12 steps to incorporating in USA in 2024
To minimize business set up costs in America, business owners implement the following strategies:
- Prior to commencing the incorporation process, our Client i) settles Healy Consultants’ US engagement fee ii) signs and returns our official engagement letter along with iii) the requisite due diligence documents from each stakeholder;
- First, our experts set out the available options and Healy Consultants’ recommendations for a structure for doing business in the US, taking into account tax optimisation, company law and our Client’s plan to do business;
- Next, Healy Consultants writes a detailed project plan. The plan will lay down every step by week towards engagement completion, optimizing transparency and setting Client expectations;
- After the corporate structure is determined, Healy Consultants prepares the company incorporation forms for Client signature and courier return;
- Healy Consultants Group checks which of our Client’s preferred company names are available for registration and accordingly proceeds to reserve the most preferred name with the respective Secretary of State;
- Thereafter, Healy Consultants legally incorporates the company in the Client’s chosen US jurisdiction (we usually recommend Delaware, Texas, Nevada and Wyoming) and immediately emails to our Client i) the public profile for the company and ii) the certificate of incorporation or filing receipt. We also register for a federal EIN for tax purposes;
- Healy Consultants’ incorporation team receives the Certificate of Incorporation from the Department of State, which our team immediately forwards to our Client;
- If necessary, Healy Consultants publishes a 6 week formation announcement in the local newspapers (this applies in New York);
- After company set up, Healy Consultants’ banking team completes corporate bank account opening for our Client, including world-class multi-currency internet banking facilities;
- Where possible, Healy Consultants will arrange with the bank to prevent our Client having to travel for the account opening interview. Immediately afterwards, our Client is required to deposit the proposed share capital of the company;
- If necessary under state law, Healy Consultants registers the company for unemployment insurance division of each state in which our Client conducts US business and arranges workers’ compensation and disability insurance;
- Following engagement completion, Healy Consultants couriers a company kit folder to our Client’s preferred international address, containing the company’s corporate documents including original corporate documents, unopened bank correspondence and a Client feedback survey.