Every business owner dreams of starting a new company in the USA. However, the daunting task that is refraining them from USA company formation is how much it costs to register a company there. Secondly, business enthusiasts hesitate about how to register a USA company with the help of legal authorities.
I’m sure about the first query that “USA company registration” costs only a minimum of $500 to a maximum of $1500. Moreover, the exact number depends on the state of the United States where you want to start registering your business or company. So, the cost involved in registering a brand new company in the US is the first and foremost task before delving deeper into the other insights.
So, this guide is specifically created to cover all the costs during the process of USA company formation. I’ll provide a complete overview of the total costs an individual requires to register their dream business. It may include the fees of lawyers, state and federal government, and other essential services for registering a company.
Let’s dive into the details!
Types of Business Entities For Non-Residents
If you are a non-resident in the US and want to open a company, you have two options:
- Limited Liability Company (LLC)
More importantly, the process of registering a company in the United States of America is the same for both residents and non-residents. However, only a few requirements are different for non-citizens of the US.
Cost of Registering Limited Liability Company (LLC):
Here, I have compiled a list of a few of the most important things that you need to fulfill for the US company formation as an LLC:
- First of all, you need to select a unique and exciting company or business name. You don’t need to pay a single penny for naming your company ($0).
- Next, it’s time to keep the process simple. All you need to do is to hire services of USA company registration. It’s not more than $500 to $1500, including the following:
- Employer Identification Number (EIN).
- Fees of the registered agent for the first year.
- Filing for incorporation with your asked state.
- Setting up a U.S. bank account.
- Physical U.S. mailing address.
Now, let’s see what the cost of US company registration for C-Corp is.
Cost of Registering C-Corporation:
Do you know the exact cost of Registering a C-Corp company type for non-citizens is different? The cost varies! It depends on in which state you are trying to register your business or a company. Every state of America asks for a different fee for the non-residents associated with C-Corp.
Interestingly, the cost of registering a C-Corporation in the United States of America varies, and it depends on which service you are choosing. For example, the cost of hiring an attorney for getting the registration done is different from the price of using a formation service. It may be between $500-$1500.
Wrapping – Up!
To keep the story short, you can get all these services from one of the reputable and reasonable service providers – Workhy. This company empowers entrepreneurs and manages their business processes and finances.
So, you can get peace of mind after asking for US company formation on their official website. Remember, there will be ongoing costs that include taxes, annual fees, and compliance requirements that will continue until your business or company is running.
I hope you enjoyed reading about the expenses you must consider before searching for online company registration in the US. If you have any other questions, you can ask me in the comments section. I would be happy to answer them.