Setting up an American Corporation
#1
Setting up an American Corporation
I've just recently been offered an excellent business opportunity working with a company in Atlanta. The only thing is that they would prefer it if I was a corporation as they would get better tax breaks in paying me.
Has anyone else from the UK come to the US and set up a corporation??
My area is web development and it will be only myself working under the banner. It will be home based (working remotely with these chaps in Atlanta) but I'm curious to know if this would benefit me or if it's not advised.
The company I'm working with say they will set it all up for me as this is part of their core business too so I have the help there. But I don't want to agree to something that's going to be problematic in the future.
The offer is extremely lucrative though so I can't ignore it.
I have my EAD and SSN but would I be able to set up a Corp given that I have no GC yet?
Any experiences or advice would be appreciated.
Excuse my grammar, too much Vodka and Red Bull. We’re celebrating the offer
Has anyone else from the UK come to the US and set up a corporation??
My area is web development and it will be only myself working under the banner. It will be home based (working remotely with these chaps in Atlanta) but I'm curious to know if this would benefit me or if it's not advised.
The company I'm working with say they will set it all up for me as this is part of their core business too so I have the help there. But I don't want to agree to something that's going to be problematic in the future.
The offer is extremely lucrative though so I can't ignore it.
I have my EAD and SSN but would I be able to set up a Corp given that I have no GC yet?
Any experiences or advice would be appreciated.
Excuse my grammar, too much Vodka and Red Bull. We’re celebrating the offer
Last edited by rincewind; Nov 18th 2004 at 1:30 am.
#2
Re: Setting up an American Corporation
Originally Posted by rincewind
I've just recently been offered an excellent business opportunity working with a company in Atlanta. The only thing is that they would prefer it if I was a corporation as they would get better tax breaks in paying me.
Has anyone else from the UK come to the US and set up a corporation??
My area is web development and it will be only myself working under the banner. It will be home based (working remotely with these chaps in Atlanta) but I'm curious to know if this would benefit me or if it's not advised.
The company I'm working with say they will set it all up for me as this is part of their core business too so I have the help there. But I don't want to agree to something that's going to be problematic in the future.
The offer is extremely lucrative though so I can't ignore it.
I have my EAD and SSN but would I be able to set up a Corp given that I have no GC yet?
Any experiences or advice would be appreciated.
Excuse my grammar, too much Vodka and Red Bull. We’re celebrating the offer
Has anyone else from the UK come to the US and set up a corporation??
My area is web development and it will be only myself working under the banner. It will be home based (working remotely with these chaps in Atlanta) but I'm curious to know if this would benefit me or if it's not advised.
The company I'm working with say they will set it all up for me as this is part of their core business too so I have the help there. But I don't want to agree to something that's going to be problematic in the future.
The offer is extremely lucrative though so I can't ignore it.
I have my EAD and SSN but would I be able to set up a Corp given that I have no GC yet?
Any experiences or advice would be appreciated.
Excuse my grammar, too much Vodka and Red Bull. We’re celebrating the offer
NC Penguin
#3
Re: Setting up an American Corporation
Originally Posted by rincewind
I've just recently been offered an excellent business opportunity working with a company in Atlanta. The only thing is that they would prefer it if I was a corporation as they would get better tax breaks in paying me.
Has anyone else from the UK come to the US and set up a corporation??
My area is web development and it will be only myself working under the banner. It will be home based (working remotely with these chaps in Atlanta) but I'm curious to know if this would benefit me or if it's not advised.
The company I'm working with say they will set it all up for me as this is part of their core business too so I have the help there. But I don't want to agree to something that's going to be problematic in the future.
The offer is extremely lucrative though so I can't ignore it.
I have my EAD and SSN but would I be able to set up a Corp given that I have no GC yet?
Any experiences or advice would be appreciated.
Excuse my grammar, too much Vodka and Red Bull. We’re celebrating the offer
Has anyone else from the UK come to the US and set up a corporation??
My area is web development and it will be only myself working under the banner. It will be home based (working remotely with these chaps in Atlanta) but I'm curious to know if this would benefit me or if it's not advised.
The company I'm working with say they will set it all up for me as this is part of their core business too so I have the help there. But I don't want to agree to something that's going to be problematic in the future.
The offer is extremely lucrative though so I can't ignore it.
I have my EAD and SSN but would I be able to set up a Corp given that I have no GC yet?
Any experiences or advice would be appreciated.
Excuse my grammar, too much Vodka and Red Bull. We’re celebrating the offer
#4
Re: Setting up an American Corporation
Thanks guys. The company that made me the offer also handle the setup of Corporations so I've sent them an e-mail asking for more information. I don't want to do something that's going to go pear-shaped later on.
The main reasoning behind it is that they get a tax break paying me if I'm a corp which is why they are driving it.
The town I'm living in is growing with more and more office spaces being built so there is a potential for additional business as well as the work from Atlanta.
Dollars are blinding me right now so I'm trying to think it through before jumping in.
The main reasoning behind it is that they get a tax break paying me if I'm a corp which is why they are driving it.
The town I'm living in is growing with more and more office spaces being built so there is a potential for additional business as well as the work from Atlanta.
Dollars are blinding me right now so I'm trying to think it through before jumping in.
Last edited by rincewind; Nov 18th 2004 at 3:12 am.
#7
Re: Setting up an American Corporation
I did a quick google for you and found THIS SITE which has Georgia specific information. It says on the site that you can incorporate a C class corporation (the standard type of corporation) with only one person, but I am not sure of the citizenship/PR requirements.
I incorporated an LLC a few years back and that was easy and painless. I don't remember having to provide any kind of proof or residency.
If push comes to shove you could always have your wife as a director/shareholder.
Good luck to you and congrats!
I incorporated an LLC a few years back and that was easy and painless. I don't remember having to provide any kind of proof or residency.
If push comes to shove you could always have your wife as a director/shareholder.
Good luck to you and congrats!
#8
Re: Setting up an American Corporation
Thanks for the info guys. We were talking about setting this up in the new year. In the meantime, I'm paid in the usual way.
At least I have some time to research it all and find out if it's the best move to make.
At least I have some time to research it all and find out if it's the best move to make.