Establishing a company in America is a subject that everyone interested in e-commerce is curious about. You do not need to be a US citizen to establish a company in America. You can own a company in America even while you are at home.
Having your company in America gives you the opportunity to sell to the whole world without any problems. E-commerce platforms (like Etsy, EBay, and Amazon) take you seriously. You have less risk of suspension than accounts opened individually and you can easily pass account verifications. You can set your location to America on Etsy; You can benefit from the priority Etsy gives to local sellers and have the opportunity to sell more.
You pay your taxes in a lump sum once a year and do not need to pay any other fees. If you purchase the Package -2 option during the establishment of your American company, you will not need to pay taxes or any other transactions regarding your company throughout the year. You can present income and expenses by connecting cloud-based accounting programs (Xero, Wave, Quickbooks, etc.) to the platforms you sell on. Even a simple Excel spreadsheet is acceptable. In America, no invoice is required, the fiduciary declaration system is valid. It is important that your expenses and income match your declaration. After opening your company in America, you should use company credit cards and bank accounts, not your personal bank accounts.
Time to Open a Company (Establishing an LLC) in America:
Establishing a company (LLC) and opening banks accounts in the USA takes approximately 2 months.
Getting your unique address in the USA: 1-5 business days
Company formation: 1-5 business days
Get an EIN number: 4-5 weeks
EIN Number if SSN number (Social Security Number): 1-5 business days
Each bank account opening: 1-5 business days
PACKAGE -1
Company Name Research
Company Articles of Association and Establishment Documents
Wyoming State Tax (1 Year)
Registered Agency Representative (1 Year)
EIN (Employer Identification Number)
Tax Calendar
Virtual Office Address Registered in Your Company's Name (1 Year): (In addition to the 320 USD fee, 99 USD will be deducted from the company owner's own credit card)
Company Name Research: More than one company with the same name cannot be opened in the same state. This is the first step to be taken before starting the company opening process of your choice.
Company Articles of Association and Establishment Documents: All contracts and documents of your company will be prepared completely and delivered to your account where you can access them at any time.
State TAX (1 Year): If your company will operate in the field of e-commerce, it is definitely recommended to be established in the State of Wyoming. No further payments for the state are required throughout the year.
EIN: EIN (Employer Identification Number) is the tax identification number used for companies. Paying taxes, opening bank accounts, etc. It is necessary for. The EIN number allows the business to be officially recognized and conduct financial transactions.
Registered Agency Representative (1 Year): The US government requires the appointment of a registered agent for your company. The representative prepares and establishes your company's founding documents and is the intermediary who handles your company-related correspondence.
TAX Calendar: It is a service offered specifically for your business, in which you will make tax payments and declarations according to the date of establishment of your company.
Virtual Office Address Registered in Your Company's Name (1 Year): For businesses whose field of activity will be e-commerce, it is definitely recommended to obtain an address registered in the name of the company. Common addresses used to open accounts in marketplaces (such as EBay, Etsy, Amazon) cause the account to be suspended. This risk is eliminated when you purchase an address in your own name. Because in accounts using a common address, when the account using the same address is suspended, the platform; It matches accounts and automatically suspends all accounts registered to that address.
Your address registered with the USPS (United States Postal Service) on behalf of your business is created and no one other than your business can use this address. In addition to the package price; 99 USD is charged only to the credit card in the business owner's name.
PACKAGE -2
Although package 1 is included;
FinCen BOIR Statement
Wise Company Bank Account Opening (31 USD one-time account opening fee excluded)
Payoneer Company Bank Account Opening
Mercury Bank Company Bank Account Opening (Special requirements for Mercury must be completed)
FinCen BOIR Statement: As of January 1, 2024, companies in the United States have been required to make this declaration. It aims for transparency and accuracy of the information you declare in your company. From this date on, America now recognizes and registers company owners.
Every business established as of January 1, 2024; within 90 days from the date of establishment; For transactions established before 2024, this must be done by the end of 2024. Businesses that do not make this declaration may face a daily fine of 500 USD and imprisonment.
Wise Company Bank Account: It is a bank based in England. Small businesses are its target audience. Commission rates are very low, e-commerce merchants use it as an intermediate bank. It has a physical debit card for UK businesses but has suspended issuing debit cards for US businesses.
Payoneer Company Bank Account: It is an American bank. It is accepted by platforms such as Amazon, EBay and Etsy. You can only send and receive money between your earnings on the marketplaces and Payoneer accounts. It sends your physical bank card to your residence address. When 100 USD is deposited into your account from the marketplaces, you are entitled to receive a physical card. You can withdraw cash from ATMs all over the world.
Mercury Bank Company Bank Account: It is an American bank. It is accepted by platforms such as Amazon, EBay and Etsy. Only USD accounts can be opened as currency. You can issue a virtual card as soon as the account is ready. Etsy requires both a bank account and a debit card to withdraw the fee. At this stage, you can immediately load the Mercury Bank virtual card into your account. It sends your physical bank card to your residence address. You can withdraw cash from ATMs all over the world.
Requirements for Mercury Bank Account Opening:
1. Passport
2. Active account link on an e-commerce platform such as Ebay, Etsy, Amazon or company website link
3. Linkedin account link (Must appear as "Founder" of the company owner)
4. Bank account statement of the owner of the company with equity capital of 500-1000 dollars (Money can be withdrawn from the account immediately after the statement is received)