Setting up a Business in the United States

Overview by Globlatrade.net:

Legal Forms of Companies

Types of Companies and Capital (Max/Min) Number of Partners/Shareholders and Liability Registration Fees
A sole proprietorship
 
 
No minimum legal capital.
1 person
 
 
The owner is liable for the company's debt
Company name and statutes registration: USD 275; Publication certificate: USD 50.
A General Partnership
 
 
No minimum legal capital.
At least 2 partners.
 
 
The General Partner is personally liable, with no limitation, for the company's debts and obligations.
Company name and statutes registration: USD 275; Publication certificate: USD 50.
Limited Partnership
 
 
No minimum legal capital
In addition of general partners there is one or more limited partners
 
 
The General Partner is personally liable, with no limitation, for the company's debts and obligations
Company name and statutes registration: USD 275; Publication certificate: USD 50.
Limited Liability Partnership
 
 
No minimum legal capita
At least 2 partners
 
 
All partners have a form of limited liability
Company name and statutes registration: USD 275; Publication certificate: USD 50.
A Public Limited Company (PLC)
 
 
No minimum legal capital.
At least 2 partners.
 
 
At least 1 of the partners is liable for the company's debt and obligations. The other partners' liability is limited to the value of the capital contributed.
Company name and statutes registration: USD 275; Publication certificate: USD 50.
A Private Limited Company
 
 
No minimum legal capital.
At least 2 partners.
 
 
Liability is limited to the value of the capital contributed.
Company name and statutes registration: USD 275; Publication certificate: USD 50.
A Corporation half way between a joint stock company and a Private Limited Company
 
 
No minimum legal capital.
No minimum.
 
 
Liability is limited to the value of the capital contributed.
Company name and statutes registration: USD 275; Publication certificate: USD 50.
 
 

Business Setup Procedures

Administrative Formalities
The status are composed of a Certificate of Incorporation and of (by-laws). The corporate name must be registered, by checking that it is not being used in the State or in the state(s) where the company intends to do business.
The Competent Organization
The U.S. Securities and Exchange Commission. The certificate of incorporation, also called Doing Business AS (DBA) must be registered with the Trade Register of the State where the company is located. Only General Partnerships do not need to be registered.
Time Necessary for Registration
The typical completion time for the DBA (Doing Business As) Filing Service is 4 to 6 weeks.
 

Recovery Procedures

Principle
See U.S Code Chapter 11 - Bankruptcy
Minimum Debt-to-Capital Ratio Triggering Liquidation
See U.S Code Chapter 11 - Bankruptcy
Bankruptcy Laws
See U.S Code Chapter 11 - Bankruptcy
Reorganization and Rehabilitation Laws
See U.S Code Chapter 11 - Bankruptcy

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