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How to open business in The US Los Angeles

Checklist: How to set up a US Company as a Non-Resident

Step 1: Determination Stage

Step 1, determine what exactly you want to do, where and how you want to do it, how much it will cost and whether or not you have the budget. In this step, you need to determine:

Where to establish your US business
Where to incorporate your US company
Your need for protecting your intellectual property
Whether you will need to obtain any special licenses
Your need for visas or other immigration needs
Your need for staffing for the business
Your need to access the capital markets in the US
Your need for marketing, supply chain and other support services
Are there any tax incentives available, and what options are available to minimize your tax burden

Free business planning templates are available from SCORE (Service Core of Retired Executives) As an alternative, you can use the lean canvas designed to organize the strategy for a startup business. It’s free for 30 days, and very useful. (We are not related to this site in any way).

Step 2: Planning Stage

In the Company Planning Stage you will determine such practical matters as:

The name of the company
Whether to be a corporation or a limited liability company
Which state to incorporate in and which states to register in
Determine the capitalization of the company (how many shares at what par value, and how much each shareholder will contribute to the company as their capital contribution
Determine who will be the shareholders, officers and directors
Determine the roles and responsibilities of the company’s officers and directors

Step 3: Action Stage

After completing the Company Planning Stage, the Action Stage should be very smooth and fast:

Provide the necessary documents

1. Form the company
2. Register the company in other states as needed
3. Hold the organizational meeting, appointing the officers and directors, issuing shares to the shareholders and taking such other actions as necessary
4. Obtain the federal Employer Identification Number
5. Open your bank account
6. Start business: buy, lease or rent office space, hire employees, market the products, etc