US SERVICES

Starting a business in US one of the best decision any business owner can make. According to World Bank data US stands number 8 in ease of forming & running a business. The Great State of Delaware is notoriously famous for being most business friendly for incorporating a company.

Why do business in US

• The world’s Largests Market The United States offers the largest consumer market on earth with a GDP of $18 trillion and 325 million people. Household spending is the highest in the world, accounting for over a 25% of global household consumption. At the same time, free trade agreements with 20 other countries provide enhanced access to hundreds of millions of additional consumers – and the United States continues to work with foreign partners to increase opportunities for U.S. exporters.
• Ease of doing Business. The United States is ranked among the best Globally for its overall competitiveness and ease of doing business. Backed by a regulatory environment that is particularly conducive to starting and operating a business, U.S. business culture encourages free enterprise and competition. As a stable democracy with a transparent and predictable legal system, all companies – regardless of national origin – compete on an even playing field.
• Abundant Resources. As the third largest nation by geography, the United States is home to vast and varied landscapes with abundant natural resources – including petroleum and natural gas. These diverse regions are connected by an expansive infrastructure network and services that help companies efficiently produce and move their products.
• Access to Capital. The United States hosts the most developed, liquid, flexible, and efficient financial markets in the world. A wide range of funding sources – from banks and investment firms to venture capitalists and angel investors – enable innovation and expansion, giving companies in the United States an important advantage.

Citizenship Non-Requirement. U.S. citizenship and residency are not requirement in US to incorporate a company. Non-U.S. citizens are free to start or expand in the United States without wading through any more red tape than a U.S.-born small business owner.

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Citizens and residents of other countries outside of the United States are free to incorporate their business on U.S. soil. The primary benefit of incorporation is that your personal assets are protected from risks such as losing your house or savings.

In deciding which legal structure to set up, many non-U.S. companies operating in the United States consider the following business types:

• Limited liability Company (LLC). An LLC is appealing because it has no limit on the number of owners (members) or who can be an owner. Also, LLCs allow for passthrough taxation, where no tax is paid on business profits at the entity level. Instead the profits/losses are reported on the owners individual tax returns and any tax due is paid at the individual level.
• C Corporation. The standard corporation, or C corporation, also does not have limits on the number of owners (shareholders) or restrictions on who can be an owner. Unlike an LLC, the profits of a C corporation are taxed at the entity level. If the corporations profits are then distributed to shareholders as dividends, the shareholders must pay income tax on those dividends. This creates what is called a double taxation of the corporations profits. Another business structure called S corporation (Which avoids Double Taxation) is not allowed to foreign nationals in the US.

Every company incorporated in US Requires a registered agent who is either a US Citizen or US Resident, for receiving communication etc from concerned department. We provide an agent for provisional period for 6 months as part of our incorporation package.

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For US Citizens apart from LLC & C-Corporation, they have additional business structure options.

• Sole proprietorship. The sole proprietorship is the simplest business. A sole proprietorship is not legally separate from the business. No state paperwork is required for creation. .Disadvantages are that Sole proprietorships by definition can only have one owner. The law does not distinguish between the owners personal assets and the business’s
• General partnership. A general partnership is the simplest variety of partnership, and created automatically when two or more persons engage in a business enterprise for profit. No state paperwork is required for creation. general partnership offers owners no liability
• Protection—partners are all liable for business debts and obligations and their personal assets can be used to satisfy those debts.
• Limited partnership.A limited partnership (LP) is owned by two classes of partners: general and limited. General partners manage the enterprise and are personally liable for its debts. Limited partners contribute capital and share profits, but typically do not participate in management. LPs enjoy pass-through taxation The general partner(s) face unlimited liability.
• Limited liability partnership. A limited liability partnership (LLP) is a hybrid, sharing attributes of partnerships and limited liability companies (LLCs). LLP partners participate in the management of the business, as in general partnerships, and the personal assets of the partners typically cannot be used to satisfy business debts and liabilities, as in an LLC. LLPs enjoy pass-through taxation.
• S corporation.An S corporation is a standard corporation that has filed for special tax treatment with the Internal Revenue Service (IRS). S corporations have pass-through taxation—thereby sidestepping the double taxation of corporate profits borne by C corporations. Shareholders are typically not personally responsible for business debts and liabilities. S corporations have unlimited life extending beyond owner illness or death.The IRS imposes restrictions on S corporation shareholders: they must number 100 or fewer; be individuals, estates or certain qualified trusts; and cannot be non-resident aliens

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This table provides an at-a-glance reference for comparing the most common business entity types

Download - Business Type Comparison Table

"Bookkeeping is much like going to the dentist—no one really wants to take the time out to do it but neglecting the issue can lead to serious repercussions."

Accounting is a specialized operation carried out through the year in all organizations. It is at the heart of the financial stability and success of a company. The practice of proper financial accounting procedures and bookkeeping is absolutely necessary to portray an accurate picture of the financial health of a company.

BENEFITS:

• Outsourcing Enables Strategic Redeployment of Staff
• Ensures Daily Monitoring of Accounting Rules and Implementation
• Companies get the Best Accounting Heads on the Job
• Companies can benefit from Advanced Technological Know-how
• Stringent Attention to Security and Confidentiality Ensures Business Confidence
• 24×7 Operations
• Cost effective services – Save Money and Time
• Avoiding reconciliation worries related to financial institutions

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Many businesses, however, find running these processes as part of in-house operations, cumbersome and expensive. Therefore, many companies are increasingly preferring to outsource their finance and accounting operations, obtaining plenty of benefits as a result. In spite of being considered as non-core, accounting services form an integral part of an organization’s operational capabilities and systematic functioning. Therefore, outsourced accounting definitely help streamline core business operations of an organization.

SERVICES PROVIDED:

• Prepare monthly bank reconciliations, ensuring accuracy of expenses and income
• Prepare monthly journal entries
• Prepare monthly financial statements - Income Statement and Balance Sheet
• Prepare project status reports, delivered to customers weekly
• Draft invoices weekly
• Review A/R Aging on a weekly basis and support payment collection
• Assist in forecast updates and cash burn analyses on a weekly basis
• Prepare monthly margin analyses
• Update utilization metrics on a weekly basis
• Maintain sales and referral commissions schedules
• Oversee Accounts Payable
• Manage accounting system

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For those CPAs and Firms who are engaged in accounting & bookkeeping services and would prefer to spend their valuable time and manpower resources on more profitable & Value adding services, SSRN & CO. can become your back office who can work with you in this regard. We maintain transparent communication with you, the CPA in providing you with your client’s updates and progress reports throughout the year. We are your back office.

Our staff works closely with your firm. We complete all the necessary bookkeeping functions required for you to complete the year end obligation such as preparation of tax returns and year-end attest functions.

Services:

• Simplify your year-end with timely information
• Provide reconciled bank, credit cards, loans and other balance sheets accounts
• Tailor financial reports to meet your general ledger groupings
• Prepare project status reports, delivered to customers weekly
• Clean up and adjust client financial records during your busy season saving you valuable time
• Assist with additional reporting and accounting services making it easier to service your clients

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