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Embarking on the journey of registering a company in the United States can significantly enhance your business's credibility and market access. This guide provides insightful steps designed specifically for foreign entrepreneurs to seamlessly navigate the US company registration process.
Delaware franchise tax is owed every year regardless of income or activity: LLCs and LPs pay a flat annual tax by June 1, while corporations pay a share-based tax plus an annual report by March 1. Missing the deadline triggers a $200 penalty and 1.5% monthly interest, and immediately costs the company its good standing. A corporation's charter becomes void after two years of non-payment and an LLC is administratively cancelled after three, after which the entity can only be restored by filing a revival certificate and paying every year of back tax, penalty and interest.
An EIN is permanent: the IRS never reuses or reassigns it, so dissolving a corporation does not cancel or expire the number. Dissolution is a state-level event, while the EIN is a federal record that stays open until every final return is filed and the owner sends the IRS a written request to close the business account. If the same legal entity is later revived or reinstated, it keeps its original EIN; only a brand-new entity needs a new one.
