Legal Considerations: If you’re a foreign business looking to expand into the U.S., understanding legal, tax, and immigration considerations is crucial. Here’s what you need to know:
1. Choose a Business Structure
Foreign businesses typically register as:
– C-Corporation – Offers limited liability, but subject to double taxation.
– LLC (Limited Liability Company) – Provides liability protection and pass-through taxation.
2. Register with the Appropriate Authorities
Businesses must register with:
– Secretary of State (for entity formation)
– IRS (to obtain an EIN for tax purposes)
3. Obtain the Right Visas for Key Personnel
Common visa options for business owners and employees include:
– E-2 Investor Visa – For individuals investing in a U.S. business.
– L-1 Visa – For intracompany transfers.
– EB-5 Visa – For investors making a substantial investment.
4. Understand Tax Obligations
– Federal Taxes – U.S. businesses pay corporate income tax.
– State Taxes – Vary by state; some states like Texas and Florida don’t have corporate income tax.
– Sales Tax – Required for certain products and services.
5. Comply with U.S. Employment Laws
U.S. businesses must follow federal and state labor laws, including:
– Minimum wage and overtime laws
– Non-discrimination policies
– Employee benefits compliance
Expanding into the U.S.? Visa Immigration Pro can help!
