Types of companies in the USA
- Limited liability corporation – LLC
- Responsibility
- Minimum capital
- Min. shareholders
- Recommended for
- Limited liability corporation – LLC
- Limited
- No min.
- 1
- SMB
- Publiccompany
- Limited
- No min.
- 1
- SMB
- Sole proprietorship
- Unlimited
- No min.
- 1
- Sole holder
- General partnership
- Unlimited
- No min.
- 1
- Associates
- Limited partnership
- Limited
- No min.
- 2
- Associates
- Corporation
- Limited
- No min.
- 1
- –
Corporate tax rate in the USA
The corporate tax in the USA is divided into two parts:
- At the federal level: 21% for every company (progressive taxation has been suppressed in 2017 as part of the Tax Cuts and Job Acts for a flat rate),
- At the state level: it oscillates between 0% for South Dakota or Wyoming for example and 12% for Iowa.
Globally, the tax rate in the USA oscillates between 21 and 33%.
Questions
Why should I incorporate my company in the USA?
- The job market is flexible.
- The country becomes more and more independent on energy.
- The dollar has a very important place in the international monetary system.
- The country is very appealing, it is leader for research and development and innovations.
- The American market is huge.
- Company’s tax level are low.
Which difficulties can be encountered in the USA?
- Inequalities are growing.
- Fertility rate is slowing down.
- Households are highly indebtedness, at 131% of their disposal income.
- Numeral infrastructures are old.
- Households have a low geographical flexibility.
Which are the cultural specificities of the world of work in the USA?
- Punctuality is important, delays can be perceived as a lack of respect. Likewise, reaching one’s objectives is crucial.
- At the beginning of a collaboration, it is ordinary to call the interlocutors by their title but, quickly, first names are used.
- American interlocutors are franc and direct.
- It is necessary to present a business card with all the contact details.
- In business, writing is preferred as oral.
- The networking is crucial to establish and develop business contacts.
