Book excerpt: Do you want to successfully start your business in the United States? If you are a foreign entrepreneur, this practical guide is for you! This first guide in the YES TO ENTREPRENEURS® series will help you understand how your future U.S. company will work. It will also provide you with the tools you need to start and succeed in your business in the United States, despite the obstacles and distance. Together, we will explore several aspects related to an American company: ✅ The types of legal entities - including corporation and LLC ✅ The State of Delaware and its 15 secrets ✅ The notion of registered agent ✅ The domiciliation of your company ✅ The annual corporate obligations ✅ The EIN number and the U.S. taxation ✅ The ABCs of doing business in the United States 💥 Exclusive Bonus : Useful Resources Throughout the process of writing this guide, the author accumulated many hyperlinks that greatly enrich its content. An up-to-date list of these hyperlinks can be found at the web address listed in the Useful Resources section, at the end of this guide. 🇺🇸 Do not hesitate! Immerse yourself in the American dream. ----- WHAT THEY SAY "Books such as those in the Yes to Entrepreneurs series provide businesses with useful information and practical tools to expand into the United States market, the largest consumer market and recipient of foreign direct investment in the world." Gina Bento, Commercial Specialist, U.S. Department of Commerce, International Trade Administration "Never before have guides been so deserving of the term practical!" Bernard Geenen, Economic and Commercial Counselor, Wallonia Export & Investment Agency, Consulate of Belgium, New York "Simple. Clear. Precise. Complete.... A must." Richard Johnson, Retired Journalist, Journal of Montreal "... these guides are great... I highly recommend their use." Tom Creary, Founder and Past Chairman of the American Chamber of Commerce in Canada - Quebec Chapter "The Yes to Entrepreneurs book series is extremely structured, complete and easy to use..." Serge Bouganim, Lawyer of the Paris and Brussels Bars "Congratulations to my colleague Vincent Allard for the publication of three exceptional popularization books for entrepreneurs who want to start a business in the United States." Pierre Chagnon, Retired Emeritus Attorney, Bâtonnier of Quebec "This series of practical guides allows entrepreneurs and professionals who advise them to benefit from the experience of thousands of other entrepreneurs who have started their business in the United States." Robert CHAYER, U.S. Tax Expert, Canada "Reading is highly recommended. Three essential and very comprehensive guides for all immigrant candidates who wish to familiarize themselves with the important concepts to start their professional installation in the United States." Estelle Berenbaum, Immigration Lawyer, Florida "Vincent Allard's Yes to Entrepreneurs collection provides ready-to-use pragmatic knowledge to successfully navigate American waters." Arnaud Labossière, CEO, The Free Minds Press Ltd ----- CONTENTS 1 - Introduction 1.1 Presentation 2 - Where to Create Your U.S. Company? 2.1 In General 2.2 The State of Delaware and its 15 Secrets 2.3 Delaware: Statistics and Examples 2.4 Other States 3 - What Type of Legal Entity to Choose? 3.1 Types of Legal Entities 3.2 Corporation vs. LLC 3.3 Articles of Incorporation and Bylaws 3.4 Business Purpose 3.5 Capital Stock 3.6 Shareholders 3.7 Directors and Officers 3.8 Corporate Ledger and Seal 4 - Registered Agent of Your Company 4.1 What Is a Registered Agent? 4.2 How to Choose your Registered Agent? 5 - Domiciliation of your Company 5.1 Importance of an Address in the United States 5.2 Address in the United States: Where? 5.3 Telephone Number 6 - Annual Corporate Obligations 6.1 Annual Report 6.2 Corporate Tax 6.3 Fees of the Registered Agent 7 - EIN Number and Taxation 7.1 EIN Number 7.2 Income Tax 7.3 Sales Tax 7.4 Tax Treaties 8 - Some Corporate Situations 8.1 Authorization to Do Business in Another State 8.2 Assumed Name 8.3 Conversion and Domestication 9 - Closing Your Company 9.1 Voluntary Dissolution 9.2 Forced Dissolution 10 - Conclusion 10.1 The ABCs of Doing Business in the United States * Exclusive Bonus: Useful Resources