U.S. residents and non-US beneficial owners are both eligible for Novel accounts.

We support beneficial owners of US businesses in all countries not listed in our unsupported countries list.

The first step is to determine the type of legal structure your business will take,

such as a sole proprietorship, partnership, LLC, or corporation.

There are multiple State and Federal compliance obligations and due dates to comply with.

So it is important that you have a trusted CPA, Attorney or a Law Firm to guide you through that.

Sole Proprietorship: A sole proprietorship is the simplest and most common type of business entity. It is owned and operated by one person, who is responsible for all business decisions and liabilities. This can only be formed by US residents. Partnership: A partnership is a business entity owned and operated by two or more people. Partnerships can be general or limited, depending on the level of liability protection desired.

Limited Liability Company (LLC): An LLC is a hybrid business entity that combines the liability protection of a corporation with the tax benefits of a partnership. LLCs are the most popular type of business entity in the USA.

• Choosing the right type of company: An agency can help non-residents choose the right type of company for their needs based on their business goals, structure, and tax implications.

• Determining the right state for us company registration: Each state in the US has different laws and requirements for US company registration.