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FAQs

Frequently Asked Questions

Do I Need to Be Us Citizen or Have an Ssn to Start My Business with Formationtime?

You don't need to be a U.S. citizen or have a SSN to start a business here.
While typically SSN’s are used to help file taxes, non-citizens can use
alternative IDs or an Individual T axpayer Identification Number (ITIN) for
taxes, if they’re required to file. We’ll help you navigate getting your business
formed, making sure you stay compliant, set-up a US based bank account,
get access to a US mailing address, and more

What Is the Best State to Start an Llc If I’m Not a Us Citizen?

While any state is an option for LLC formation, Wyoming and Delaware
stand out. Wyoming stands out as a top choice for non-US residents,
particularly favored by entrepreneurs managing online or e-commerce
ventures, Wyoming offers low fees and privacy protection for members of the
business. Delaware, it offers some of the same benefits that you’d find in
Wyoming, and while it’s fees are among the highest, it is favored by investors
and venture capitalists if you’re seeking investments this should be something
you strongly consider.

How much time you are going to take to finish my order?

For the US:
● Premium orders have a processing speed 3 times faster than Basic orders.
● We typically form companies within just 2 days.
● Securing the EIN takes an additional 3-5 days (Note: Most other providers
require at least 2 weeks for EIN acquisition).

Can I Be Have an US. LLC in the US. If I Dont Have an US Address There?

Non-U.S. citizens can own a U.S. LLC without a U.S. address. You are able
to use a Virtual Address, which provides you with an in-state address while
maintaining the LLC members' privacy. While rules vary from state to state,
FORMATIONTIME will help you determine which options are right for your
business

What is an EIN?

An EIN, or Employer Identification Number, is a unique nine-digit number
assigned by the IRS to businesses for tax purposes. It's like a social security
number for a company.

What documents do I need to provide?

1. Either your ID card or passport.

2. Your bank statement or a utility bill that includes your name, address and dated
within the last 3 months (it should have a date on it so we know when the
document was created)

How much does it cost to form an LLC?

It depends. Our LLC plans start at $189 plus filing fees, and you can add
more services as your business needs them. LLC filing fees also vary by
state. However, all of these costs are often tax-deductible.

What is the role of a Registered Agent?

A Registered Agent is a person or entity appointed to receive legal and
official documents on behalf of a business. They act as a point of contact for
government agencies and ensure that important communications, such as
tax forms and legal notices, are properly received by the business.

What about taxes?

Great question! When it comes to taxes for your US LLC, we’ve got you covered.
We’ll connect you with a professional tax firm that specializes in helping non-residents
handle everything smoothly, so you don’t have to worry about the details.
Since you’re not living in the US—and if you’re primarily selling outside the US—your
tax obligations may be reduced significantly. The experts we connect you with will make
sure you’re taking full advantage of any tax benefits available to non-residents. Rest
assured, you’re in good hands!

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Frequently Asked Questions

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