Yes, we support Spanish-speaking entrepreneurs from anywhere in the world. Our service has a global reach.
Absolutely! On an administrative and operational level, you can manage your business from the comfort of your country of residence. At Ually, we understand that distance should not be a barrier to the success of your company. Our goal is to be your solid support within the US territory, taking care of the administrative procedures that require physical presence. With our assistance, you can maintain total control of your business without having to be physically present in the United States.
For all our Business Services, we accept international credit and debit cards through PayPal, bank transfers, and Zelle.
Yes, we offer accounting and tax services except for businesses involved in the following commercial activities: insurance, financial services, and digital resource transactions.
We manage the appointment with the bank’s financial advisor (Chase, Regions, and BOFA), provide you with information about the requirements depending on the type of account that best suits your needs, and accompany you throughout the process. It is important to note that the opening of a bank account is 100% dependent on the financial institution.
If your intention is to open a bank account with one of the major banks in the country, such as the ones mentioned above, it will be necessary for you to visit a branch of the financial institution in the United States. However, there are also digital solutions like Mercury Bank and Brex Bank that allow you to open your business bank account online, without the need to go to the US territory. We also provide support in such solutions.
The timelines will be determined by each state. Remember that each state is independent and manages its procedures in different ways. However, based on our experience, on average, it takes 21 days to establish a company if you are a foreigner and 8 days if you are a US resident. This process includes obtaining the EIN (Employer Identification Number).
No, it is not necessary to be a US resident or have a special visa to open an LLC or a C-Corp, which are the most common types of companies, in the United States. However, S-Corps (Small Corporations) can only be formed by US residents.
Choosing the right state to start your business in the United States requires careful evaluation based on your preferences and the particularities of your company. For example, Florida is a popular choice among many Latinx entrepreneurs because it does not require the payment of state income taxes and offers a welcoming business environment.
Our team of experts at Ually can assist you in analyzing the advantages and disadvantages of each state, taking into account factors such as tax burden, business legislation, access to specific markets, and other relevant aspects for your industry. With our personalized guidance, we will provide you with the necessary information to make the best decision and maximize the potential success of your business in the United States.
The obligations associated with establishing your company in the United States will depend on the state of incorporation and the nature of your business activities. However, the main federal and state obligations arising from incorporating your business in the United States are:
Annual Report: This involves an annual renewal filing with the state where you registered your business. The report updates your company’s corporate and financial information.
Income Tax: You will need to file a federal income tax return or profit declaration for your company. This entails reporting the income generated and paying the corresponding taxes.
Sales Tax: You must file a state sales tax return, reporting the sales made by your company. This involves calculating and reporting the applicable sales taxes for transactions within the state.
At Ually, our team of experts is equipped to guide you through fulfilling these obligations and provide personalized assistance. We will ensure that you fully understand your tax and legal responsibilities, enabling you to comply with regulations and minimize any risks or inconveniences.