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Can I open a company without Social Security?Yes, it is worth clarifying that you do not need any type of identification when opening a company in the US. Having a Social Security or ITIN makes the process faster, but it is still possible.
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Where can I find information about the licenses my business requires?In addition to possible business licenses in general, it is important to inquire about the licenses required by the state where the business is located. To know more about it you can access SBA . You can seek legal advice here HERE
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What is the best business structure?It is not that there is a better and a worse business structure. All were created with the objective of benefiting specific activities and ways of operating. Currently, for a person who has recently arrived in the US, it is recommended to create an LLC. A Limited Liability Company (LLC) is a type of business entity that combines certain characteristics of a corporation and a limited partnership (partnership). Some of the features of an LLC include: Limited Liability: The members (owners) of the LLC have limited liability for the debts and obligations of the company, meaning that their personal liability is limited to their investment in the company. Tax Flexibility: Unlike corporations, LLCs do not have a specific tax structure, allowing them to choose their tax treatment as either a pass-through entity or an entity taxed as a corporation. Flexible management structure: LLCs can be managed directly by their members or have a management team, depending on the needs of the company. Growth and financing: LLCs have the ability to attract investors and financing, and can be used to finance a variety of business activities. Simplified Documentation: LLCs generally have fewer documentation and reporting requirements than corporations, making them easier to manage and maintain.
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What are all the business structures that exist in the US?In the United States, there are several business structures, each with unique characteristics and requirements. Below are some of the most common business structures: Sole Proprietorship: A sole proprietorship is owned and run by a single person. The owner is personally responsible for all debts and obligations of the company. Partnership: A partnership is owned and operated by two or more people. The partners share profits and losses, and are responsible for the debts and obligations of the company. Limited Liability Company (LLC): An LLC is a hybrid business structure that combines the characteristics of a partnership and a corporation. LLC members have limited liability for the company's debts and obligations, and can choose their tax structure. Corporation: A corporation is a legal entity separate from its owners. Shareholders of a corporation have limited liability for the company's debts and obligations, and can choose their tax structure. Cooperative: A cooperative is owned and operated by its own members, who share the benefits and costs of the enterprise. Nonprofit: A nonprofit organization is a business entity that focuses on social mission and does not distribute profits to owners or shareholders. Benefit Corporation: A benefit corporation is a business entity that has a specific social or environmental mission and strives to make a positive impact on society and the environment. S Corporation: An S Corporation is a corporation that has elected special tax treatment that allows it to avoid double taxation on corporate income. Each business structure has its own advantages and disadvantages, and it is important to choose the right structure for the needs and objectives of the company.
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What is the EIN?The EIN, or Employer Identification Number, is a nine-digit number that the Internal Revenue Service (IRS) assigns to businesses for tax identification purposes. It is also known as the tax identification number (TIN) or the employer identification number (EIN). Businesses need an EIN to file tax returns, hire employees, and open business bank accounts. An EIN is also required for businesses that operate as corporations, partnerships, trusts, and certain nonprofit organizations.
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What is the Duns Number?DUNS, or DUNS, stands for "Data Universal Numbering System" and is an identification numbering system used to identify companies and organizations. The DUNS is a nine-digit number used to uniquely identify a company worldwide. It is used in a wide range of business applications, including submitting credit applications, bidding for government contracts, and risk management. DUNS is managed by Dun & Bradstreet, a company dedicated to the collection and analysis of business information. Businesses can obtain a DUNS number for free through the Dun & Bradstreet website.
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If my social code says “not valid for employment”, can I open a business in the US?You cannot open a business in the US with a Social Security number that is not valid for employment, also known as a "non-employment SSN." The Social Security number is issued to individuals who are permitted to work in the United States, and is used for identification purposes and to file tax returns. However, if a person does not have a work permit but still wants to open a business in the United States, they can apply for a tax identification number (EIN) through the Internal Revenue Service (IRS). The EIN is a nine-digit number used to identify a company in the US tax system and can be obtained without needing a valid SSN for employment.
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How long does it take to register an LLC?The time it takes to register an LLC (Limited Liability Company) in the United States can vary depending on several factors, including the state in which you are registering the LLC and the method you choose to file paperwork. In general, though, here's a general guide to how long it might take: Documentation Preparation: Before registering, you must prepare the necessary documentation, such as the name of the LLC, business address, members or managers of the LLC, and other details according to state regulations. Submission of Documentation: Submission of documents can be done online, by mail or in person, depending on the state. Filing online is usually the quickest option. If you file by mail or in person, it may take longer due to the shipping and processing process. State Processing: The LLC processing process in the state varies. Some states process applications faster than others. Some states offer expedited processing services for an additional fee. Approval and Final Documentation: Once the state approves your application and the registration process is complete, you will receive official documents confirming the creation of the LLC, such as the articles of organization. In many states, the registration process can take anywhere from a few days to several weeks. In some cases, especially if you choose expedited processing services, it may be possible to register an LLC in just a few days. However, on average, the entire process could be expected to take 1 to 4 weeks. It is important to check the specific requirements and deadlines in the state where you are registering the LLC, as regulations can vary significantly. Additionally, please consider that during certain periods of the year, such as tax seasons, processing may take longer due to high demand.
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How much does it cost per state to create a business?The cost of starting a business in the United States can vary significantly depending on the state in which you want to establish your company and the type of legal structure you choose. Here is a general breakdown of the possible costs involved in starting a business in the US: State Registration Fees: Each state has its own registration fees for forming a business entity, such as an LLC or corporation. These fees can range from around $50 to several hundred dollars. Publication Fees: Some states require that you publish a public announcement about the formation of your company in a designated newspaper. This may add additional costs, which vary by state and location. Legal and Consulting Fees: If you decide to work with a lawyer or legal advisor to assist you in the training process, there will be fees associated with their services. Business Name Registration Fees: If you choose to operate under a business name other than your entity's legal name, you may be required to register it and pay a fee. Federal Fees: Depending on the type of legal entity you form, there may be federal fees associated with filing documents with the Securities and Exchange Commission (SEC) or other federal agencies. Online Services Fees: If you decide to use online services to form your business, there will be fees associated with those services. License and Permit Fees: Depending on your industry and location, you may need to obtain additional licenses or permits to operate your business legally. These rates vary by state and industry. Other Expenses: In addition to specific fees, you should also consider other startup expenses, such as setting up a website, obtaining business insurance, and other operating costs. It is important to research and understand the specific costs in the state where you plan to form your business. Each state has different regulations and fees, so it is advisable to consult government resources and consider working with a business or legal professional to ensure you meet all necessary requirements and costs. You can use our cost calculator by state.
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How to access Amazon Flex video?You can access through this link https://www.globalgoldenbulls.com/cursosygrabaciones
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What is the difference between making a logo or a visual identity for the business?The logo and visual identity are two interrelated but distinct concepts in graphic design and creating a brand image for a business. Here I explain their differences: Logo: A logo is a simplified and distinctive visual representation of a business, brand or product. It is usually an image, symbol, or set of letters used to visually identify the company. The logo is an essential part of the visual identity, but it is not the complete identity by itself. An effective logo should be memorable, simple and versatile as it will be used in different contexts and marketing materials. Visual identity: Visual identity is a broader and more complete set of visual elements that represent a company or brand. It goes beyond the logo and encompasses all the visual aspects that communicate the brand's personality and values. This can include corporate colors, typography, patterns, illustrations, photography, graphics, stationery design, website design, social media elements and more. The visual identity ensures visual coherence at all points of contact with the public, which helps establish a strong and recognizable image of the brand. In short, while a logo is a specific and distinctive part of visual identity, visual identity is a broader, cohesive system of visual elements that work together to create a complete and coherent visual representation of a company or brand. Both are essential to building a strong and recognizable brand in the market.
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