Starting a non-profit organization can bring you an excellent entrepreneurship experience. It creates a chance to help the community and make a difference. Starting a non-profit organization is similar to starting other types of businesses with profit. There are some steps you should consider to be successful. Here, you can find some of those steps: […]
Many critical financial organizations choose Delaware as their home thanks to its essential corporate law and business-friendly legislation. Critical financial organizations including special-purpose banks are choosing Delaware to take advantage of Delaware’s extraordinary privileges. The Delaware Financial Center Development Act in 1981 was a great encouragement for banks. Elimination of the usury law was also […]
If you trade with U.S. companies, your clients may ask to process payments via local payment methods. Even though some businesses state they use services such as PayPal or Wire Transfers, these methods may sometimes be inconvenient, time-consuming and costly. The U.S. Government made it difficult for non-residents to open a U.S. bank account. But, […]
What is ITIN (or Individual Tax ID Number)? Every company has a tax identification number in the US, just as any other state in the world. It is primarily for official recognition of the company. Just as a company, everybody who has tax liabilities to the US Government must have a tax identification number. There […]
How to obtain EIN (or TAX ID NUMBER) After forming an LLC in Delaware and authorizing the Certificate of Formation, the first thing to do is to obtain a federal tax ID number, which is abbreviated as EIN (Employer Identification Number). This number is received via Internal Revenue Services (IRS). To apply to obtain this number, you need […]
NOTARIZATION IN THE US You may have to notarize a document to make the signatures on it lawfully authorized by a state official. Different than many other countries, in the US, notarization does not mean that the notarized document is legally valid; however, it authorizes the signatures on it. Just as the notaries in […]
What is a Delaware Corporation? So, you want to expand your business, or start-up a new business idea in the United States. Then, Delaware is the best option for doing so even if you want to expand globally. A Delaware Corporation allows you to raise capital investment for your business via stocks, upon which […]
Non-Profit Corporation There are two steps to take while starting a Non-Profit Corporation. First, the owner(s) or the organization that will begin this corporation will start a non-stock company. There are no shareholders except for the members of this company, and they usually expect no profit. There can be members with different status within this […]
One of the most common questions we receive is whether a Delaware business can be operated in different states or not. For example; can you buy a house in Florida with your Delaware company? Or can you operate in California as a Delaware business? The answer is simple. A Delaware business can work in any […]
Disregarded Entity LLC As LLCs started to become more and more critical, IRS decided to adopt an already-existing tax category to LLCs instead of creating a new one. The most significant advantage of LLCs is that the owners can also show loss/profit of the company in their tax returns. Disregarded Entity Disregarded Entity business type […]
What is a D-U-N-S Number? DUNS is a 9-digit number for businesses. Provided by a company called D&B, it represents the Data Universal Numbering System, identifying transactions all over the world. You can regard this number as a universal registration number. This system usually used by creditors and potential partners to see the credibility and […]