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Starting a business
06-20-2013, 05:11 PM
Excuse the unorganized post, I'm on an extreme lack of sleep and stressed out.
Can anyone help me with just a few tips on starting some sort of consulting business in the US? The only purpose for this is so a Canadian company can contract my business while they push for my work visa. I am having a ton of trouble finding information on this because everything I find is steps on how to have a succsesful business. All I need is a legal business for them to pay. I want to say F it but the money is extremely good.
They want me on the work site by the 2nd week of July.
I dont have the slightest clue what I'm doing here
How long will it take me to start the most basic business? Is there even enough time? Who do I contact?
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Starting a business
06-20-2013, 05:18 PM
Is doing this much easier in Canadia than the USA because the company seems to think this is no big deal.
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Starting a business
06-20-2013, 08:13 PM
American?
- get yourself a taxpayer identification # - I got one through my bank, took 5 minutes. Free
- set up an LLC in your state - You can do this online easy peasy.
- talk to an accountant to make sure the money they pay your business is taxed properly,
kaching.
WIA
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Starting a business
06-20-2013, 08:31 PM
Check the states website to see if you can do it yourself online.
I set up my LLC myself on Wisconsin's. No need to pay someone else to do it if the option is available.
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Starting a business
06-20-2013, 11:12 PM
Thanks a ton for the help guys. I was in near meltdown mode due to lack of sleep. So an llc is all I should need. That should be easy enough. Ill search up legal zoom tonight and I shouldn't need a tax Id since it's just me.
Only think is it won't be taxed money. I'll have to pay Canadian taxes on it down the road so I'm not sure how the treaty works with USA-Canada in regards to business. It's a Canadian company and the job is in Mexico.
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Starting a business
06-20-2013, 11:35 PM
WIA. But aren't their treatys? I know what your talking about but also I believe if I pay a foreign government tax(depending on the country) I am exempt from paying in the US. Of course all depending on the situation, countries, amount. I know I won't have to pay full income tax in both countries.
But definitely on the tax professional, in both countries will be necessary.
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Starting a business
06-20-2013, 11:52 PM
Since it takes a few weeks to get an EIN has anybody ever just had their payments sent to a personal bank account? It sucks that I'm living far from my hometown and don't really know any CPAs here in this state.