Many international entrepreneurs are looking to create or expand their business into the U.S. market. Regius specializes in helping those entrepreneurs, and we would like to present you with several ideas to consider first.
First of all, to register a company in the U.S. you don't need to present any documents - only information. Documents would be necessary in case you want a US address or need to open a bank account, but not for company registration.
Not at all. All filings can be done remotely, with us serving as your proxy in the U.S. In almost all cases when we need a signature from our clients this can be done electronically.
If you plan to buy real estate property, or open a "brick and mortar" store in the U.S. it is recommended to form your company in the state where this property or store is physically located.
Majority of our clients choose either Delaware or Wyoming as the less expensive and most friendly states.
LLC combines the limited liability protection of a corporation (hence the name) with the flexibility and pass-through taxation of a partnership/sole proprietorship. Like the shareholders of a corporation, the owners (members) of an LLC are not personally responsible for the debts or liabilities of the LLC.
The LLC has no limitations on who may be involved, and it can be managed by its members or by managers. It is often more flexible than a corporation and it is well-suited for companies with a single owner.
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A corporation is a type of business entity that is organized under specific provisions of the General Corporation Law. A corporation must have shareholders, directors and corporate officers, and must be registered with the state. In addition, the corporation will be taxed at the state and Federal level on its earnings.
A corporation offers the protection from personal liability for the owners (shareholders). This corporate veil of protection does not offer protection from liability in the case of fraud, failure to pay taxes, under capitalization of the corporation, or commingling of personal and corporate funds.
The "C" part of "C Corporation" refers to the designation of the corporation for tax purposes. Most major companies (and many smaller companies) are treated as C corporations for Federal income tax purposes. Keep in mind, since "C Corporation" is a tax designation, and not an entity type, some entities other than corporation (such as LLC) can elect to be taxed as "C Corporation". For corporations "C Corporation" is a default designation, and does not require any additional filings with the IRS or the state.
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A Limited Company (LTD) is the most popular type of company formation in the UK. It is a business structure where the Directors or Shareholders have their liability limited to the contributions which they have made or invested in the company. A Limited Company can be formed by anyone going into business to make a profit. All details are entered easily online and there is no requirement for original signatures.
The LTD has no limitations on who may be involved, and it can be managed by its members or by managers. It is often more flexible than a corporation and it is well-suited for companies with a single owner.
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A Public Limited Company (PLC) is a type of Limited Company which is permitted to offer its shares to the public and also has limited liability. A PLC can be either an unlisted or listed company on the stock exchanges.
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A Limited Liability Partnership, most commonly known as an LLP , has no Director, Secretary, Shareholder or Share Capital. Instead it is set up with members and designated members, the members can choose to state their contribution to the partnership when they are in the process of establishing the company. This type of company is commonly used by Solicitors and Accountants as each partner will have protected limited liability.
The partners witihn the LLP do not have any responsibility for the company’s debts. The members of the LLP formation can agree between themselves how the company will be managed and how the capital will be owned and profits shared. These arrangements can be changed simply by an agreement between the members at any time.
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is a 20-character, alpha-numeric code based on the ISO 17442 standard developed by the International Organization for Standardization (ISO). It connects to key reference information that enables clear and unique identification of legal entities participating in financial transactions. Each LEI contains information about an entity’s ownership structure and thus answers the questions of ‘who is who’ and ‘who owns whom’. Simply put, the publicly available LEI data pool can be regarded as a global directory, which greatly enhances transparency in the global marketplace.
The European Union (EU) revised Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR), covering trading venues, investment firms and intermediaries, took effect on 3 January 2018. The MiFID II/MiFIR implementing legislative acts require a significant number of actors to obtain a Legal Entity Identifier (LEI) that are under no such obligation to date. With regard to transaction reporting under MiFIR, the European Securities and Markets Authority (ESMA) has clarified that investment firms should obtain LEIs from their clients before providing services which would trigger reporting obligations in respect of transactions carried out on behalf of those clients. The Global Legal Entity Identifier Foundation (GLEIF) calls on market participants that have to comply with MiFID II/MiFIR to obtain an LEI as soon as possible. Firms should also proactively contact their impacted client base and encourage registration for and renewal of an LEI. Additionally, firms may consider deepening the use of the LEI within their client onboarding infrastructures so as to benefit from the EU-wide use of this common identifier.
Click to learn more about the LEI.