How To Start An LLC For Non-US Residents
The US is one of the most popular countries for starting a new business, and there are many reasons for that. One of the reasons is that you can form an LLC in the US even if you’re not a resident.
As a non-resident of the US, it can be challenging to start an LLC in the US if you don’t know what steps to take.
Here at Mollaei Law, we help entrepreneurs just like you start their businesses without dealing with all the complicated legal forms. We are the number one highest-rated business law firm. For entrepreneurs, we have over 1,876 five-star Google reviews.
Without further ado, let’s talk about the five things you must do…
Choosing a name for your LLC
You have to take is choosing a name for your LLC. So this is the fun part. You’ve done the hard work. And now you’re at the stage of your business where you’re starting an LLC and deciding what to name it.
There are many different names that you can choose from as long as it’s available, whether or not a name will help your LLC for non US residents succeed. I cannot tell you whether the name of an LLC will help your business grow.
It’s a common misconception that this is the only step, but it’s not. You can also choose what type of company you want to form, how you want to be taxed, and what state you want to form.
Choosing the name of your LLC can be pretty tricky if you don’t know where to start. But some rules will help guide your decision-making process:
- Stay away from generic words like “incorporated” or “limited” because other companies already take these names;
- Use an adjective and noun combination for your company name, such as “Best Sushi”;
- Make sure that the name is available
But I can tell you that as long as you’re providing a product or service that is bettering a life around you, that is helping someone, your business should succeed.
Choosing a registered agent for LLC
You will want to take is choosing a registered agent. A registered agent is someone who will receive documents on behalf of your LLC for non US residents. And so, what type of documents will a registered agent receive?
Well, the documents include notices from the secretary of state. Any lawsuits that may be filed against your LLC and different documents, such as these, when choosing a registered agent, you have two options.
The first option is you yourself can be a registered agent, or someone you know can be a registered agent, but there’s also the second option, which is a third party can be a registered agent.
And generally, when a third party is a registered agent, there is an annual fee associated with that service.
Some of the benefits of being a registered agent for an LLC are that you can help the company with its business and taxation needs, help them in litigation or bankruptcy, and you will be paid on a commission basis.
To start an LLC without being a US citizen, you need to find an agent willing to register your company. You should also make sure that they are registered with the state as well as with the IRS.
LLC operating agreement
You’re going to want to take is you want to create and prepare an LLC operating agreement. An operating agreement outlines the role and obligations you must fulfill as an LLC owner.
For non-US residents, the first step is to create and prepare an LLC operating agreement. This document is the backbone of your business, and you should make sure it includes all of the necessary provisions.
A well-drafted operating agreement will include provisions that address how profits will be divided among members, how much control each member has over the company’s operations, how disputes between members are resolved, and what happens if a member wants to sell their interest in the company and more.
If you need help drafting an LLC operating agreement for your business, we recommend consulting with a lawyer specializing in this area of law.
Paperwork for LLC
You’re going to want to take is you’re going to want to file organizational paperwork with the state in which your LLC is formed. This ensures that your LLC is properly filed and properly created.
One of the most important things to do when starting a company is to form an LLC for non US residents. This will protect your personal assets and make it easier to attract investors.
When you form an LLC, you have to file organizational paperwork with the state in which your LLC is formed.
You should also keep your business operating agreement, financial statements, and other records on file.
Certificate of LLC
you’re going to obtain is a certificate from the state. A certificate basically means that your LLC has been filed and approved. It’s essential to get a certificate to sail through the process of starting your LLC smoothly.
It is highly recommended that you speak with an attorney. An attorney will help you decide which state to form your LLC an attorney will help you choose how your LLC should be taxed.
Additionally, an attorney will file all of the required documents. All the required forms are needed to start an LLC, but most importantly, an attorney will provide you with the peace of mind.
A website that can never give an attorney will save you money by avoiding costly mistakes.
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