Business Registration in USA- Why To Choose?
The United States of America is undoubtedly a dreamland for anyone looking to further their business. Business registration in USA is, thus, a pre-requisite for anyone who wants to incorporate a company on US lands.
So, does that mean you cannot run a business in the country (even if it is a seller on an online platform) without proper registration? No, certainly not. But, the list of benefits that you get after registering a business in the US is way too much to let go of. Also, since the process of incorporating a business is quite straightforward, there is really no reason why you should not consider it. Check out our other blogs on how to register your business to get clarity on the subject.
Read on to find out five compelling reasons why you should register your business in the US without any delay.
5 Reasons Why - Business Registration in USA is The Right Way Forward
Reap the Benefits of the Top-Notch Legal System
When you have a successful venture, it essentially means you have created a plethora of assets – money, real estate, intellectual property (IP), etc. There are two ways you can manage these, either yourself, individually or have your company own and represent them as LLC or corporation.
However, if someone threatens your business or in case of any dispute, your chances of getting legal aid are much higher if your company is an LLC or corporation and is registered. So, incorporating a company allows you to tap into the safest trade legal framework during business registration in USA.
Get the American Edge Over Competitors
Everyone prefers working with someone they can relate to. The feeling of kinship is pretty strong when it comes to Americans closing business deals. They would rather work with a mid-size American company than work with a sizeable foreign company. The little ‘LLC’ or ‘Inc’ at the end of your company name is certainly going to make a world of difference for your business.
And let's be clear – this is really not about biases. There is a very clear logic behind this that in case the two parties involved run into a tiff, they can resolve it right in their home turf without meddling around global jurisdictions. So, register your company today.
Get Eligible for a Business Account in US Banks
A business bank account is a non-negotiable asset for any business registration in USA. But you practically cannot open an account in any US bank if your company is not registered. Almost all banks have strict compliance policies and need the US company registration document to proceed. With this, you lose out on all other benefits related to a business bank account.
So, it is best to apply for essential business permits and licenses to get your company registered without any hassles.
Only Registered Businesses can Apply for US Loans
Even if you aren't a startup, you might need a loan for furthering your business. One of the pre-requisites for loan processing is a credit history, and without business registration in USA, there is no history at all!
Having a registered business opens up a great avenue for loans and other government incentives, helping you get a financial push.
Raise Funds for your Business through Venture Capitalists
The US is the land of investors. For every business, there at least one angel investor. All you have to do is give them a proposal they can't refuse.
But just like how consumers and other businesses prefer American companies, investors are more inclined to your cause once you have completed your company incorporation and business registration in USA.
Closing Thoughts
America has the world's strongest economy today and coupled with amazing trade laws and benefits; it is a gold mine for everyone who wants to tap its huge consumer base. There are many benefits if you decide to get a business registration in USA, and the process is simple enough.
There are over 32.5 million registered businesses in the country for these reasons and more, and this number is only increasing by the day.