Start your company in the US

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Requirements, formation process, annual obligations, taxes and sales tax: everything you need to know before you start.

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Before you start

Formation requirements

State level

Company formation

01
Be of legal agePhoto of each member’s national ID
02
Details of each memberFull name, address, phone number and email

Bank

Bank account opening

03
Valid passportFor each member
04
Proof of tax residencyBank statement, account statement or utility bill. It must show your name and your home address.
05
Digital ecosystemAn online presence that supports your bank and payment processor applications

5 steps

US company formation process

Company registration

Approval depends on the state (Wyoming 2 days, Florida 10 days)

Getting the EIN

2 to 3 business days

Opening the bank account

2 to 3 days for approval

Stripe setup and activation

1 day

Document delivery

Once the 5 steps are done, your company is ready to operate, invoice and get paid in the US.

After formation

Ongoing annual obligations

Annual Report: A report filed every year to keep the company active with the state. Similar to renewing with the Chamber of Commerce in Colombia or the RUC in Ecuador.

Registered Agent: A person or entity with a physical address in the state of formation that receives legal documents and official notices on behalf of the company.

Federal and state taxes: On top of the annual report, companies must meet their tax obligations with the federal government (IRS) and, in some cases, with the state where they operate.

IRS · States

Federal and state taxes

Federal (IRS): Income Tax / mandatory annual return, even with no revenue.

State:• Income Tax: Depends on the state.
• Sales Tax: If you sell taxable products or services.

Income Tax

Income Tax brackets: for the LLC

Net profit (USD)	IRS rate
$0 – $11,925	10%
$11,925 – $47,150	12%
$47,151 – $100,525	22%
$100,526 – $191,950	24%
$191,951 – $243,725	32%
$243,726 – $609,350	35%
Over $609,350	37%

ECI = Effectively Connected Income (income effectively connected with the US).

Sales Tax

Sales Tax and Nexus

How they work and why they matter for your US business.
It applies when your company goes over certain thresholds or business activity in a state.

You sell products or services in a state.

You have inventory, employees or warehouses there.

You exceed a sales threshold (e.g. $100,000 a year).

Check the sales thresholds by state at this link https://sellu.co/en/pages/sales-tax

Ready to get started?

Meeting your obligations from day one is key

Make sure you understand the legal and tax framework before forming your company. We help you get it right from day one.

Start your company