Registering a U.S. Company Step-by-Step How to Successfully Open a Bank Account?

Revealing the Full Process of Registering a U.S. Company and Successfully Opening a Bank Account

In recent years, with the acceleration of globalization and the increasing frequency of cross-border trade, more entrepreneurs and investors have turned their attention to overseas markets. As one of the most economically developed countries in the world, the United States has become the top choice for many startups and companies expanding internationally.

According to data released by the U.S. Department of Commerce in 2025, the number of new companies established by foreign investors in the U.S. increased by more than 12% year-on-year, with a significant rise in investors from Asian countries, particularly China, India, and Vietnam.

So, what are the steps required to register a U.S. company? And after registration, how can one successfully open a U.S. bank account? This article will reveal the entire process in detail, helping those who intend to start a business or expand operations in the U.S. to clarify their approach.

I. Basic Steps to Register a U.S. Company

1. Choose a Company Structure

The first step in registering a U.S. company is to determine the appropriate business structure. Common options include

Limited Liability Company LLC Suitable for small to medium-sized businesses, offering limited liability protection and flexible tax treatment.

C Corporation C-Corp Ideal for companies planning to raise capital or go public, but subject to double taxation.

S Corporation S-Corp Offers pass-through taxation benefits and is suitable for small businesses.

Partnership Appropriate for businesses operated by multiple partners.

According to statistics from the IRS in 2025, LLCs are the most popular choice among international investors due to their ease of formation, tax flexibility, and relatively low legal risk.

2. Select the State of Registration

Each U.S. state has its own corporate laws and tax policies, making the selection of a registration state a crucial decision. Popular states include

Delaware Known for its business-friendly laws and efficient court system, attracting a large number of companies.

California Suitable for tech-based companies, though with higher taxes.

Nevada Offers no corporate or personal income tax and strong privacy protections.

3. Conduct a Company Name Search and Register

After choosing the company type and state, the next step is to perform a company name search on the Secretary of State’s website to ensure the name is available. Then, submit the required registration documents, such as Articles of Incorporation or an Operating Agreement.

4. Apply for a Federal Tax ID EIN

Regardless of whether the company has employees in the U.S., it must apply for an Employer Identification Number EIN from the IRS. This number serves as the company’s tax ID, used for tax reporting and opening bank accounts.

II. Key Steps After Company Registration

1. Open a U.S. Bank Account

Opening a U.S. bank account is essential for conducting business after company registration. Although U.S. banks have tightened their scrutiny of overseas clients in recent years, many still support non-U.S. residents in opening corporate accounts.

Commonly required documents include

Company registration certificate Articles of Incorporation

EIN number

Company bylaws or operating agreement

Identification of directors or authorized signatories e.g., passport

Business plan or statement of business purpose

Some banks may require a video interview or third-party identity verification

Recommended banks

Chase Bank Supports LLC and C-Corp accounts, with a standardized process.

Bank of America International-friendly but with higher requirements.

Silicon Valley Bank SVB Preferred for tech companies, with professional services.

NBH Bank, First National Bank of America More flexible for overseas clients.

2. Register for State Tax ID and Obtain Business Licenses

Depending on the state and company type, you may need to register for a State Tax ID with the local tax authority and obtain relevant business licenses. For example, California requires all companies to register with the Franchise Tax Board FTB and pay taxes accordingly.

3. Establish an Accounting and Tax System

The U.S. tax system is complex. It is advisable to hire a professional accountant or use accounting software like QuickBooks from the early stages to ensure accurate and compliant tax reporting.

III. Common Questions and Key Considerations

1. Is a U.S. Citizen or Resident Required as the Company Officer?

Not necessarily. The U.S. allows non-resident foreigners to serve as shareholders or directors. However, certain states, such as California, require at least one officer to be a U.S. resident.

2. Is a Physical Presence in the U.S. Required to Open a Bank Account?

Not always. More banks now support remote account opening, especially with the help of third-party service providers for identity verification and document submission. However, some banks may still require a video interview or legal representation.

3. Must a U.S. Company File Tax Returns?

Yes. Even if the company has no active operations, it must file annual federal and state tax returns. Failure to do so may result in fines or the revocation of the company’s status.

IV. Conclusion

While the process of registering a U.S. company is generally well-established, it still presents a learning curve for first-time entrepreneurs-especially when it comes to opening a bank account and maintaining tax compliance. With the U.S. government further clarifying its regulatory policies for foreign-invested companies in 2025, it is advisable for prospective investors to prepare thoroughly in advance and seek professional assistance when necessary to ensure a smooth and efficient process.

For companies with cross-border business needs, registering a U.S. company not only enhances brand image internationally but also lays a solid foundation for future fundraising, IPOs, and global expansion. With the right approach and understanding of the process, taking this important step can be both achievable and rewarding.