How to open a business in America

A good way to make money in the USA for an expat can be to open your own business. This will give you the opportunity to manage your time and energy yourself, and in the future, and significantly increase your income.

Instruction manual

1

Choose the form of starting a business that suits you the most. You can purchase a ready-made company. The advantage of such a solution can be a fairly quick payback on your investment - an existing business can start to make money faster than just opening. But this plan also has its drawbacks - the cause of the sale of such a case may be internal problems known only to the current owner.

2

Also, the solution may be to buy a franchise - an already prepared business scheme, but with the need for its development from scratch. As a plus, you get a well-known company name, as well as ready-made technologies and business schemes. But in return, the company that granted you the right to work under your own name will be tightly controlled. An alternative to these options could be the opening of a completely new business.

3

Find funds for seed capital. You can contact one of the banks, but you will need a good credit history in the United States. Also, the search for an investor or partner may be an option. But this will subsequently limit your independence in developing your business.

4

Contact your local administration. There you will be able to issue registration documents and a license to conduct a specific business. Please note that these documents are valid only in one state; when expanding a business or moving to another state, you will need to register again. When registering, select the organizational form of your company. If you are going to work as an individual entrepreneur, choose this type of business design as a private company. To conduct a full-fledged business with hiring employees and opening corporate accounts, an organizational form such as a corporation is more suitable for you.

5

After that, come to the tax office and get a tax number - TIN, with which you will subsequently make tax payments.