🎯 Why to consider incorporating in the states ?
✅ Easier access for foreign investments, VC funding. ( even YC prefer you having your company in the states ) ✅ Better tax system / frameworks. ✅ Simple and easier operations across the globe. ✅ Get a proper stable access to everything ( for now don't know what's future gonna hold )
Business structure to incorporate ☄️ 🇺🇲 Delaware C-Corp is the preferred incorporating business structure. Why ? Check below ✅ Most VC-backed US startups are Delaware C-Corps ( YC & Hustlefund preferred ) ✅ Investor friendly legal system ✅ No sales tax, flexible corporate laws
How to Incorporate ⁉️
Choose a name, and run a check on delware entity search. https://icis.corp.delaware.gov/Ecorp/EntitySearch/NameSearch.aspx
Hire a Registered Agent if you are registering from India or any other place. (e.g., Firstbase, Clerky, Stripe Atlas) https://stripe.com/in/atlas
https://doola.com ( Hustle fund preferred )
File Certificate of Incorporation with Delaware Division of Corporations You can check more at https://corp.delaware.gov/
Get EIN (Employer Identification Number) from IRS You can check more at : https://www.irs.gov/businesses/employer-identification-number
Open a US Bank Account ( e.g you can use mercury banking ( YC ), Brex ( YC ), or traditional banks like J.P Morgan Chase, Bank Of America ( BOA ).
Time period ⏰ 2–5 days 💰 Cost : $400–$1200 depending on service provider. You can check the above mentioned service provider. ( the prices are estimated by ChatGPT )
✅ Best for SaaS, tech, and startups targeting US customers/investors
⚠️ Annual report, franchise tax must be proper and clear.