START A NEW COMPANY & BUSINESS ACCOUNT
START YOUR LLC O CORP IN USA
To start a company in Florida, you'll need to choose a business structure, register your business with the state, obtain an EIN, and open a business bank account. You'll also need to research licensing requirements and potentially obtain permits depending on your industry and location. Here's a more detailed breakdown of our services :
1. Choose a Business Structure:
- Sole Proprietorship: Simplest structure, but offers no liability protection.
- Limited Liability Company (LLC): Offers liability protection and flexibility, but requires more administrative work.
- Corporation: More complex structure, but can offer tax advantages and better access to funding.
2. We register Your Business:
- Name Search: Check the website to ensure your business name isn't already in use.
- File with the Florida Department of State: You'll need to file Articles of Incorporation (for corporations) or Articles of Organization (for LLCs), according to the Florida Department of State.
- Registered Agent: We register an agent in Florida to receive legal and official mail.
3. Obtain an EIN:
- Employer Identification Number: We apply for an EIN from the IRS, especially if you'll have employees or are operating as a corporation or LLC.
4. Open a Business Bank Account:
- Separate Account: Opening a separate business bank account is crucial for maintaining liability protection and keeping your personal finances separate from your business.
5. We research Licensing and Permits:
- State, County, and City Requirements: Depending on your industry and location, you may need licenses or permits from various government agencies.
6. Other Important Steps:
- Business Plan: We create a business plan to outline your business goals and strategies.
- Funding: Explore funding options, such as loans or investments.
- Taxes: Understand your tax obligations, including federal, state, and local taxes.
Benefits for Non-Resident Foreigners Who Establish a Company in Miami
Establishing a company in Miami offers numerous advantages for non-resident foreign entrepreneurs, particularly in terms of taxation and strategic positioning.
One of the most significant benefits is Florida’s favorable tax environment. Unlike many other states, Florida does not levy a state personal income tax, which represents a considerable advantage for owners of LLC-structured businesses, allowing for more efficient profit distribution.
Additionally, the state’s legal and tax frameworks provide flexibility in structuring the company to optimize international tax burdens. This enables business owners to tailor their tax strategy to the specific circumstances of their home country and the global nature of their operations.
Another key advantage is access to the network of tax treaties the United States maintains with numerous countries. These agreements are designed to prevent double taxation, potentially resulting in substantial tax savings for foreign-owned companies operating from Florida.
Together, these factors make Miami a strategic choice for establishing a company with international reach—combining tax efficiency, access to the U.S. market, and a solid platform for global expansion.