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Samanth Shetty
Building Nestsureย โขย 23d
10 day start-up series ๐ฅ 22nd June 2025 ๐งต Post 3๏ธโฃ : Global Incorporation โ US ๐บ๐ธ ๐ฏ Why to consider incorporating in the states ? โ Easier access for foreign investments, VC funding. ( even YC prefer you having your company in the states ) โ Better tax system / frameworks. โ Simple and easier operations across the globe. โ Get a proper stable access to everything ( for now don't know what's future gonna hold ) Business structure to incorporate โ๏ธ ๐บ๐ฒ Delaware C-Corp is the preferred incorporating business structure. Why ? Check below โ Most VC-backed US startups are Delaware C-Corps ( YC & Hustlefund preferred ) โ Investor friendly legal system โ No sales tax, flexible corporate laws How to Incorporate โ๏ธ 1. Choose a name, and run a check on delware entity search. https://icis.corp.delaware.gov/Ecorp/EntitySearch/NameSearch.aspx 2. Hire a Registered Agent if you are registering from India or any other place. (e.g., Firstbase, Clerky, Stripe Atlas) https://stripe.com/in/atlas https://firebase.io https://clerky.com https://doola.com ( Hustle fund preferred ) 3. File Certificate of Incorporation with Delaware Division of Corporations You can check more at https://corp.delaware.gov/ 4. Get EIN (Employer Identification Number) from IRS You can check more at https://www.irs.gov/businesses/employer-identification-number 5. Open a US Bank Account ( e.g you can use mercury banking ( YC ), Brex ( YC ), or traditional banks like J.P Morgan Chase, Bank Of America ( BOA ). Time period โฐ 2โ5 days ๐ฐ Cost : $400โ$1200 depending on service provider. You can check the above mentioned service provider. ( the prices are estimated by ChatGPT ) โ Best for SaaS, tech, and startups targeting US customers/investors โ ๏ธ Annual report, franchise tax must be proper and clear. Drop comments if y'all any kind of questions. Can help each other to learn more ๐ *This Post adhers to all community guidelines* *The image used below is sourced by web* * The content is based on personal knowledge and also have used ChatGPT for few doubts*
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