How long does it take to form a company in the US?
Here’s a breakdown of the steps involved in starting your business:
1. State Incorporation: We’ll incorporate your company in the state of your choice, a process that typically takes 1-2 weeks.
2. EIN Number: After your company is incorporated, we’ll begin the process of obtaining your Employer Identification Number (EIN).
Note: While a U.S. Social Security Number (SSN) is not required to obtain an EIN, having one can significantly speed up the process.
Timeline (with SSN): A few days
Timeline (without SSN): On average, 4-8 weeks
Get Started in Few Simple Steps!
1) Form Your Company
As soon as we get some information and payment, we start forming your company!
We don’t need any documents to get started. Just fill out our form with:
• Your Company Name
• Your Personal Address (Anywhere in the world!)
• Your Email (So we can stay in touch!)
*Note: Later in the process, you may need your passport to set up your bank account. Timeline: 1 week (on average!)
Dependencies: State processing speeds
2) Apply for Your EIN
Once your company is formed, we start working on your EIN application (Employer Identification Number).
Timeline (with SSN): 1 week (on average!) Timeline (without SSN): 2-6 weeks (on average!)
Dependencies: The IRS (Internal Revenue Service) processing speeds.
3) Set Up Your Bank
Once you get your EIN (required for a bank account!), you’re ready to apply for a U.S. Bank Account through our custom partner portal. A passport is required for this step.
Timeline: 1-2 weeks (on average!)
Dependencies: The bank set up process.
4) Payment Processor
Once your bank account is set up, we’ll help you connect it to your payment processor so you can start accessing the payments sent to your account!
Timeline: A few days (on average!)
Dependencies: The payment processor process
5) IRS Tax Filing + State Compliance
Our services renew to keep compliant, legal and relaxed year after year. Our partnered certified CPA will make all the necessary filings to keep you in good standing with the State and the IRS.
Timeline: On-going
(IRS Tax filings once a year + state compliances vary form state to state)
For more details, check out the Startxpress Help Center and Blog. If you need assistance, contact us at support@startxpress.io! We’re here to help make managing your business as smooth as possible.
Related Articles
- Company Name: What to consider when choosing a company name in the US?
- Will the company be under my name or Startxpress’?
- A State by State Guide of LLC Fees
- LLC vs. C-Corp: How To Choose What’s Best For You
- Should I form in Wyoming or Delaware?
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