What is included in the package?
We have an all-inclusive package for $599. That includes incorporation in the state, all state filings, EIN (your tax ID), business bank account including a debit card, mailing address, and a US phone number. We’ll handle all the processing, state, government fees for you. The whole process takes about 10-15 business days. You don’t have to worry about anything.
Which bank do you use?
We use Mercury bank. You can read more about them at mercury.com, they are one of the premium bank in silicon valley.
How much does it cost to run my business from 2nd year?
After you set up your corporation, there are separate ongoing costs of running a company that we help you manage.
Key ongoing costs from 2nd year are as follows,
- Delaware agent — $100 per year
- Corporate tax preparation — packages start at $300 per year
- Delaware tax filing — $300 for LLCs, Corporations depends on issued shares and assets.
How can we trust you?
We are backed by some of the best investors in the industry like Twitter founder Biz Stone - you can read more about us here https://startglobal.co/about-us
Where is the bank based at?
They are an online bank, however they are based in San Francisco.
Do I need to visit US for this process?
No, all our process is online. You don’t have to visit.
What all things do I need?
We need you basic information about the company, and copy of your passport. We’ll also need your signature, but you can sign it online from our software.
What if we don’t want everything in the package? Can we pick services we need?
Unfortunately, we are only offering the whole package together. We are building some more services around this to take care of your tax and compliance filings etc, so we need all information with us.
How much is the total cost?
Are there any other cost?
If you are a corporation and need legal setup with an attorney, then there is a fixed price package for $399 which includes bylaws, shareholder agreements etc. If you are an LLC, you don’t have any other cost.
How much does it cost to maintain next year?
It depends on you sales volume etc, but rest assured we provide you the best rate to manage this. You also don’t have any obligation to stay with us.
Which states do you incorporate?
Delaware and Wyoming.
Do you handle taxes?
Yes, we have a CPA in-platform to help you manage your taxes.
Tax preparation charges?
- Zero income returns - $300
- Gross Income up to $100K - $500
- $100k to $500K. - $1000
- Income over $500K will quote after review of financials.
We already have a private limited company in India. So, which option is better? To incorporate US entity as a subsidiary of Indian company, vice-versa, or as an independent company?
We usually find it better to incorporate with US as subsidiary unless you plan to raise more investments in the US. In case you expect to raising funding in the US, you might want to keep US as primary entity.
The US company will be registered in Delaware, right? Do we become liable to pay California taxes if we get a Virtual address in California? Is there any difference if we buy a seat in a co-working space in California?
California needs your physical presence in order to be liable for compliances, and you have to report your world wide financial report during tax filing. It's usually advisable only to go with Delaware.
In future, if we need to consider L1 Visa applications, do we need to note anything during incorporation (like subsidiary setup)?
If you can show enough profitability, you can opt for L1 as well as H1.
Note: You have to show financial transaction history, net income, profitability and payroll history.
*Disclaimer*: Sieve, Inc. or StartGlobal is neither a law firm nor an accounting firm and, even in cases where the author is an attorney, or a tax professional, nothing in this article constitutes legal or tax advice. This article provides general commentary on, and analysis of, the subject addressed. We strongly advise that you consult an attorney or tax professional to receive legal or tax guidance tailored to your specific circumstances. Any action taken or not taken based on this article is at your own risk. If an article cites or provides a link to third-party sources or websites, Sieve, Inc. or StartGlobal is not responsible for and makes no representations regarding such source’s content or accuracy. Opinions expressed in this article do not necessarily reflect those of Sieve, Inc. or StartGlobal.