If you are a non-US citizen, can you form a LLC/S Corp/C Corp and profit from it?
First, you need to name your business. Your business name should be unique within the State of California. Please conduct a name search here, https://bizfileonline.sos.ca.gov/search/business.
Then the attorney shall assist you with the rest of the process.
| LLC | S Corp | C Corp |
| Articles of Organization – CA LLC with the California Secretary of State Fee – $70 standard – $420 24-hour expedited – $820 same day – (optional $5 certified copy) Client needs to provide: – LLC name – Business address – Agent name/address (optional) – Managed by 1/+/all members | File Articles of Incorporation with the California Secretary of State Fee – $100 standard – $450 24-hour expedited – $850 same day – (optional $5 certified copy) Client needs to provide: – Corporation name – Business address – Directors name/address (optional for now) – Agent name/address (optional) – # of shares | File Articles of Incorporation with the California Secretary of State Fee – $100 standard – $450 24-hour expedited – $850 same day – (optional $5 certified copy) Client needs to provide: – Corporation name – Business address – Directors name/address (optional for now) – Agent name/address (optional) – # of shares |
| Apply EIN: no fee | Apply EIN: no fee | Apply EIN: no fee |
| Form 2553 with the IRS: No fee | Form 2553 with the IRS: No fee | |
| Operating agreement: basic | Corporate bylaw: basic | Corporate bylaw: basic |
| File Statement of Information within 90 days Fee: $20 | Shareholder agreement: basic | Shareholder agreement: basic |
| Statement of Info: $25 | Statement of Info: $25 | |
| Open business bank account (by attorney) Required Documents: – Articles of Organization – EIN – Operating Agreement – Personal Identification – A banking resolution authorizes the account opening and naming the authorized signers. | Open business bank account (by attorney) Required Documents: – Articles of Incorporation or Certificate of Incorporation – EIN – Corporate bylaws – A banking resolution authorizes the account opening and naming the authorized signers. | Open business bank account (by attorney) Required Documents: – Articles of Incorporation or Certificate of Incorporation – EIN – Corporate bylaws – A banking resolution authorizes the account opening and naming the authorized signers. |
| Total Government fees – $90 standard – $440 24-hour expedited – $840 same day | Total Government fees – $125 standard – $475 24-hour expedited – $875 same day | Total Government fees – $125 standard – $475 24-hour expedited – $875 same day |
| Attorney fees – $800 (government forms and basic operating agreement) – $200 (optional, opening business bank account) – $100 per page (customized operating agreement) | Attorney fees – $800 (government forms and basic bylaw and shareholder agreement) – $200 (optional, opening business bank account) – $100 per page (customized bylaw and shareholder agreement) | Attorney fees – $800 (government forms and basic bylaw and shareholder agreement) – $200 (optional, opening business bank account) – $100 per page (customized bylaw and shareholder agreement) |