIN to form a company in the US. CorpWizards can assist non-residents in obtaining an Employer Identification Number (EIN) for their business entity.
Non-residents may be subject to certain tax implications when forming a company in the US, such as federal income tax on US-sourced income and state-level taxes. Corp Wizards can provide general guidance on tax matters but recommends consulting with a tax professional for personalized advice based on individual circumstances.
Yes, non-resident owners or members can typically manage their US-based company remotely. However, it’s important to ensure compliance with any legal and regulatory requirements, such as appointing a registered agent and maintaining accurate business records. Corp Wizards can assist non-residents in fulfilling these obligations.
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