At Danoy, we operate extensively as the finance department for companies and organizations that operate globally. Since we work with many technology companies and startups whose main target audience is in the United States, we often recommend these companies to open an American company and manage their business and financial activities through it.

This is how we open a company in the United States, and how have we simplified the process into a few easy steps:

1. Choosing the State in which the company will be established: The first step in the process, before submitting the forms, is to decide in which state the company will be established. The United States has 50 states, each with its unique corporate laws and tax regulations. Part of our role as the client’s outsourced finance department is to understand if there is a need to register the company in a specific state due to a special connection to it (for example, the existence of a store or development center). If there is no special connection to any state, we may recommend opening the company in a state with favorable incorporation conditions, such as Delaware.
2. Submitting Form SS-4 and obtaining an Employer Identification Number (EIN): In the United States, Form SS-4 is an application form for an Employer Identification Number (EIN). The form is submitted to the United States tax authorities (IRS). After the application is successfully processed, the company will receive a 9-digit number that will be used in future reports and forms (similar to a company ID number).
3. Opening an American bank account: Once our client has received an EIN, we can open an American bank account for them through which they will manage their financial activities in the United States. We also assist our clients with this process.
4. Connecting to payment systems and starting business activities: Once the bank account is open, we help our client connect to payment systems so they can collect payments from customers. After that, our client can start their business activities.

It is important to note that beyond the technical actions of opening a company in the United States, such as filling out forms, at Danoy we give great importance on the planning behind the company opening. We help our clients find the best conditions in all 50 states, based on our familiarity with the tax laws of each state. We consider many parameters before making our recommendation, including whether the company will employ workers in the United States (and if so, how many), how many transactions it is expected to carry out per year, whether it will have physical assets such as warehouses, stores, or offices, and if so, where.

Each such consideration may affect the level of connection (Nexus) of the new company to a particular state. This level of connection may, in turn, affect the type of tax, the tax rate that will apply to our client, and other laws that may apply to them.

We strive to identify the state with the optimal conditions for our client from all these aspects and help them open a company in the quickest and simplest way, so they can focus on business development and activities.

If you also need help opening a company in the United States, contact us.