Welcome to Globes America
US
Incorporation | US Bank Account | Tax & Accounting
Our mission is to help International Entrepreneurs expand their
business into the U.S. We service clients from over 130
countries all over the world: Europe, Asia, Far East, Australia,
Africa, South America and more.
Globes America offers three major services:
U.S. Incorporation for
Non-US-Resident,
U.S. Bank Account for
Non-US-Resident
and
Tax, Accounting & Compliance
Service
to keep your US Corporation or LLC in Good Standing.
We provides 24/7 live support from a team of experts, CPAs,
Accountants, Business Consultants & Tax Advisors. Real People,
Real Service. We will be by your side whenever you need us to
grow your business.
With offices & State Representatives in all 50 States and
District of Columbia we focus on Superb Customer Service and
Professional Incorporation. We also maintain the
largest knowledge base
of US Incorporation & Tax issues to assist our clients with all
their business requirements.
The purpose of this award winning presentation is to educate the
international entrepreneur on how to do business in the U.S.
When starting your business activity in the U.S. there are a lot
of considerations:
Incorporation
Bank Account & Banking System
Employment & Payroll
Taxes
Selling your business / Exit strategy
Where to incorporate
¡Basic
Rule:
incorporate
in the state in which
you are doing business
¡Corporations
that do business in
more than one state,
or corporations that may eventually
"go public",
may wish to consider the benefits of incorporating in a
state with more
favorable corporate laws
than the state in which they are headquartered.
¡A
corporation that is incorporated in the laws of one state,
but does business within another state, is considered to be
a
"foreign corporation"
in that second state. Corporations must register to do
business in each state in which they operate, and there are
filing requirements and fees associated with registration.
When deciding if it will be beneficial to
incorporate in another state, factors to
consider include:
¡Tax
Rates
- What is the tax rate in your home state, as compared to
the tax rate in the state in which you might instead opt to
incorporate?
¡Costs
& Fees
- What are the costs and annual fees associated with
incorporating in the other state, as compared to the costs
and fees in your home state? If you will be doing business
in more than one state, including the state in which you
incorporated, what will be the cost of registering your
corporation to do business in the other states?
¡Insolvency
- If your corporation becomes insolvent, how are creditors
treated under the laws of each state?
¡Simplicity
- If you conduct business in only one state, it is almost
always cheaper and easier to incorporate in that state.
Delaware Corporations
Delaware is considered to have some of the
most favorable corporate laws in the US.
Delaware is a popular state for the incorporation of businesses
which intend to eventually go public.
Delaware is also a good choice for the incorporation of a
business that has offices or operations in multiple states.
¡Businesses
do not have to identify
or
provide addresses
for their initial board of directors on their articles of
incorporation;
¡Businesses
which incorporate in Delaware but
do not conduct business
in the state are
not required to pay Delaware's state
corporate income tax;
¡For
shareholders who are not residents
of the State of Delaware, their shares of stock are
not subject to either Delaware's
personal income tax
or its state inheritance tax;
¡Delaware
maintains a separate court system, its "Court of Chancery",
for businesses;
¡A
Delaware corporation must have a
registered agent
within the State of Delaware, but need not have any other
offices or operations within the state.
Entity Type
Limited Liability Companies (LLCs)
Versus C Corporations. Similarities:
¡
¡Both
offer the same limited liability protection for owners,
meaning that the owners are typically not personally
responsible for the debts and liabilities of the
business.
¡Both
are separate legal entities created by a state filing.
¡Both
have very few ownership restrictions. The owners are not
required to be US residents, and the number of owners is
without limitation. Additionally, owners are not
required to be individuals (as with S corporations).
¡Ownership
(stock with corporations and membership interest with
LLCs) can be divided into numerous classes.
The Differences
Taxation
¡C
corporations are separately taxable entities. C corporations
file a corporate tax return reporting profits or losses, and
any profits are taxed at the corporate level. C corporations
face the possibility of double taxation when profits are
distributed to shareholders in the form of dividends, as the
shareholders must report dividends as personal income and
pay tax on them at the individual level.
Profit: $100,000
à
Corporate tax (34%) $34,000
à
Net $66,000
Dividend: $66,000
à
Tax (15%) $9,900. Net $56,100.
¡LLCs
are typically pass-through tax entities. While LLCs do
complete a business tax return, the profit or loss of the
business is passed-through to the owners’ personal tax
returns, where it is reported and any necessary tax paid at
the individual level.
Profit: $100,000
à
goes to Individual Tax Return (26%)
à
Net $74,000
|
Corporate Income Tax Rates—2008
¡Taxable
income over Not over Tax rate$
$ 0 -
$50,000 15%
$50,000 $75,000 25%
$75,000 $100,000 34%
$100,000 $335,000 39%
$335,000 $10,000,000 34%
$10,000,000 $15,000,000 35%
$15,000,000 $18,333,333 38%
18,333,333
.......... 35%
¡In
addition, if the income is distributed to shareholders in the form
of
dividends, the shareholders pay taxes on the
dividends they receive,
currently 15%.
Incorporation related issues
Other Issues
Employees & Relocation
Employment Tax
|
Max Wages |
Employer |
Employee |
|
|
$97,500.00
|
6.20% |
6.20% |
Social Security |
|
|
1.45% |
1.45% |
Medicare
|
|
$7,000.00 |
0.80% |
|
Federal Unemployment
|
|
$8,000.00 |
2.30% |
(varies by state) |
State Unemployment |
|
|
4.00% - 15.00% |
|
Worker Compensation
|
Benefits to attract talents
 
Payroll Management Overview
Ongoing operation
Exit - Preparing for Due Diligence
|