How Long Does It Take To Register A Company In The USA?

Companies in the USA need to register with the Secretary of State office of the business location. After submitting your registration requirements, the government will process the document and review all the information before approving. This process may vary in time, depending on the state. 

In most states in the USA, it can take 4 to 6 weeks for the Secretary of State to approve an application for an LLC or S-corporation, sometimes longer. Rush processing is available in certain states, such as New York. If your business plan is time-dependent, it is advisable to pay the extra fee as this service cuts the processing time to 2 – 3 business days. This fee can vary between states, so inquire about it where you want to register your company.

Where to Base Your Business in the USA?

Choosing your company’s location is one of the most important decisions you will make, so consider the following:

• Demographics
• Understand your local competition
• Find your supply chain
• Compare state laws and tax regulations
• Ensure you stay on budget

Your decision should meet all your business objectives for your company in the most cost-effective manner (without sacrificing quality.) 

For example, big cities in the USA can bring more business to your company, but there is more competition. Each business is different, so you must decide which factors weigh more for your business. Is it the location? Transportation? Accessibility to skilled labor?

Can Non-Residents Own An LLC In The USA?

The simple answer is yes. You do not have to be a US resident to own an LLC in the United States. The business structure of an LLC allows anyone to apply regardless of their citizenship status. However, registering a business as a non-resident involves a more tedious process than if you were a resident.  

Other business structures, such as an S corporation, do not allow non-residents to own a company within the USA. 

Can A Foreign Business Own the US Company?

If you opt to set up an LLC, then yes, your foreign business can own the US company. This is done by appointing your foreign company as the managing member instead of an individual person. 

If you decide on a corporation, you must name a director, which must be an individual, at the time of registration. Directors are not necessarily company owners. Shareholders own corporations, and in that regard, your foreign business can be the 100 percent owner of a corporation in the US.

If you are interested in tax benefits, like pass-through profit distributions, a foreign citizen should consider an LLC. With a regular C corporation, the business is subject to double taxation. And, S corporations are off limits for non-citizens as they are not allowed to own any shares. This is why many foreign businesses opt to set up LLCs

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