U.S. Company Registration

A: Yes, the cost is 4200, and the processing time is about half a year.

A: You do not need to provide a bank account, only the certificate of incorporation and director’s documents can be provided

A: There are no special requirements, if the Vietnamese file is in Vietnamese, you need to mark the company name, registration number, and address clearly, and translate into English, the cost remains the same, no notarization is required

A: Visa and registration or account opening are different businesses, travel visa business is not affected by registration or account opening, different visa types have different requirements, depending on whether the customer meets the relevant conditions.

A: California registration fees include reporting fees, annual maintenance after registration requires annual audit and zero filing, California annual state tax is $800.

A: It depends on the relevant regulations of both banks.

A: Which state registered in which the state’s official website platform inquiries, you can generally check the company’s general information

A: Shareholder information is not disclosed in all states. Director information is reflected in most states, but only the phonetic spelling of the director’s name is reflected, except for Delaware, which does not display shareholder and director information.

A: If it is a L1 work visa, the company must have been operating in the U.S. for at least 1 year before you can apply.

A: Upon enquiry, the current company status is not normal, you need to restore the company status first, and then directly handle the cancellation, restore the business quoted 4800 yuan, the cancellation of business quoted 3800. (No need to make up the annual audit and tax return)

A: If there is no business to do zero return, no state tax money

A: Yes, the law requires a registered agent

A: The company name must include any of the following identifiers: “Corporation”, “Incorporated”, “Association “, “Company”, “Club”, “Foundation”, ” Fund”, “Institute”, “Society”, “Union”. “Syndicate”, “Limited”, “Corp. “, Co.”, or “Ltd.”

A: Generally about 10 working days

1、Improve corporate image
 The United States has the most developed market mechanism and the largest consumer market in the world. Registering a company in the United States and setting up a basic business entity is a key step for domestic companies to develop the international market.

2. Facilitate international trade
   In today’s world, if a company wants to export products to the United States, it needs to apply for a quota and go through a series of related procedures, which costs one to two times more.

3、Immigration and visa convenience
 It is the dream of many people to immigrate to the U.S., but the high threshold discourages the majority of business people. After establishing a U.S. company, you can apply for an L1 visa in the name of sending executives to operate in the U.S. After holding an L1 visa, you can apply for a green card without excessive requirements or waiting for a quota, which is the fastest way to immigrate to the U.S.

4、Convenient overseas listing
 One of the biggest advantages of registering a U.S. company is that it can be directly listed in the U.S. stock market in the name of U.S. capital, which can quickly raise international capital and reduce the precious time you consume for financing.

5、Convenient procedure, low cost
 No need for the registrant to go to the registered office in person, low incorporation fee, and no capital inspection requirement, no need to pay for the registered capital. The shareholders’ meeting and board of directors’ meeting must be held every year, and the management procedure is simple, so you can lightly load up and devote all your energy to the management of the company.

A C Corporation is the standard type of joint stock company and is a separate and distinct business entity that can open bank accounts, own property, and operate a business with all of its ownership rights in the company’s name. The advantage is that the shareholders of a C corporation are not personally liable for the debts and obligations of the corporation. If the company is sued and declared bankrupt, the owners are not required to use their personal property to pay the company’s debts, and creditors have no right to seek compensation from the company’s shareholders, directors or officers. Also, C corporations are simple to file and more suitable for all out-of-staters who are not U.S. tax residents.

Like a C corporation, an LLC has limited liability for its owners. However, the form of ownership of LLC members is different from that of shareholders of a corporation, as they do not hold stock, but hold a legal interest (interest) in proportion to their investment. LLCs are generally not allowed to go public, and if they need to go public, they need to convert the LLC to a C-Corporation. The shareholders can then file their personal income tax returns, and their income is not subject to double taxation. A Corporation is double taxed, both at the corporate level and at the individual level when paid to the owners. However, since 99% of our clients are Chinese tax residents, there is no difference between LLCs and C corporations in this respect.

An LLP is one of the types of partnership. There are four types of partnerships in the U.S.: General Partnership (GP), Limited Partnership (LP), Limited Liability Partnership (LLP) and Limited Liability Limited Partnership (LLLP); LLP operates under a partnership relationship and is relatively more suitable for professionals such as doctors, lawyers, accountants, and architectural designers. Unlike an LLP, an LLC is generally considered a distinct legal entity that has the right to enter into contracts, hold property, sue and be sued independently. An LLP, on the other hand, signs contracts, holds property, or sues and is sued in the name of the individual partner.

1、Company Name
 The U.S. company name must be in English, and Chinese names are not currently accepted for registration.
 2、Registered Address
 U.S. companies must provide a local U.S. business address as the registered address, which we can provide free of charge.
 3、Proof of director’s identity
 A photocopy or scanned copy of the director’s identity must be a natural person 18 years of age or older. (If there are more than 2 directors, please confirm the distribution of duties.)
 4、Proof of identity of shareholders
 Photocopy or scanned copy of the certificate of shareholders’ identity, which must be a corporate body or a natural person aged 18 or older. (If the number of shareholders is more than 2, please confirm the shareholding ratio.)
 5、Business scope
 (Most of them do not support self-defined scope of business. The states that support self-defined scope of business are: California, New Jersey, Massachusetts, Oregon, Maryland, Kansas, and Washington State can choose from a fixed scope.)
 6、Registered Capital
 Usually the standard share capital is 20,000 shares at $1.00 each. No capital verification is required, and no actual capital contribution is required.
 (Utah standard share capital is 2,000 shares; Delaware standard share capital is 5,000 shares; Nevada is 75,000 shares; Delaware standard share capital is 5,000 shares; Ohio standard share capital is 1,000 shares; Washington, D.C. registered share capital is up to 100,000 shares; Illinois registered share capital is up to 16,666 shares; the above states have special requirements, such as registered capital exceeds (If the registered capital exceeds or is less than the standard registered capital, additional fees may be incurred for registration and annual audit.)

Registration process:
 1、Payment by signing the contract
 2、Customer to provide the company name for name verification
 3、Customer to provide information required for registration
 4、According to the customer information to produce information confirmation sheet
 5、Customer signature, the file back to us
 6、Submit the registration
 7、After the registration is completed, arrange the seal engraving
 8、Deliver the original registration and seal

1、Certificate of Registration (CERTIFICATE OF REGISTRATION)
 2、Federal Tax ID Number (Employer Identification Number abbreviated: EIN) (if the customer has an application only)
 3, information sheet (STATEMENT OF INFORMATION)
 4、Bylaws (BYLAWS)
 5、Minutes of the company’s establishment meeting (MINUTES)
 6、MEMBERSHIP CERTIFICATE
 7, first-class agent certificate (CERTIFICATE OF INCUMBENCY)
 8、Service secretary card (SERVICE CARD)
 9, 1 striped seal + 1 steel seal (SEALS)
 10、Fine file box (DOCUMENT BOX)

Note: The content of the certificate of registration varies from state to state.

1、Washington State, exempt from state income tax, taxation is more favorable, convenient to open Chinese and American accounts, convenient to receive postcards, low cost of registration and maintenance is convenient, annual audit and income tax return can be done annually.

2, California, convenient to open a Chinese American account, convenient to receive postcards, but the maintenance costs are higher than one more 800 U.S. dollars in state taxes, the actual trade of many customers registered in this state, there is a transport port is more convenient.

3, Colorado, advantages: 1, registration fees are low. 2, maintenance is simple, ordinary companies only need to do the basic annual audit. 3, the state income tax rate is low, only 4% more. The disadvantage is: can not open a Chinese account and receive mail, the other are quite good.

4、Wyoming, no state income tax, low registration cost

5, New York State, suitable for the jewelry and clothing industry, high visibility, can open the Hua Mei. Two years to do an annual audit, the later maintenance costs are lower

6, Texas, industrial, chemical industry can be considered, the region in the south, the disadvantage: high maintenance costs

Check with the customer whether it is because the Amazon platform registration account to be used, most likely because the customer wants to register in the local e-commerce platform so there are postcard requirements. At present, it is recommended to register in California, these states support the receipt of letters, our company provides a real business address, there are people in the office, so the postcard can be collected normally, (including California free of charge to receive letters) in fact, the platform generally does not require to get a paper letter, only a series of numbers on the letter, when received, we can let the local colleagues first send you photos, so that can also This can also improve the efficiency of your side of the progress.

No registered company can provide this address proof unless they rent a real address in the local area. We can provide the PS address proof service at 980rmb per copy, but we cannot guarantee that it will pass the platform audit. However, all of our clients who have entrusted us with the process so far have passed the verification. We let the local professional team in the US handle it.

It depends on the customer’s information and the customer’s needs. Usually, customers want to open East West Bank, but if the customer’s information does not meet the requirements, they cannot open.

1、Entity bank: East West Bank (the company must be registered in the states where East West Bank is located, including: California, Washington, Georgia, Massachusetts, New York, Nevada and Texas) (New York, Nevada and Texas)
 Information required to open an account
 Corporate Information + Federal Tax ID EIN
 Director’s passport + ID card
 A form: director/shareholder personal information form and company information form (we provide sample forms, product breakdown, supplier-seller with overseas customers)
 Provide 2 sets of procurement and sales contracts (must be associated with the U.S. business, the purchase and sale contract should have a U.S. supplier or a U.S. customer) and the corresponding invoice / bill of lading, customs declaration (if any); the contract must be carefully checked not to make obvious mistakes; if the company has a website, provide the URL. No website, provide product catalog and price list (quotation: with company letterhead, payment method, delivery period, contact method, company products)
 Domestic company business license + domestic company bank flow for the past 6 months (if any)
 U.S. company bank statements for the last 6 months (if any)

2、Digital Bank: Mercury Bank of America
 Information needed to open an account
 Company information + Federal Tax ID EIN
 Passport, ID (photo) and personal address proof (utility/bank statement)
 KYC form to open an account
 Links to overseas social networking platforms (LinkedIn/Upwork/Twitter/Facebook)

1、Basic tax: i.e., the minimum tax to be paid to the state government regardless of whether there is business or not and whether there is profit or not. At present, the states that explicitly levy basic tax and the amount of basic tax are: California $800; Utah $100; Washington D.C. $800; New Jersey $500; Oregon $150; Massachusetts $456; New York $25; North Carolina $200.

In addition, if the company is not in operation, it is necessary to do tax clearance before the company can be cancelled.

2、The Federal Tax Identification Number (EIN or TIN), also known as Employer Identification Number (EIN), is assigned by the IRS to U.S. companies that have applied for a tax identification number, and is unique and identifiable. It must be provided when opening a bank account and filing taxes after the company is established.

3、Registration means: registering the company in the newspaper to declare its incorporation. According to past registration cases, it is known that New York LLC type companies require six consecutive weeks of newspaper publication after registration.

4、Report: It can be interpreted as a business license certificate issued by the state government. Some states require companies to apply after a certain period of time, otherwise they will accumulate fines. At present, the requirements to do the report of the state: California, Nevada, Iowa, etc. Note: STATE BUSINESS LICENSE is different from CITY BUSINESS LICENSE.

Delaware-specific franchise tax is also called “tax”, but it is actually calculated based on the registered capital of the company and has nothing to do with the actual revenue of the business. The amount of franchise tax levied by a Delaware C corporation is related to the registered capital of the corporation. (For example, a Delaware corporation with 10005 shares of registered capital will be subject to a franchise tax of $335; a Delaware corporation with 100,000 shares of registered capital will be subject to a franchise tax of $1,015.) The Delaware LLC tax is not related to the registered capital and is fixed at $300. Note: Delaware’s franchise tax rules change frequently, so please check with us before doing business.

State corporate income tax is abbreviated as state tax. It is a corporate income tax levied by each state government. It is levied annually at 0-12% of net profits (varies by state), depending on state and county government requirements. Six states are exempt from state tax: Nevada, Washington, Texas, Wyoming, Ohio, and South Dakota. Note: Delaware may apply for a state tax exemption when the conditions are met, but it is not a “tax exempt state”.

Federal & State Taxes The U.S. corporate income tax, as we commonly refer to it, is composed of two parts: the “federal tax” and the “state tax”. The concept of both is similar to the state tax and local tax in mainland China. If the state of incorporation requires a basic tax, or if the business has a tax ID/actual business, it must file a return on an annual basis.

Sales tax is similar to China’s value-added tax. In fact, it is borne by the end-consumer and is collected and paid on behalf of the business that directly addresses the end-consumer. Therefore, sales-based businesses (such as e-commerce) are required to file sales tax returns on a quarterly basis at 0-10% of sales (varying by state). Note: The sales tax rate is based on the territory to which the sale is made, not the place of incorporation. If a customer sells outside the U.S., they do not need to file sales tax returns in the U.S.

1、Washington State, exempt from state income tax, taxation is more favorable, convenient to open a U.S. Bank account, convenient to receive postcards, low cost of registration and easy maintenance, annual audit and income tax filing can be done.
 Washington State, registration fees, application for tax ID fees, opening an account can open a U.S. Bank, annual audit fees + income tax returns

2, California, convenient to open a U.S. account, convenient to receive postcards, but later maintenance costs are higher than an additional $ 800 state tax, the actual trade of many customers registered in this state, there is a transport port is more convenient.
 California, registration fees, application fees for tax ID, open an account can open the East West Bank, annual audit fees + state tax $ 800 + income tax return (zero filing fees), if the customer does not have to open an account when registering, you do not have to apply for a tax ID, wait until the annual audit when the application for a tax ID to pay state tax and zero filing

3, Colorado, 1, registration fees are low, 2, maintenance is simple, ordinary companies only need to do the basic annual audit, 3, the state income tax rate is low, only 4% more. The disadvantage is: can not open a Chinese account and receive mail, the other are quite good.
 Colorado, registration fees, annual audit fees (such as no account opening, etc. do not need to apply for a tax ID, and do not need to file income tax, the basic annual audit can be)

4. Wyoming, free of state income tax, low registration cost. Can not open a Chinese American Bank
   Wyoming, registration fees, annual audit fees (such as no account opening, etc. do not need to apply for a tax ID, and do not need to file income tax returns, the basic annual audit can be)

5, New York State, suitable for the jewelry and clothing industry, high visibility, can open Huamei. Two years to do an annual audit, the maintenance cost is lower
 New York State registration fees, annual audit fees, two years to do an annual audit, but need to do a tax return every year, zero filing fees (including the basic state tax of $ 25) if the customer does not have to open an account when registered without first applying for a tax number, wait until the annual audit when the application for a tax number to pay state taxes and zero returns

There are four general categories of tax filings:
 1. The company is established in a state with a basic tax, but has no business and is required to apply for a federal tax identification number, and must report no business to the IRS (i.e., zero return) and pay basic state taxes;
 2. The company is established in a state with basic taxation and has business that requires a federal tax number and actually reports its corporate income, and the net profits are subject to federal and state taxes at the appropriate rates. If the calculated state tax amount exceeds the basic tax amount, the actual calculated state tax amount will be paid; if it is less than the basic tax amount, the basic tax amount will be paid;
 3. If the company is established in a state without basic tax, it does not need to file a tax return without applying for a federal tax number, and the annual audit can be done according to the requirements;
 4. If the company is established in a state with no basic tax and has applied for a federal tax number, it is recommended to file zero return and pay no tax.
 5. Tax filing cycle
 A. Natural year: until December 31
 B. Annual year: up to the end of the last month of registration (e.g., for companies registered on June 5, up to May 31)

The annual audit includes
 1. renewal of relevant government documents, including the confirmation of directors and shareholders’ information and the management positions of the company.
 2. Registration of the registered address of the company; the annual inspection fee of the U.S. company is mainly composed of government fees, service fees, address usage fees, secretary service fees, etc., and also includes other necessary fees such as courier fees generated by the return mail of the file.

Annual audit: Most states have an annual audit, which is done before the incorporation date each year starting the following year, usually with a grace period of about one month. Failure to do so may result in government fines or irregularities in the company’s status.
 Some states have designated dates or periods for annual audits, frequently registered states such as
 Delaware C Corporation annual audit on March 1, LLC annual audit on June 1;
 Florida annual audit by May 1 each year;
 Texas by May 15 each year;
 New York every two years;
 Pennsylvania every 10 years, etc.

If you do not intend to continue to use, you can cancel the company most states as long as no delinquent annual audit, penalties, taxes can be directly processed for cancellation, convenient and fast.
 There are also some states with special requirements, such as
 California requires tax clearance prior to cancellation, even if you have just filed your taxes last month, you must do the “last return” again before you can do the cancellation;
 2. New York State also requires a final return to be filed and a cancellation permit to be issued;
 3. Delaware must complete the annual audit for the current year (i.e., the annual audit must be completed by March 1 of the following year) before a cancellation can be issued;

U.S. corporate notarization, which consists of five levels of certification, notary public, county, state, federal and embassy.
 We do embassy certification, three levels
 Notary Public – New York State Government – Chinese Consulate in New York
 Time is about 1.5-2 months 4800 RMB per copy (the charter is a separate copy, other documents can be counted as one)

Notarization process for U.S. companies
 1、First, a local notary will notarize the relevant information provided by the U.S. company;
 2、After the notary public has notarized the documents, they will be submitted to the U.S. state government for certification;
 3、After the U.S. state government certification is completed, it will be finally submitted to the Chinese Embassy (Consulate) in the U.S. for countersignature and certification.

U.S. company notary certification required information (the following documents are counted as 2 notarized, need to charge 2 copies of fees)
 1、Certificate of incorporation (business license);
 2、Proof of director’s incumbency (first class agent certificate);
 3、List of directors
 4、Register of shareholders
 5、Articles of Incorporation
 6、Other notarized information (such as board resolutions, power of attorney, etc.).

The MSB license is a financial license issued by the Financial Crimes Enforcement Bureau (FinCEN), an agency of the U.S. Department of the Treasury. The full name of the license is Money Services Business, which mainly regulates money service related businesses and companies, including digital currency, virtual currency trading, ICO issuance, and foreign exchange, remittance, and other businesses. Companies engaged in these related businesses in the United States must apply for an MSB license in order to operate legally.

There are many benefits to applying for a U.S. MSB license, which is one of the important compliance documents for blockchain projects and exchanges. It is equivalent to a license to operate. Obtaining a U.S. MSB license means that FireCoin can reasonably conduct business in most U.S. states. This is the reason why major exchanges are applying for licenses one after another.

MSB license is a very wide range of licenses, it is a mainstream license, can also be said to be a basic license. Whether you are engaged in blockchain, foreign exchange, futures, payments, finance, etc., you can use the U.S. MSB license.

Companies engaged in money services related business in the United States must apply for an MSB license in order to operate legally. Therefore, there are many companies with this license, and this license can be considered a basic threshold.

The role of MSB license:
 1、Can legally start coin trading business
 2. Increase the reputation of the exchange and give investors more confidence.
 3. To prove that the exchange is operating legally and in compliance

What is the gold content of MSB?

MSB has been advertised as a “high class” license qualification, we analyze its gold content in terms of application difficulty and regulatory strength.
 In terms of application difficulty, MSB license is a license that can be obtained by paying money (the application threshold is relatively low).
 Because MSB is a registered license, it is only a necessary but not sufficient condition to conduct digital asset trading business in compliance with the U.S. territory, and it is a license that must be applied for by all companies engaged in money services related business.
 As mentioned above, MSB is a very basic threshold, so the application is relatively simple, according to official data, the number of MSB licenses has already exceeded 60,000.

The most important thing that makes the MSB license mainstream is that it is the least expensive, shortest, and simplest of all license types to process.

In terms of regulatory efforts, the MSB’s requirements are also less stringent. The MSB’s main scope of regulation is to observe whether it is in compliance with anti-money laundering and terrorist financing, and does not regulate foreign exchange margin transactions, nor does it focus on protecting the interests of consumers.

U.S. MSB license application requirements: Own a U.S. company
 Fee: $12,800
 Required Documents: Certificate of Incorporation + Directors’ Documents (Passport)
 Processing time: about 1 month

Fee $3800 Required information:
 1、Certificate of incorporation, tax ID number, director information
 2、Company specific products
 3、Address and telephone number of the person in charge of the company
 4、Company phone number
 5, whether the company’s address is a registered address, if not, please provide a new address
 6, the company a cooperative supplier information (name, address, phone)
 Note: Most states file quarterly sales tax returns, and some states file monthly;

In the United States, almost all states and many cities impose some type of sales tax. Some of the states that do not have a sales tax are Alaska, Delaware, Montana, New Hampshire and Oregon. Generally speaking, sales tax is a tax on the sale of products and goods. If you only provide services to your customers, you will generally not be subject to sales tax. The vast majority of states do not tax services.
 Therefore, whenever you sell goods, you will need a sales permit (also known as a wholesale license, re-sale permit, sales tax certificate, or retail license). A sales permit grants you both wholesale and retail status, and it is illegal to operate without a permit.

U.S. corporate notarization, which consists of five levels of certification, notary public, county, state, federal and embassy.
 We do embassy certification, three levels
 Notary Public – New York State Government – Chinese Consulate in New York
 Time is about 1.5-2 months 4800 RMB per copy (the charter is a separate copy, other documents can be counted as one)

Notarization process for U.S. companies
 1、First, a local notary will notarize the relevant information provided by the U.S. company;
 2、After the notary public has notarized the documents, they will be submitted to the U.S. state government for certification;
 3、After the U.S. state government certification is completed, it will be finally submitted to the Chinese Embassy (Consulate) in the U.S. for countersigning and certification.

U.S. company notary certification required information (the following documents are counted as 2 notarized, need to charge 2 copies of fees)
 1、Certificate of incorporation (business license);
 2、Proof of director’s incumbency (first class agent certificate);
 3、List of directors
 4、Register of shareholders
 5、Articles of Incorporation
 6、Other notarized information (such as board resolutions, power of attorney, etc.).

Q: The client is doing the US Amazon e-commerce platform, and the client wants to be concerned about the tax filing of the later operation, about how much tax filing fee is needed.

1, customs declaration this to find a freight forwarding company to do customs clearance business they have on behalf of the declaration. The customs and accountancy firm can not report on behalf of the.
 2, the United States no value-added tax, only sales tax.
 3, if the customer according to their own sales situation (registered U.S. companies purely to do e-commerce) to consult our tax preparation business:
 ①The cost of the bookkeeping part is based on the customer’s monthly bank flow line to quote
 ②Tax return part of the corporate income tax return service (required every year), according to the state of incorporation in order to make a quote, our service fee is generally charged at about $600-1000.
 ③If the customer’s sales reach a certain level (basically almost 100,000 U.S. dollars sales or 200 orders as the threshold), you need to apply for a sales permit (i.e., sales tax account) and submit a sales tax form to the eligible state, which is the seller’s obligation, Amazon.com platform only provides sales tax services on behalf of the collection and payment, we can provide sales permit processing, sales tax filing services ( We can provide sales permit processing and sales tax filing services (sales tax filing can only be confirmed after the government approves the application for a sales permit, which is generally more common on a monthly or quarterly basis)