In today's video
I'm going to be talking to you about how you as a Canadian resident can start
and set up an LLC here in the US
and you want to learn more about how you can set up an LLC here in the US
while living in Canada
start your businesses without dealing with the complicated legal
forms our done for you service is backed by over 2044 Five-Star
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I am a recent law school graduate
I am currently awaiting my bar results and in the process I'm helping
entrepreneurs like you start your business
So let's get straight to the purpose of this video
you're in Canada
and you want to start an LLC in the USA
and you want to be able to operate that LLC from Canada
probably asking yourself, is that really possible?
It is totally possible
In this video
I'm going to tell you how you can start a totally legit online business in the
USA while living in Canada
So you might be wondering why you want to do this, right?
Why start a company in the USA when you can do it in Canada or somewhere else?
Well, what I'm about to say might be debatable
but starting a US LLC comes with major benefits
What benefits might you receive?
You will be part of a global economy
The US market is one of the best markets to be a part of the US market
has led many entrepreneurs to experiencing major economic success
and growth. You will have better access to resources like payment systems
Do you ever run into problems where your merchant account is placed on hold?
Is your merchant account marked as high risk?
Are you unable to access your funds?
Opening a US LLC will lead to better access to payment systems
And if you need to scale in the future then a US LLC is something you want to
seriously consider opening. You could say I'm the CEO of a company
which is based out of the US
The question you are probably asking yourself is who can do this?
Anyone who has an online business that doesn't need to be
physically in the US can start a company in the US
Maybe you have a blogging business, an SEO agency
a software development business, an e-commerce business, a trading business
All of these are businesses. You can operate under your US LLC
As long as you're not in the US, you can start a company in the US
In fact, it's a special option
and you're not supposed to be a legal resident in the USA in order to be able
to do this
So what are the different ways by which you can start a company in the US
by being outside of the US
I'm not going to tell you the different types of companies out there in Canada
You have your own classified business
which are based on their own merits and demerits
It has their own merits in the merits
And I believe one of the easiest businesses you as a
Canadian resident can start
is a us LLC
Any Canadian resident can incorporate a company even without going there
Most of us have a perception that having a company incorporated in USA is very
costly and requires huge capital. But this is not the case, LLC
and corporation. And the USA is very easy. And most cost-effective
if you want additional guidance or additional explanations
I do recommend that you speak with a trained professional
a trained professional will be able to inform you whether an LLC is best for
your situation and what state is best for setting up your LLC
Even after incorporation
they should have expertise to help you maintain your company
International tax planning, bank account, set up merchant processing
accounting and bookkeeping required registration and filing rather than
relying on online consultant
Before you go ahead to understand what the different steps of the formation of
the LLC in the USA are
it is important to decide what type of company you wish to form
The following steps will guide you through the process of establishing a company
in the USA. First, you're going to choose the name of the company
It should be unique and must be available in the state where you want to establish
a company
You need to provide a registered agent who has a physical address in the state
where you are forming a company
They must be available during the business hours to sign the legal documents as
and when required
The third thing you're going to want is a federal employer identification
number. This is an optional step in this
You can also go and apply for the federal employer identification number and
certificate of authentication. If you plan to open a bank in the USA
then you should have these things only. Then can you apply for it
The fourth thing, you're going to want a certificate of authentication
This is also an optional step
In case you need to open a bank account in Canada
or to produce proof that you have a company in the US either a US corporation
or a US LLC
then you need to present a certificate of authentication or pasta
These are the simple steps that will help you form a company in the USA
Make sure that you run through each of these steps before applying for
establishing a LLC in the US besides you can also seek assistance
from a professional firm that can help you with the process of company formation
here in the US
US laws allow foreigners to register a company in the USA for this
You need not necessarily visit the USA
You can do it from anywhere in the world with the help of an incorporation
agency who will register your company and act as a registered agent for you
Once you register your company in the USA
you can get a US bank account for your company and start your business and
operate it remotely from your home country
Before you start with your company registration
you need to take care of a few things as below
again, decide the name of your company
You need to choose a name for your company and US business
Entity names are state specific
Hence, it is most likely that the name you choose is available for registration
unless it is too generic
Next, you're going to want to decide the type of company you're going to form
When you decide to set up a company in the USA
the next question in your mind will be what type of company to register for a
non-resident
There are two types of companies you can choose from C corporation and LLC
limited liability company, both types have their own advantages
Now, the question is whether you go for a C Corp or LLC
it depends on your requirements, LLC is a pass-through tax entity
Meaning income from an LLC will pass through to the owners in the same
the manner does with a sole proprietorship or general partnership. However
LLCs can also be considered to be treated as a C corporation from a
tax standpoint. On the other hand, C Corp is taxed as a separate entities
They're are also subject to double taxation
If the profits are distributed to the owners as dividends C Corp is often the
preferred incorporation choice of developing businesses
Since owners can hold different types of stock interests
but for small businesses, LLC is preferred. As you move on
you may be able to simply convert your LLC assets into a new C Corp
Next, you're going to want to decide on the state to incorporate being a
foreigner
You can choose to form your company in any of the 52 States in the USA
However, different states have different rules and different taxes. For example
Delaware has fewer taxes for the first year
but it will be high compared to other States from the second year
Wyoming New Mexico has a lease tax
New York has a rule that after incorporation
you have to publish your company and to a news daily
which may cost you additional dollars
Hence your cost of registration may vary depending on the state
you are going to incorporate to sum up this entire video
You as a Canadian resident can open a US LLC
here in the States
be sure to get the right professional help to make sure that you set up your
business correctly
If you had any questions about anything that I talked about today
please click the link in the description the box below to schedule your free
consultation with a trained professional who will be able to advise you and who
will be able to provide you with guidance and more information as to how you
can set up an LLC here in the States as a Canadian resident
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