Summary

FAQs

• 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 Taxpayer 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).

• 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?

  We need two things from you: 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)

• 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.