Starting a non-profit organization can bring you 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: Step […]
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. In 1981, the Delaware Financial Center Development Act was a great encouragement for banks. Elimination of the usury law was also used […]
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 makes it difficult for non-residents to open a U.S. bank account. But, […]
What is “Foreign Qualification”? If you want to conduct your business in states other than Delaware, you should consider applying for “Foreign Qualification.” If you wish to register your business in a state in which your business is considered to be “alien” (or which is different from the one you initially recorded to), you get […]
What is an 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 used for official recognition of the company. Just as a company does, everyone who has tax liabilities to the US Government must have a tax […]
How to obtain an 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 for this number, you need to […]
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 most […]
What is a Delaware Corporation? So, you want to expand your business, or start-up a new business idea in the United States. 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 you have […]
Also known as a “certificate of authorization or “certificate of existence”, indicates that your entity is fully qualified and authorized to do business within a particular state. It is a certificate issued by the state authorities (generally by a secretary of the state). We can help you obtain this certificate from the state jurisdiction. You […]
This part was created to guide small businesses and start-up companies in the US. Why Delaware? Do you want to set-up and register a new business entity in Delaware? This is the right place for you. Here are some of the most important reasons why more than 1,000,000 companies have incorporated in Delaware: Confidentiality The […]
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 company. For […]
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, the 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 A Disregarded Entity […]
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 […]