How to create a company in the United States?

Starting a business in the United States can be something very appealing due to the great economic opportunities that the country has. Perhaps the idea of starting a business can become overwhelming, so having some guidance with points that you can carry out will help you to make everything easier and more efficient.

How to create your company?

• Define the business idea:

The main thing is to have a clear idea about what you want to do. Therefore, we recommend you to make an evaluation of what product or service you are going to offer, the market you will target and what will be the factors that will help you to differentiate yourself from the competition. The purpose of this analysis is to know and make sure that you have an economic viability.

Offer products or services aimed at the Latino community, since it is a niche that is not being fully covered by large chains and corporations.

• The legal structure of your business:

The structure will depend on the type of company you wish to form, as well as the needs you are looking to cover:

*Sole Proprietorship: In this aspect there is no legal distinction between the owner and the business, since the debts and obligations are granted to a single person, this is usually the simplest and most economical way to carry out this process.

*Limited Liability Company (LLC): In this case it is also possible to be a sole proprietor, with the advantage of having legal protection, since personal assets will be protected in case the business has financial problems.

*Corporation: Several members are included, as well as each one of them is protected, although it typically includes more requirements for its compliance, as well as it is more expensive.

We recommend that you consult a lawyer to determine the best structure for your business.

• Make the registration:

This process varies according to the state where you will be operating, although the factors that cannot be missing are:

*Name of the company: Remember that this must be unique and must reflect the nature of the business, likewise we recommend you to verify if it is not already registered.

*State registration: If your company is registered as an LLC or a corporation, it is necessary to make the registration according to the zone where it will be operating.

*EIN: it is the tax identification number, provided by the Internal Revenue Service, it is important to have this information, since it is necessary to open commercial bank accounts and to hire employees.

• Open a commercial account:

Having a commercial account will allow you to have a better management of the business finances, making it easier to apply for credit or loans for future expansions.

• Promote your business:

When establishing your business it is important to make known what you offer, this can be done through social networks as well as print advertising.

We recommend that if your business is focused on the Latino community, add PagoLatino to your business, since you can sell international recharges, generating that union with the community and increase your income.

Follow these points to achieve success in the business of your dreams and start earning.