FREQUENTLY Asked
COMPANY FORMATION FAQ
A Limited Liability Company (LLC) is a flexible business structure that offers the limited liability protection of a corporation while providing the simplicity and tax benefits of a sole proprietorship or partnership
Protection of personal assets through limited liability
Flexible options for managing the business
Pass-through taxation, avoiding double taxation
Fewer legal and administrative requirements than corporations
Improved credibility with clients, partners, and financial institution
An LLC can operate almost any type of legal business, including retail, services, consulting, real estate, manufacturing, and more. However, some regulated industries may require additional licenses or approvals to operate
The cost to form an LLC depends on state filing fees, which vary by location. Some states may also require additional steps like reports or publications. We simplify the process with affordable LLC formation packages to fit your budget
A business address is the official location of your LLC. It’s essential for:
Receiving legal and tax documents
Registering your company with the state
Building trust with customers and vendors
A business address is the official location of your LLC. It’s essential for:
Receiving legal and tax documents
Registering your company with the state
Building trust with customers and vendors
A registered agent is an individual or company appointed to receive legal documents and official notices on behalf of your LLC. They must have a physical address in the state where your LLC is registered.
Yes, you can form an LLC in another state, but you may need to register as a foreign LLC in your home state and meet both states’ legal and tax requirements. It's important to consider the compliance and tax implications before choosing this option.
By default, an LLC is treated as a pass-through entity for tax purposes:
A single-member LLC is taxed like a sole proprietorship.
Getting started with your LLC package is simple. You’ll need your preferred business name (if it’s unavailable, we’ll assist you in finding one), a brief description of your business purpose, and the names of the owners.
We can prepare and file most LLC formation documents within one business day, including conducting your business name availability search and obtaining any necessary signatures. However, state processing times vary—some states offer immediate online approval, while others may take few weeks or more. With our experience, we handle submissions efficiently and work directly with state authorities to address any delays
ITIN REGISTRATION FAQ’s
An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the IRS for individuals who are not eligible for a Social Security Number (SSN) but need to file and pay U.S. taxes.
ITINs are issued to individuals who:
- Are not eligible for an SSN.
- Need to file a U.S. tax return or are listed as a dependent or spouse on someone else’s tax return.
- Have a tax reporting requirement in the United States.
ITIN: Issued by the IRS to individuals who aren’t eligible for a Social Security Number, strictly for tax reporting purposes.
SSN: Issued to U.S. citizens, permanent residents, and certain non-citizens, mainly for employment and access to Social Security benefits.
To apply for an ITIN, you must submit:
A completed Form W-7
Valid proof of identity and foreign status, such as a passport
Any supporting documents related to your tax filing status, if applicable
The IRS usually processes ITIN applications within approximately 7 weeks. However, processing may take longer during peak tax season or if additional documentation is needed.
An ITIN will expire if it hasn’t been used on a tax return for three consecutive years. To keep your ITIN active, it's important to file and pay your taxes each year
To renew your ITIN:
Fill out Form W-7
Specify that the application is for renewal
Submit it along with the necessary identification documents
You do not need to include a tax return when renewing your ITIN
You can apply for an ITIN at any time during the year. However, it’s recommended to apply when you’re ready to file your tax return by the official filing deadline.
t is advisable to hire service from a professional service provider to avoid such a situation. However, if your ITIN application is rejected, the IRS will provide a detailed
explanation. You can apply again after correcting any with the required documentation.
- If you are eligible as a non resident to file tax in USA then you must have an ITIN to file your tax return
No, ITIN applications cannot be submitted online. You need to mail Form W-7 and
required documents to the IRS or apply through a Certified Acceptance Agent.