Why is setting up a company in the USA a good idea? – The world of thinking

Compared to other countries, the United States is a dream destination for many, and although we insist on denying it, having an American company is a great letter of introduction that will open more doors for us than if it were located in another country.

the Limited liability companies are one of the most popular corporate forms in the country, Because it combines the limited liability of its members in relation to business obligations with favorable tax conditions and simplicity in administrative procedures. All this without mentioning it LLC owners may not reside in the United States and may be established remotelyWithout the need to travel.

What are the advantages of opening an LLC in the United States?

• Access to one of the largest consumer markets in the world.
• Very simple constitution.
• Non-US resident members are not required to pay taxes as long as they do not conduct business in the country. Not doing business means, for example, not having any physical facility.
• A US-based company inspires greater confidence than one based in a tax haven.
• Access to the US Banking System Many business transactions are conducted through US banks, so having a company and bank account in the country can save you various operating costs.
• There is no minimum capital required to establish a company.
• You may have the opportunity to receive tax incentives from the states, and this is something to evaluate and analyze! Because the economic measures, facilities and assistance promoted by provinces and states can be of great benefit to your business.
• Tax flexibility. There is freedom of choice as to how the company is taxed.
• Privacy protection. Depending on the state in which the LLC is registered, there may be no public records showing the identity of its owners.
• If you are thinking about an internationalization project for your business, this is the perfect place to create it!

Florida case

If you have to highlight A particularly attractive place to start a business in the United States would be Florida, especially the city of Miami. However, we must not forget the states of Nevada and Delaware, which are also very popular for incorporating companies due to their tax advantages for entrepreneurs.

In the case of LLCs in Florida, Its main advantages are that you can set up a company in a few days and not have to file state taxes. Which led to a reduction in the cost structure. At this point, it is necessary to refer to the tax system in the United States, which can be federal (the same throughout the country) or state (each state creates its own system). Florida is one of the few states in the country that does not impose a so-called income tax.

Aside from these two benefits of starting a business in Florida, it should be noted that, e.g. In Miami, the majority of the population speaks Spanish, so, although English is important in the business world, it will not be very necessary. In addition, this southern city is considered the “Gateway to the Americas”, that is, it serves as an outlet to the US and Latin American markets.

Ninette Vilma is the Director of Tax & ProHe is an experienced consultant in the field of business, accounting and taxes, and specializes in providing advice to clients from scratch and helping them successfully establish and start their businesses in the United States of America. She is registered with the IRS as a tax professional, an IRS Certified Agent (Certified Admissions Agent) and a Notary Public for the State of Florida.

If you liked the note and want to see more content from Ninett Vielma, enjoy her recent talk “LLC OR CORPORACION, WHICH ENTITY SHOULD I REGISTER?” a jobalso click here.