When it comes to businesses, it is safe to say that the US can be considered as one of the most significant markets in the world. Therefore, it is quite popular for entrepreneurs and investors to invest. Its lively markets and business environment have been growing day by day, thereby making the US a great […]
Q&A – Start-up Visa Guide for Entrepreneurs Read More »
Generally, all types of businesses without looking at their size and the number of employees must get an EIN. Therefore, you are required to have an EIN if you have a company in the US, but in some cases, you may not need to have one at all. EIN is used by the IRS –
Q&A: Is there a scenario where I do not need EIN? Read More »
SSN: A Social Security Number or SSN is the most common identifier for personal identification and tax purposes. To be precise, it is used to track individuals for social security reasons and also can be used as a national identification number for tax purposes. SSN is also used for opening a bank account, for applying
I am not sure whether do I need SSN, EIN or ITIN? What should I do? Read More »
For non-U.S. resident business owners who run a business in the U.S., taxation might pose a major question. Since taxation is one of many indicators whether the investment in the U.S. is worthwhile, it is essential to understand how the U.S. taxation system approaches non-resident aliens. In the U.S., citizens are not the only ones
How do I get taxed as a non-US resident? Read More »
Following the incorporation of a company, one of the first things to do is probably to obtain a federal tax ID from the Internal Revenue Services (IRS). This federal tax ID for your company, known also as EIN (Employer Identification Number). EIN is a unique, nine-digit number that is assigned to every operating business in
Do I really need an EIN for Tax reductions? Read More »
First of all, as an individual, you might not need to file a federal income tax return if your income is below a certain amount. However, you need to file a tax return to claim a refundable tax credit or a refund for withheld income tax. You can visit IRS website and find out if
Do I need to file a tax return? Read More »
There are two types of tax identification numbers in the United States for individuals. The first is the Social Security Number which can be obtained only if the person is a US citizen, has a Green Card or has a visa that provides him/her with a temporary residency in the US. The other number is
Q&A: Can I be exempt from applying for ITIN? Read More »
Forming an LLC in the State of Delaware is almost as easy as starting an account on social media. Sure, you do have to go through some procedures; but it is quite simple to do. The first step is to choose a company name that must be unique. Then, this name is to be registered
How to Incorporate an LLC in Delaware? Read More »
You should not have any U.S. federal tax obligation for just transferring money through the LLC’s bank account as long as you are the owner of all the accounts involved. However, you will have to pay DE franchise tax(approx. $300 annually) to keep the LLC active.
As an owner of a Delaware LLC, do I have to pay taxes to U.S.? Read More »
The most considerable benefit of an EB-5 Visa is getting a Green Card. Even though every person has his/her own reason to desire of getting a Green Card, here are some of the privileges U.S. Green Card owners have: The Investor has the ability to bring other family members to the U.S. after proper application
What are the benefits of the EB-5 investment visa? Read More »
It depends on many factors such as what you are selling, where and to whom you are selling. The taxes you are obligated to pay are mainly based on your business type. At a minimum, you will have to pay Delaware Franchise Tax which is approximately $300 annually. Contact us via e-mail at [email protected] or
How is taxation in Delaware works for a foreign LLC owner? Read More »
We kindly would like to remind you that due to COVID-19, the EIN procedure takes 1 – 6 weeks and the ITIN procedure takes 6 – 14 weeks roughly. It is delayed because of the IRS. Thank you for your understanding on the matter. Please do not hesitate to contact us if you have any questions.
Recent Update for EIN and ITIN Processing ETA Read More »
Delaware and Wyoming are both known to be great for small businesses. Which one to choose for your new company depends solely on your priorities. For LLC type companies, Wyoming will be the choice of those who prioritize lower annual fees. If you don’t have any assets, Wyoming takes as little as $50 annually to
Which U.S. states have better laws for small businesses? Read More »
If you are liable for paying withholding tax in the State of Delaware, you are required to open to withholding account. To this, you have two ways to do it. You can either (i) register to the One-Stop Business Licensing and Registration system or (ii) fax or mail the Form Combined Registration Application for State
How to apply for a withholding tax scheme? Read More »
The Internet has been a productive environment for many entrepreneurs. Naturally, this raises the question of whether how to tax the businesses operating on the Internet. Some U.S. states have already enacted relevant legislation to regulate the sales occurred online; however, Delaware is yet to be one of such states. Further, there are no specific
Internet Sales & Tax Read More »
Home to more than 1 million legal entities, including the most well-known trans-national corporations, Delaware is known for its business-friendly environment and state practices. Its laws and efficient state offices allow for quick incorporation with minimal requirements. One such condition is the annual Franchise tax, which is based on the number of authorized shares of
Incorporating and Dissolving Companies in Delaware Read More »
Non-profit organizations encompass a broad spectrum, including, among others; Fraternal beneficiary societies, orders or associations, cemetery corporations, and corporations organized or trusts created for religious, charitable, scientific, or educational purposes or the prevention of cruelty to children or animals, homeowner associations, etc. To be registered as a non-profit corporation in Delaware, the company must be ; –
Non-Profit Corporations Read More »
State Corporate Income Tax is one of the central taxes collected from the business by the State of Delaware. In principle, every domestic or foreign corporation doing business in Delaware, saving certain exemptions under the law, is liable to file a tax return irrespective of the amount of income earned. Taxpayers are required to register
Corporate Income Tax Read More »
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