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Tips and Guides

Read our latest thoughts on growing your business in the U.S.

Guide to NDAs and MNDAs for Startups

Safeguarding the intellectual property (IP) and confidential information of your startup is paramount. As you navigate partnerships, collaborations, and potential investors, the need to protect your ideas and innovations becomes increasingly crucial. This is where Non-Disclosure Agreements (NDAs) and Mutual Non-Disclosure Agreements (MNDAs) step in, offering vital legal protections for startups in their journey toward success.
Julian Drago
February 19, 2024

What is a cap table and how to make one?

In the world of startups and entrepreneurship, there is a key document that holds immense significance for both founders and investors: the cap table, short for capitalization table. Although it may sound like cryptic financial jargon reserved for the elite few, understanding cap tables is essential for anyone involved in startup financing and equity ownership. In this article you will learn what is a cap table, its purpose, usage, and creation process.
Julian Drago
February 17, 2024

6 Things You Need to Know About Quarterly Business Taxes

Quarterly business taxes are a vital aspect of financial management for entrepreneurs and business owners. While managing day-to-day operations, it's easy to overlook the importance of these quarterly obligations. However, understanding and mastering quarterly tax payments can prevent financial headaches and penalties down the road.
Julian Drago
February 17, 2024

Checklist for Startups Due Diligence

Securing funding or merging with another company presents exciting opportunities for growth, but it also triggers a crucial step: due diligence. In this meticulous process, potential investors or partners examine your company's financial and legal landscape to assess its investment potential. While startups due diligence can seem daunting, a well-prepared business can approach it with confidence, paving the way for success. This article explores the meaning of due diligence and how startups can prepare for it.
Julian Drago
February 16, 2024

Essential Legal Documents Every Startup Needs

Starting a new venture is an exciting journey filled with promise and potential. However, it's crucial not to overlook the importance of having the right legal framework in place. Your startup's legal documents provide clarity, protection, and structure to your business endeavors. In this article, we'll explore the essential legal documents that every startup needs from day one.
Julian Drago
February 16, 2024

Navigating the BOI Reporting: Your Essential Guide

The US government has introduced a new regulation to increase transparency in beneficial ownership, aiming to combat financial crimes like money laundering, tax evasion, and terrorist financing. The Federal Reporting Requirement for Beneficial Ownership Information (BOI) is a crucial step towards achieving this goal. This post will explain what the requirement involves, who it affects, and the consequences of non-compliance.
Julian Drago
February 15, 2024

4 Strategies to Grow a Real Estate Business

In the dynamic world of real estate, stagnation equals retreat. To thrive in this competitive landscape, agents and brokers need to constantly refine their approach and adopt strategies that propel them toward a thriving business. While tried-and-true methods still hold value, savvy professionals are embracing innovative tactics to expand their reach and cultivate a loyal customer base. This article explores five powerful strategies that can set your real estate business on fire.
Julian Drago
February 14, 2024

Guide to Choosing Insurance for an LLC

Forming a Limited Liability Company (LLC) protects your personal assets from business debts and liabilities. However, it doesn't create an impenetrable fortress. Unforeseen events, accidents, and lawsuits can still cripple your business and leave you with a heavy financial burden. That's where business insurance comes in, acting as a safety net to catch you when you fall.
Julian Drago
February 13, 2024

Dissolving an LLC: How to do it in 7 steps

Owning an LLC provides a shield of protection from personal liability as you navigate the entrepreneurial waters. But sometimes the tide pulls your business in a different direction, and the journey calls for a decisive landing. That's where dissolving your LLC comes in. Dissolving an LLC, essentially winding down its operations and ending its legal existence, may sound complex, but it's a surprisingly manageable process. To make the journey a smooth one, follow these seven key steps:
Julian Drago
February 12, 2024

What Happens if You Don’t File Taxes?

Owning a business in the US as a nonresident offers opportunities for financial success and access to a dynamic market. However, navigating the intricacies of US tax code can be daunting, especially when it comes to filing your annual tax return. The consequences of not filing taxes as a nonresident business owner in the US can be severe and far-reaching, impacting your finances, business operations, and personal future.
Julian Drago
February 9, 2024

How to Get a Startup Business Loan

In this guide, we'll break down the process of getting a startup business loan into 5 manageable steps, equip you with the knowledge and tools to navigate the lending landscape with confidence.
Julian Drago
February 9, 2024

5 Strategies to Grow Your Online Business

The online landscape is a bustling marketplace, teeming with countless businesses vying for attention and customer loyalty. In this fierce arena, standing out and achieving consistent growth isn't just desirable, it's essential. For aspiring entrepreneurs and established online businesses alike, understanding the right strategies can make all the difference.
Julian Drago
February 8, 2024

What an Operating Agreement Is and What It Includes

Starting a business, whether solo or with partners, is an exciting adventure. But amid the buzz of ideas and market research, it's key to build a solid foundation. That foundation includes an important and often underestimated document: the Operating Agreement.
Julian Drago
February 8, 2024

What is Equity, and Why is Important to your startup?

Imagine pouring your heart and soul into a fledgling idea, and watching it blossom into a thriving startup. Now, picture reaping the rewards, not just through salary, but through actual ownership – a slice of the pie, as they say.That's the magic of equity in startups, a potent yet often mystifying concept for founders, employees, and even investors. This article delves into the basic principles of startup equity, so you can navigate this crucial aspect of the startup journey.
Julian Drago
February 7, 2024

Tax Compliance for US Startups

For entrepreneurs, building a successful startup is a thrilling challenge. But amidst the whirlwind of product development, market validation, and fundraising, ensuring tax compliance can feel like an unwelcome detour. The complexities of the US tax system, coupled with the unique considerations for startups, can leave founders feeling overwhelmed and vulnerable to costly mistakes.
Julian Drago
February 7, 2024

Your Guide to Tax Season

Owning a US company as a nonresident can be a rewarding venture, but tax season can quickly turn into a labyrinth of unfamiliar forms and deadlines. This guide equips you with the knowledge and resources to navigate tax season with confidence and ensure compliance.
Julian Drago
February 6, 2024

What are the costs of maintaining an LLC?

Starting and maintaining an LLC has some costs, but it also offers many benefits. Business owners must pay annual fees to keep their LLC in good standing. The costs of maintaining an LLC are relatively low, at just a few hundred dollars per year.
Julian Drago
November 13, 2023

US visa for startup founders: How to get it?

The US has created a climate that encourages entrepreneurship, with huge markets and a thriving ecosystem for innovative go-getters.Startups can test their ideas, experiment with new business methods, and use creativity, risk-taking, and adaptability to gain traction. That's why “how to get a US visa for startup founders” is such a common question.
Julian Drago
November 10, 2023

How to open a company in the US with a subscription plan?

If you are considering opening a business in the US, a subscription plan may be the right solution for you. Read on to learn more about how Openbiz plans can help you achieve your business goals.
Julian Drago
October 30, 2023

LLC vs. C-Corp: Understanding the Key Differences

Choosing the right legal structure for your business is an important decision that can have a significant impact on your company's operations and finances. Two common choices for businesses in the United States are the Limited Liability Company (LLC) and the C Corporation (C-Corp).
Julian Drago
October 26, 2023

LLC Taxes: What You Need to Know About Form 1120 and Form 5472

An overview of Form 1120 and Form 5472, and explain when LLCs are required to file these forms. It will also provide step-by-step instructions on how to fill out Form 1120 and Form 5472.
Julian Drago
October 11, 2023

Articles of organization: What are they and how to file

To form an LLC, you must create a document called articles of organization. This document provides basic information about your LLC, such as its name and purpose. You must file the articles of organization with the appropriate state agency to make your LLC a legal entity.
Julian Drago
October 9, 2023

Business in the US: How long does it take to register an LLC?

Starting a business can be an exciting milestone, but the process to register an LLC can be unexpectedly lengthy in some states.
Julian Drago
October 5, 2023

Why start an LLC for ecommerce businesses?

Ecommerce entrepreneurs face uncharted territory, but a solid game plan is key. One critical question: is it right forming an LLC for ecommerce businesses? When starting an online business, LLC status offers valuable protection. Let's explore why.
October 4, 2023

How to write a Business Plan in 5 steps

At a time when more than 20% of small businesses fail in their first year, having a clear, defined and well-thought-out business plan is a critical first step in setting up a business for long-term success.
Julian Drago
October 2, 2023

Business incorporation: How to decide when to do it

Business incorporation is an important decision that can have a significant impact on your legal and financial liability, as well as your ability to raise capital and grow your business.
Julian Drago
September 29, 2023

6 Reasons for foreign investors to invest in US Real Estate

The United States is one of the most popular destinations for foreign real estate investment. There are several reasons for this, including a favorable investment climate high potential for returns, and no additional restrictions or taxes on foreign investment.
Julian Drago
September 22, 2023

How To Send An Invoice Step-By-Step

A comprehensive overview of everything you need to know about how to send an invoice to your customers in the U.S.
Julian Drago
September 21, 2023

How to buy real estate in the US as a non-resident

What you need to know to buy a property in the USA with an LLC, as a non-resident.
Julian Drago
September 15, 2023

5 things you need to know about sales tax in the US

Sales tax in the US is a common problem that international entrepreneurs face when starting their own e-commerce business in the country.
Julian Drago
September 8, 2023

Top 5 best marketplaces in the USA

Marketplaces in the USA are gaining more and more strength within the e-commerce business. They are an entrepreneurial and democratic solution that overcomes local barriers.
Julian Drago
September 5, 2023

How to start a business in the US as a non-resident

The United States is a great place to start a business, regardless of your citizenship status. You don’t need a US visa or social security number to start a business in the US as a non-citizen.
Julian Drago
August 31, 2023

What is business credit and how to build it

Business credit is an essential tool for building a successful and financially sound business. Building your business credit will help you open up new financing opportunities and position your business for success.
Julian Drago
August 29, 2023

3 differences between bookkeeping and accounting in the USA

Bookkeeping and accounting are two closely related terms that are often used interchangeably. However, there are some key differences between the two.
Julian Drago
August 29, 2023

Banking Regulatory Compliance for foreign companies: All you need to know

Foreign companies doing business in the United States must comply with a number of banking regulations.
Julian Drago
August 23, 2023

15 things to know about U.S. taxes for foreign companies

Understanding how to pay business taxes in the United States is essential to expanding your company to the American market.
Julian Drago
August 22, 2023

Taxes in the United States for Non-Residents

Everything you need to know about the key aspects of U.S. taxes for non-residents.
Julian Drago
August 11, 2023

Why do founders from Latin America choose to register a business in the US?

Everything you need to know about a registered agent and why having one for your LLC is essential.
Julian Drago
May 15, 2023

Guide to startup incorporation documents

Everything you need to know about a registered agent and why having one for your LLC is essential.
Julian Drago
May 3, 2023

How to choose a great business name

Everything you need to know about a registered agent and why having one for your LLC is essential.
Julian Drago
April 28, 2023

How to open a US bank account for non-US residents

Everything you need to know about a registered agent and why having one for your LLC is essential.
Julian Drago
April 24, 2023

What to know about a Registered Agent

Everything you need to know about a registered agent and why having one for your LLC is essential.
Julian Drago
March 22, 2023

Delaware vs. Wyoming? What's the difference?

The key differences between a Delaware LLC and a Wyoming LLC and how to choose what is best for your company.
Julian Drago
March 10, 2023

LLC Taxation: Delaware vs. Wyoming

The key differences between how your LLC will be taxed in either Wyoming or Delaware.
Julian Drago
March 6, 2023

Why you should incorporate an LLC in the United States

Incorporating an LLC (Limited Liability Company) in the United States is a popular choice for founders and entrepreneurs. Openbiz makes it easy to open an LLC in the United Sttes.
Julian Drago
March 1, 2023

How to create a Stripe account from Latin America

Stripe is a popular US-based payment platform that allows businesses to accept payments from customers all over the world.
Julian Drago
February 13, 2023

What’s an EIN, and why do I need one?

If you're a Latin American founder looking to start a US-based business, obtaining an Employer Identification Number (EIN) is an essential step in the process and Openbiz make it easy.
Julian Drago
January 25, 2023

Guide to NDAs and MNDAs for Startups

Safeguarding the intellectual property (IP) and confidential information of your startup is paramount. As you navigate partnerships, collaborations, and potential investors, the need to protect your ideas and innovations becomes increasingly crucial. This is where Non-Disclosure Agreements (NDAs) and Mutual Non-Disclosure Agreements (MNDAs) step in, offering vital legal protections for startups in their journey toward success.
Julian Drago
February 19, 2024

What is a cap table and how to make one?

In the world of startups and entrepreneurship, there is a key document that holds immense significance for both founders and investors: the cap table, short for capitalization table. Although it may sound like cryptic financial jargon reserved for the elite few, understanding cap tables is essential for anyone involved in startup financing and equity ownership. In this article you will learn what is a cap table, its purpose, usage, and creation process.
Julian Drago
February 17, 2024

Checklist for Startups Due Diligence

Securing funding or merging with another company presents exciting opportunities for growth, but it also triggers a crucial step: due diligence. In this meticulous process, potential investors or partners examine your company's financial and legal landscape to assess its investment potential. While startups due diligence can seem daunting, a well-prepared business can approach it with confidence, paving the way for success. This article explores the meaning of due diligence and how startups can prepare for it.
Julian Drago
February 16, 2024

Essential Legal Documents Every Startup Needs

Starting a new venture is an exciting journey filled with promise and potential. However, it's crucial not to overlook the importance of having the right legal framework in place. Your startup's legal documents provide clarity, protection, and structure to your business endeavors. In this article, we'll explore the essential legal documents that every startup needs from day one.
Julian Drago
February 16, 2024

Navigating the BOI Reporting: Your Essential Guide

The US government has introduced a new regulation to increase transparency in beneficial ownership, aiming to combat financial crimes like money laundering, tax evasion, and terrorist financing. The Federal Reporting Requirement for Beneficial Ownership Information (BOI) is a crucial step towards achieving this goal. This post will explain what the requirement involves, who it affects, and the consequences of non-compliance.
Julian Drago
February 15, 2024

Guide to Choosing Insurance for an LLC

Forming a Limited Liability Company (LLC) protects your personal assets from business debts and liabilities. However, it doesn't create an impenetrable fortress. Unforeseen events, accidents, and lawsuits can still cripple your business and leave you with a heavy financial burden. That's where business insurance comes in, acting as a safety net to catch you when you fall.
Julian Drago
February 13, 2024

Dissolving an LLC: How to do it in 7 steps

Owning an LLC provides a shield of protection from personal liability as you navigate the entrepreneurial waters. But sometimes the tide pulls your business in a different direction, and the journey calls for a decisive landing. That's where dissolving your LLC comes in. Dissolving an LLC, essentially winding down its operations and ending its legal existence, may sound complex, but it's a surprisingly manageable process. To make the journey a smooth one, follow these seven key steps:
Julian Drago
February 12, 2024

What is Equity, and Why is Important to your startup?

Imagine pouring your heart and soul into a fledgling idea, and watching it blossom into a thriving startup. Now, picture reaping the rewards, not just through salary, but through actual ownership – a slice of the pie, as they say.That's the magic of equity in startups, a potent yet often mystifying concept for founders, employees, and even investors. This article delves into the basic principles of startup equity, so you can navigate this crucial aspect of the startup journey.
Julian Drago
February 7, 2024

US visa for startup founders: How to get it?

The US has created a climate that encourages entrepreneurship, with huge markets and a thriving ecosystem for innovative go-getters.Startups can test their ideas, experiment with new business methods, and use creativity, risk-taking, and adaptability to gain traction. That's why “how to get a US visa for startup founders” is such a common question.
Julian Drago
November 10, 2023

How to open a company in the US with a subscription plan?

If you are considering opening a business in the US, a subscription plan may be the right solution for you. Read on to learn more about how Openbiz plans can help you achieve your business goals.
Julian Drago
October 30, 2023

LLC vs. C-Corp: Understanding the Key Differences

Choosing the right legal structure for your business is an important decision that can have a significant impact on your company's operations and finances. Two common choices for businesses in the United States are the Limited Liability Company (LLC) and the C Corporation (C-Corp).
Julian Drago
October 26, 2023

Articles of organization: What are they and how to file

To form an LLC, you must create a document called articles of organization. This document provides basic information about your LLC, such as its name and purpose. You must file the articles of organization with the appropriate state agency to make your LLC a legal entity.
Julian Drago
October 9, 2023

Business in the US: How long does it take to register an LLC?

Starting a business can be an exciting milestone, but the process to register an LLC can be unexpectedly lengthy in some states.
Julian Drago
October 5, 2023

How to write a Business Plan in 5 steps

At a time when more than 20% of small businesses fail in their first year, having a clear, defined and well-thought-out business plan is a critical first step in setting up a business for long-term success.
Julian Drago
October 2, 2023

Business incorporation: How to decide when to do it

Business incorporation is an important decision that can have a significant impact on your legal and financial liability, as well as your ability to raise capital and grow your business.
Julian Drago
September 29, 2023

How to start a business in the US as a non-resident

The United States is a great place to start a business, regardless of your citizenship status. You don’t need a US visa or social security number to start a business in the US as a non-citizen.
Julian Drago
August 31, 2023

Why do founders from Latin America choose to register a business in the US?

Everything you need to know about a registered agent and why having one for your LLC is essential.
Julian Drago
May 15, 2023

Guide to startup incorporation documents

Everything you need to know about a registered agent and why having one for your LLC is essential.
Julian Drago
May 3, 2023

How to choose a great business name

Everything you need to know about a registered agent and why having one for your LLC is essential.
Julian Drago
April 28, 2023

What to know about a Registered Agent

Everything you need to know about a registered agent and why having one for your LLC is essential.
Julian Drago
March 22, 2023

Delaware vs. Wyoming? What's the difference?

The key differences between a Delaware LLC and a Wyoming LLC and how to choose what is best for your company.
Julian Drago
March 10, 2023

Why you should incorporate an LLC in the United States

Incorporating an LLC (Limited Liability Company) in the United States is a popular choice for founders and entrepreneurs. Openbiz makes it easy to open an LLC in the United Sttes.
Julian Drago
March 1, 2023

How to Get a Startup Business Loan

In this guide, we'll break down the process of getting a startup business loan into 5 manageable steps, equip you with the knowledge and tools to navigate the lending landscape with confidence.
Julian Drago
February 9, 2024

What is business credit and how to build it

Business credit is an essential tool for building a successful and financially sound business. Building your business credit will help you open up new financing opportunities and position your business for success.
Julian Drago
August 29, 2023

Banking Regulatory Compliance for foreign companies: All you need to know

Foreign companies doing business in the United States must comply with a number of banking regulations.
Julian Drago
August 23, 2023

How to open a US bank account for non-US residents

Everything you need to know about a registered agent and why having one for your LLC is essential.
Julian Drago
April 24, 2023

6 Things You Need to Know About Quarterly Business Taxes

Quarterly business taxes are a vital aspect of financial management for entrepreneurs and business owners. While managing day-to-day operations, it's easy to overlook the importance of these quarterly obligations. However, understanding and mastering quarterly tax payments can prevent financial headaches and penalties down the road.
Julian Drago
February 17, 2024

What Happens if You Don’t File Taxes?

Owning a business in the US as a nonresident offers opportunities for financial success and access to a dynamic market. However, navigating the intricacies of US tax code can be daunting, especially when it comes to filing your annual tax return. The consequences of not filing taxes as a nonresident business owner in the US can be severe and far-reaching, impacting your finances, business operations, and personal future.
Julian Drago
February 9, 2024

What an Operating Agreement Is and What It Includes

Starting a business, whether solo or with partners, is an exciting adventure. But amid the buzz of ideas and market research, it's key to build a solid foundation. That foundation includes an important and often underestimated document: the Operating Agreement.
Julian Drago
February 8, 2024

Tax Compliance for US Startups

For entrepreneurs, building a successful startup is a thrilling challenge. But amidst the whirlwind of product development, market validation, and fundraising, ensuring tax compliance can feel like an unwelcome detour. The complexities of the US tax system, coupled with the unique considerations for startups, can leave founders feeling overwhelmed and vulnerable to costly mistakes.
Julian Drago
February 7, 2024

Your Guide to Tax Season

Owning a US company as a nonresident can be a rewarding venture, but tax season can quickly turn into a labyrinth of unfamiliar forms and deadlines. This guide equips you with the knowledge and resources to navigate tax season with confidence and ensure compliance.
Julian Drago
February 6, 2024

What are the costs of maintaining an LLC?

Starting and maintaining an LLC has some costs, but it also offers many benefits. Business owners must pay annual fees to keep their LLC in good standing. The costs of maintaining an LLC are relatively low, at just a few hundred dollars per year.
Julian Drago
November 13, 2023

LLC Taxes: What You Need to Know About Form 1120 and Form 5472

An overview of Form 1120 and Form 5472, and explain when LLCs are required to file these forms. It will also provide step-by-step instructions on how to fill out Form 1120 and Form 5472.
Julian Drago
October 11, 2023

How To Send An Invoice Step-By-Step

A comprehensive overview of everything you need to know about how to send an invoice to your customers in the U.S.
Julian Drago
September 21, 2023

5 things you need to know about sales tax in the US

Sales tax in the US is a common problem that international entrepreneurs face when starting their own e-commerce business in the country.
Julian Drago
September 8, 2023

3 differences between bookkeeping and accounting in the USA

Bookkeeping and accounting are two closely related terms that are often used interchangeably. However, there are some key differences between the two.
Julian Drago
August 29, 2023

15 things to know about U.S. taxes for foreign companies

Understanding how to pay business taxes in the United States is essential to expanding your company to the American market.
Julian Drago
August 22, 2023

Taxes in the United States for Non-Residents

Everything you need to know about the key aspects of U.S. taxes for non-residents.
Julian Drago
August 11, 2023

LLC Taxation: Delaware vs. Wyoming

The key differences between how your LLC will be taxed in either Wyoming or Delaware.
Julian Drago
March 6, 2023

What’s an EIN, and why do I need one?

If you're a Latin American founder looking to start a US-based business, obtaining an Employer Identification Number (EIN) is an essential step in the process and Openbiz make it easy.
Julian Drago
January 25, 2023

5 Strategies to Grow Your Online Business

The online landscape is a bustling marketplace, teeming with countless businesses vying for attention and customer loyalty. In this fierce arena, standing out and achieving consistent growth isn't just desirable, it's essential. For aspiring entrepreneurs and established online businesses alike, understanding the right strategies can make all the difference.
Julian Drago
February 8, 2024

Why start an LLC for ecommerce businesses?

Ecommerce entrepreneurs face uncharted territory, but a solid game plan is key. One critical question: is it right forming an LLC for ecommerce businesses? When starting an online business, LLC status offers valuable protection. Let's explore why.
October 4, 2023

Top 5 best marketplaces in the USA

Marketplaces in the USA are gaining more and more strength within the e-commerce business. They are an entrepreneurial and democratic solution that overcomes local barriers.
Julian Drago
September 5, 2023

How to create a Stripe account from Latin America

Stripe is a popular US-based payment platform that allows businesses to accept payments from customers all over the world.
Julian Drago
February 13, 2023

4 Strategies to Grow a Real Estate Business

In the dynamic world of real estate, stagnation equals retreat. To thrive in this competitive landscape, agents and brokers need to constantly refine their approach and adopt strategies that propel them toward a thriving business. While tried-and-true methods still hold value, savvy professionals are embracing innovative tactics to expand their reach and cultivate a loyal customer base. This article explores five powerful strategies that can set your real estate business on fire.
Julian Drago
February 14, 2024

6 Reasons for foreign investors to invest in US Real Estate

The United States is one of the most popular destinations for foreign real estate investment. There are several reasons for this, including a favorable investment climate high potential for returns, and no additional restrictions or taxes on foreign investment.
Julian Drago
September 22, 2023

How to buy real estate in the US as a non-resident

What you need to know to buy a property in the USA with an LLC, as a non-resident.
Julian Drago
September 15, 2023