Registering A Business And Staying Compliant
Registering your business is a crucial initial step for the E2 Visa. We are located in Florida, and here, like in many other states, you will need to register your business with the Florida Department of State or the equivalent department in your state. Registering your business at the state level is the first essential move in this process.
The exact requirements for staying in compliance may differ depending on the type of business entity you establish, whether it’s a corporation, an LLC, or a partnership. Each form of business has distinct rules to consider. In most cases, there are annual reporting requirements to maintain compliance.
We routinely provide assistance for business formation and incorporation not only in Florida, but in whichever State you want to incorporate your business. If you have detailed questions about compliance, particularly for specific business types, we have to direct you to a business attorney or an accountant. They often specialize in these niche areas, and these matters can become more involved beyond the scope of our E2 representation.
Hiring And Sponsoring Skilled Foreign Workers
One of the benefits of the E-2 visa is that you can hire other E-2 essential employees to come and work for your E2 business. If you know someone in your home country whom you would like to hire, you can potentially do so if you already hold an E-2 visa. I find that people often already have a business with employees, and they wish to bring their employees with them to the United States. This is not a problem with an E-2 visa, so long as they meet specific requirements and qualifications, including the treaty country requirement and some other requirements.
Optimizing Tax Liabilities As A Foreign Entrepreneur
Among the many considerations for foreign entrepreneurs, taxes rank among the highest, and how to optimize your tax situation is a pressing concern for many. Doing this on your own is not advised, so you need to have a good US-based accountant helping you with taxes in order to determine strategies you can adopt to optimize your taxes.
In general, how you will be taxed will depend on how you form your business (for example, some corporations are taxed differently than partnerships). We will help you figure out what’s best for you, how many employees you expect to have, and how big you plan to grow your business, but even after doing this, the best thing to do is consult with a U.S. based accountant. They will give you clear answers about how you will be taxed on a personal and business level.
For more information on Legal Regulation Considerations For Foreign Entrepreneurs, an initial consultation is your next best step. Get the information and legal answers you are seeking by calling (305) 306-7833 today.
