Frequently Asked Questions
Q
Is it necessary to travel to the U.S. to establish a company?
ANo. Entrepreneurs can also establish their companies without traveling to the U.S.
Q
Is it necessary to open a bank account in the U.S. to establish a company?
AOpening a bank account in the U.S. for the company is important for a clear separation of the liabilities of the company and the entrepreneur. A business bank account is absolutely needed due to practical aspects of business life.
Q
How can I open a business bank account in the U.S.?
AOne of the most important conditions for opening a business bank account in the U.S. is that the applicant company or person has a physical address in the U.S.
Q
How long does it take to register a company in the U.S.?
AThe company registration process in the U.S. can be completed within 1 week at the latest. It is expected that the required information and documents for the registration are provided to our company in a timely manner.
Q
What are the advantages of establishing a company in the U.S.?
AA company based in the U.S. can access customers in the U.S. and international markets more easily, due to the confidence earned by being subject to a quality ecosystem of business and investment. U.S. companies can access financial resources more easily and at affordable rates. They can also benefit from support schemes and business organizations available at national and State level.
Q
How much does it cost to start a company in the U.S.?
AInitial setup fees for registering a company in the U.S. may vary depending on the local agent. Depending on the agent involved and the associated services received, it can range between $500 and $1000 on average. After the registration of the company, monthly and annual accounting costs of the company come up.
Q
In which State should I register my company?
AWe inform you depending on the business plan and specific needs of your company. In this context, the issue that needs to be evaluated first is the State in which your commercial activities are to be carried out physically.
For example, if you are planning to sell online in the U.S. market, the State where your office or warehouse is located, or where your sales are most concentrated will be the best place regarding your business costs and taxation.
The State of Delaware is not good for every entrepreneur or company. We evaluate your business case, and suggest the most convenient State options with a view to ensure the access of your products and services to the U.S. market.
Q
Which business form should I choose for my company?
AWe guide you within the framework of American tax law while taking into account the size and the business plan of your company. Small and medium-sized companies based in Turkey generally prefer LLC or C-Corp.
Q
What is the EIN (number)?
AThe “Employer Identification Number” is the “Federal Tax Identification Number” that must be obtained in order for your company to conduct its business legally in the U.S. In a sense, it is your company’s “social security number”. (The EIN is just one of the tax identification numbers used in the U.S.)
Q
Where should I use the EIN?
AThe most important obligations of a company located in the U.S. are defined within the framework of American tax legislation. EIN is required for several transactions; such as, opening a business bank account, getting loans from banks, hiring employees, filing tax returns, and registering to online marketplaces.
Q
How can I get an EIN number?
AYou must fill in the SS-4 Form available on the Internal Revenue Service (IRS) website. You can apply to the IRS either yourself or through a consultancy company. Our company carries out all necessary filings meticulously, and we inform our customers about the whole process.
Q
When do I need a new EIN?
AChanging the name or address of your company usually doesn’t require getting a new EIN. However, changes with regard to the business form and ownership structure of your company will raise the need for a new EIN.