Will I be able to own a company in U.S even if don't have green card?
Yes. The steps for a foreign national to start a company are same as that for a U.S. citizen. It is not required to have a green card or be a U.S citizen to own a business venture in the United States.
Which business entity will be convenient for a person of foreign nationality to set-up?
For pass-through profit distributions, a foreign national can set up a limited liability company (LLC). The U.S. law allows a foreign national to own shares in a C corporation and does not permit these foreigners to own shares in an S corporation. The profits or dividends gained by a C corporation are subjected to double taxation. Therefore most of the foreign nationals opt to set-up a Limited Liability Company.
Can I work in the United States even if I own a corporation or LLC?
No, you need to have a work permit visa or a green card to work in the U.S.
How long does it take to process incorporation?
The time to process incorporation may vary between different states and may alter depending on the load of work at the state office. Foreign nationals will have to wait usually for 10 to 20 days to get their EIN. The process to obtain a Tax ID for a foreign national has to be filed with a special IRS unit which results in the actual delay of the process. The process will be commenced only after all the relevant documents have been approved by the state.
Can Active Filings assist me open a checking account?
No, you have to walk in to any bank and provide your identity proof, a copy of your articles of incorporation or organization and the company's tax ID (EIN).
Can I set-up a branch for my company?
There is no entity called Branch. You will have to incorporate a business here and then form relationships through internal resolutions and ownership.