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Can a foreigner start a business in the USA?

I need to start a business in USA what are the legal procedures i need to follow?

  • hi guys im an indian.i am interested to start a business in USA or UK.....what would be the procedure to start.i need some help and do anyone has any idea....i would like to have partners.so if anyone is interested pls reply me back.i am starting my carrier so i will open it after two years only.so that i have enough time to plan and have enough funnds for the business...i have few more ideas too in my mind.....thanks for ur reply in advance.. if anyone's interested get me back on [email protected]

  • Answer:

    Starting a business involves planning, making key financial decisions and completing a series of legal activities Step 1: Writing a Business Plan This written guide will help you map out how you will start and run your business successfully. Go to http://sba.gov/smallbusinessplanner/plan/writeabusinessplan/index.html or http://www.score.org/template_gallery.html for instructions on how to write a business plan and sample business plans. Step 2: Get Business Assistance and Training Take advantage of free training and counseling services, from preparing a business plan and securing financing, to expanding or relocating a business. Go to http://www.score.org/mentors and enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a volunteer SCORE mentor. They will guide you through the process and you can meet with them as many times as you need. Step 3: Choose a Business Location Get advice from a commercial real estate agent on how to select a customer-friendly location and comply with zoning laws. Step 4: Finance Your Business Find government backed loans, venture capital and research grants to help you get started. Any bank will require a business plan that shows that you can pay back the loan. You should have a credit score of at least 700. You will personally have to put up 30% of the funds as no bank is going to assume all of the risk. If you cannot get a loan, look at peer to peer lending sites such as http://www.kickstarter.com/ and http://www.prosper.com/ Step 5: Determine the Legal Structure of Your Business Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative. You can do it yourself by going to your states website and then to the Secretary of the State section. There you will find a downloadable form. Fill it out and mail it in, together with the filing fee and in about a week, you will be an LLC. Step 6: Register a Business Name ("Doing Business As") Register your business name with your state government. Go to your states website and then to the Secretary of the State section. Step 7: Get a Tax Identification Number Learn which tax identification number you'll need to obtain from the IRS and your state revenue agency. http://www.irs.gov/businesses/small/article/0,,id=98350,00.html Step 8: Register for State and Local Taxes Register with your state to obtain a tax identification number, workers' compensation, unemployment and disability insurance. Step 9: Obtain Business Licenses and Permits Get a list of federal, state and local licenses and permits required for your business. Step 10: Understand Employer Responsibilities Learn the legal steps you need to take to hire employees. http://www.irs.gov/businesses/small/article/0,,id=172179,00.html

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Starting a business involves planning, making key financial decisions and completing a series of legal activities Step 1: Writing a Business Plan This written guide will help you map out how you will start and run your business successfully. Go to http://sba.gov/smallbusinessplanner/plan/writeabusinessplan/index.html or http://www.score.org/template_gallery.html for instructions on how to write a business plan and sample business plans. Step 2: Get Business Assistance and Training Take advantage of free training and counseling services, from preparing a business plan and securing financing, to expanding or relocating a business. Go to http://www.score.org/mentors and enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a volunteer SCORE mentor. They will guide you through the process and you can meet with them as many times as you need. Step 3: Choose a Business Location Get advice from a commercial real estate agent on how to select a customer-friendly location and comply with zoning laws. Step 4: Finance Your Business Find government backed loans, venture capital and research grants to help you get started. Any bank will require a business plan that shows that you can pay back the loan. You should have a credit score of at least 700. You will personally have to put up 30% of the funds as no bank is going to assume all of the risk. If you cannot get a loan, look at peer to peer lending sites such as http://www.kickstarter.com/ and http://www.prosper.com/ Step 5: Determine the Legal Structure of Your Business Decide which form of ownership is best for you: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, S corporation, nonprofit or cooperative. You can do it yourself by going to your states website and then to the Secretary of the State section. There you will find a downloadable form. Fill it out and mail it in, together with the filing fee and in about a week, you will be an LLC. Step 6: Register a Business Name ("Doing Business As") Register your business name with your state government. Go to your states website and then to the Secretary of the State section. Step 7: Get a Tax Identification Number Learn which tax identification number you'll need to obtain from the IRS and your state revenue agency. http://www.irs.gov/businesses/small/article/0,,id=98350,00.html Step 8: Register for State and Local Taxes Register with your state to obtain a tax identification number, workers' compensation, unemployment and disability insurance. Step 9: Obtain Business Licenses and Permits Get a list of federal, state and local licenses and permits required for your business. Step 10: Understand Employer Responsibilities Learn the legal steps you need to take to hire employees. http://www.irs.gov/businesses/small/article/0,,id=172179,00.html

Henry

Nothing too complicated if it's a sole proprietorship. You'll just need to register DBA (doing business as) with your county recorder and get a business license in the city in which you are doing business in. If it's a company or corporate you're forming then the process is a bit more extensive.

Johnny

For this you have to take permission from local government authorities.

Andrew Strauss

Nothing too complicated if it's a sole proprietorship. You'll just need to register DBA (doing business as) with your county recorder and get a business license in the city in which you are doing business in. If it's a company or corporate you're forming then the process is a bit more extensive.

Johnny

For this you have to take permission from local government authorities.

Andrew Strauss

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