How To Register US Company From India (2024) 🔥 || Create US LLC For Non Resident [With Bank Account]

Summary

In this detailed guide, Kripesh Adwani shares his two-year journey of establishing an offshore LLC in the US, covering everything from company registration to opening US bank accounts. He outlines the benefits of having a US-based business, including saving on currency conversion fees, easier business operations, and gaining access to higher-paying clients. Kripesh explains the process of selecting a business entity (LLC vs C-Corp), choosing the right state (Wyoming, Delaware, or New Mexico), and navigating bank account setups. He also offers practical tips on using freelancers, online services, and managing taxes for international entrepreneurs.

Takeaways

• 😀 The speaker, Kripesh Adwani, shares his 2-year journey of forming an offshore company in the US, including the costs and processes involved.
• 😀 The primary reason for creating a US company is to save on currency conversion charges when dealing with INR and USD.
• 😀 Having a US company can improve business credibility, especially for entrepreneurs in India, enabling them to charge higher fees and attract more clients.
• 😀 Key benefits of opening a company in the US include ease of doing business, potential for higher earnings, and better access to global affiliate programs and eCommerce opportunities.
• 😀 The speaker compares three major locations for offshore company formation: Dubai (best for tax savings), Singapore (ideal for startups), and the US (offers ease of virtual setup).
• 😀 When registering a US company, entrepreneurs must decide between an LLC (for smaller businesses or partnerships) and a C Corp (for complex startups needing funding).
• 😀 Wyoming and New Mexico are popular states for forming LLCs due to lower costs, while Delaware is recommended for C-Corps.
• 😀 To register an LLC in the US, businesses must have a registered agent, a passport, and a company name that isn’t already taken.
• 😀 Three methods for registering an LLC include doing it yourself, using organizations like IncFile or Doola, or hiring a freelancer for quicker and more affordable services.
• 😀 For banking, the speaker recommends starting with Wise for easy approval, followed by Relay Bank for spending, and Mercury for high chances of approval after linking with Wise.
• 😀 It's crucial to understand the tax implications in both the US and India, as US taxes are federal, and income generated in India is taxable under Indian laws.

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