Can a Non-U.S. Citizen Form a U.S. Corporation or LLC?

By IncNow

Yes, non-U.S. citizens can form business entities in the United States. This includes: Foreign nationals; Permanent residents of the United States; U.S. resident aliens;. and more. Non-U.S. citizens can form corporations and LLCs in the United States, as long as their home country is not included on U.S. Department of the Treasury’s OFAC list (Office […]

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Are Florida LLCs able to do business in other states?

By IncNow

Yes, you are allowed to operate a Florida LLC for any legal business in every state in the USA. Under the US Constitution, your Florida LLC is viewed as a legal “person” and other states cannot discriminate against this “person” based on where he/she/it was born or incorporated. This is protected under the full faith and credit […]

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What are the annual costs associated with a Nevada LLC?

By IncNow October 15, 2013

In addition to the legal benefits of a certain state of formation, it is important to know the costs associated with an LLC before you form. People who are interested in forming a Nevada LLC are no different. Nevada LLC Fees The annual costs associated with a Nevada LLC are an Annual List of Managers […]

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Must my Nevada LLC request an EIN from the IRS?

By IncNow

A single-member LLC can either use the Social Security Number (SSN) of the single member to conduct business, or it can obtain a separate Employer Identification Number (EIN). An EIN is required for a multi-member LLC. We recommend that you obtain an EIN number soon after the formation of your LLC whether you are forming […]

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Can a foreign person or corporation form a Nevada Corporation or LLC?

By IncNow

With the exception of countries and persons listed with the Office of Foreign Asset Control (a branch of the US Department of the Treasury), non-resident aliens are allowed to incorporate in Nevada and form Nevada LLCs. Nevada businesses owned by non-US citizens are required to register with the US on the one page Report of […]

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What is a General C-Corporation?

By IncNow September 16, 2013

Upon formation, all for-profit stock corporations are General Corporations and by default they are classified by the IRS as a C-Corporation for tax purposes. Some business owners may wish to remain a C-Corporation, while others may want to become an S-Corporation. What Is a C-Corporation? C-Corporation is the default tax status of all corporations. A […]

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How Can I Obtain an EIN for My Company?

By IncNow

An LLC will need to obtain an EIN if it has multiple members or employs anyone. An EIN is required to withhold taxes from employees, open bank accounts, and any application that requires a business to validate its authenticity. The EIN is the corporate equivalent of a Social Security Number (SSN) for an individual. The EIN […]

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