United States of America

The USA political structure is composed of the Federal Government at the top of the political structure which consists of three distinct branches: legislative, executive and judicial. These 3 branches are given power vested by the US Constitution in the Congress, the President and the Federal courts, respectively.

According to the US Constitution’s Tenth Amendment, all powered are reserved for the States and the people. The State Governments' political structures are shaped after the Federal Government model.

In 2019, the real GDP of the USA was $21.43 trillion. The GDP per capita of the USA was $65,281 in 2019, a 3.63% increase from 2018.

The US's economy is a highly developed country with a diversified economy. The nation has an abundance of natural resources, high productivity and a well-developed infrastructure and is also known to be the largest importer and second largest exporter in the world. The focus of US’s economy is mainly in the technological industry with many of its firms operating in the forefront of technological advances.

Currency:

United States Dollar (USD)

The corporate laws of the USA are user-friendly and are adopted by 50 states as a standard for testing corporate laws. As a result, the corporate laws of the country are familiar to many lawyers both in the US and internationally. The USA has a common law system.

Type of Company/Corporation:

One IBC supply incorporation in Wisconsin service with the common type Limited Liability Company (LLC) and C-Corp or S-Corp.

Business Restriction:

The use of the bank, trust, insurance, or reinsurance within the name of the LLC is generally prohibited as limited liability companies in most states are not allowed to engage in a banking or insurance business.

Company Name Restriction:

The name of each limited liability company as set forth in its certificate of formation: Shall contain the words "Limited Liability Company" or the abbreviation "L.L.C." or the designation "LLC";

• May contain the name of a member or manager;
• Must be such as to distinguish it upon the records in the office of the Secretary of State from the name on such records of any corporation, partnership, limited partnership, statutory trust or limited liability company reserved, registered, formed or organized under the laws of the State of Wisconsin or qualified to do business.
• May contain the following words: "Company," "Association," "Club," "Foundation," "Fund," "Institute," "Society," "Union," "Syndicate," "Limited" or "Trust" (or abbreviations of like import)

Company Information privacy:

No public register of company officers.

Just 4 simple steps are given to start a business in Wisconsin:

• Step 1: Select basic Resident/Founder nationality information and other additional services that you want (if any).
• Step 2: Register or log in and fill in the company names and director/ shareholder(s) and fill in the billing address and special request (if any).
• Step 3: Choose your payment method (We accept payment by Credit/Debit Card, PayPal, or Wire Transfer).
• Step 4: You will receive soft copies of necessary documents including Certificate of Incorporation, Business Registration, Memorandum and Articles of Association, etc. Then, your new company in Wisconsin is ready to do business. You can bring the documents in the company kit to open a corporate bank account or we can help you with our long experience of Banking support service.

* These documents required to incorporate a company in Wisconsin:

• Passport of each shareholder/beneficial owner and director;
• Proof of residential address of each director and shareholder (Must be in English or certified translation version);
• The proposed company names;
• The issued share capital and par value of shares.

Read more:

How to start a business in United States of America

Share Capital:

There is no minimum or a maximum number of authorized shares since USA incorporation fees are not based on the share structure.

Director:

Only one director required

Shareholder:

Minimum number of shareholders is one

USA company taxation:

Companies of primary interest to offshore investors are the corporation and the limited liability company (LLC). LLCs are a hybrid of a corporation and a partnership: they share the legal features of a corporation but may choose to be taxed as a corporation, partnership, or trust.

• Us Federal Taxation: US Limited Liability companies structured for partnership tax treatment with non-resident members and which conduct no business in the US and which have no US-source income are not subject to US federal income tax and are not required to file a US income tax return.
• State Taxation: US limited liability companies that conduct no business in the recommended states of formation with non-resident members are generally not subject to state income tax and are not required to file a state income tax return.

Financial statement

Local Agent:

The USA law requires that every business have Registered Agent in the US State the company is incorporated, the Registered Agent may be either an individual resident or business that is authorised to do business in the US States

Double Taxation Agreements:

The USA has participated in many free trade agreements with several nations and organizations, such as the NAFTA, South Korea, Israel, Australia and other countries that are in effect or under negotiation

In the case of corporate taxpayers, double taxation is minimised through allocation and appointment rules related to the income of corporations engaged in multi-state business.

License Fee & Levy:

To form a corporation, the Articles of Incorporation need to be filed with the State Department of Financial Institutions. The filing fee is varied among different states.

To form a LLC, the Articles of Organization needs to be filed with the State Department of Financial Institutions. The filing fee is varied among different states.

Read more:

• USA trademark
• USA business license

Payment, Company return due date:

USA Filing Due Date: Business tax returns are due by April 15 — or by the 15th day of the 4th month following the end of the taxable year (for fiscal year filers).