|
(1)
|
EIN application
To identify and levy taxes on the corporations, the Internal Revenue Service requires each entity to obtain an Employer Identification Number (EIN). EIN is applied from Internal Revenue Service (IRS), and takes around 3 weeks to process. Expedited service is not available. Kaizen service fee for EIN application is USD 300. Kaizen will notify you through Email once received the EIN from the tax authority.
|
(2)
|
ITIN application
If the Corporation is required to apply the sales and use tax certificate of registration, or plan to open a business bank account in U.S., or the responsible person of the Corporation is required to file individual tax return, then the responsible person must apply Individual Taxpayer Identification Number (ITIN) from Internal Revenue Service (IRS). The processing time is about 6 to 8 weeks, and it may take up to 11 weeks during tax season (Jan - April). Expedited service is not available. Kaizen service fee for ITIN application is USD 1,000. Kaizen will notify you through Email once received the ITIN from the tax authority.
|
(3)
|
Sales and use tax certificate of registration
If the Corporation intends to sell or lease tangible personal property at wholesale/retail, or offer taxable service, and has an office/warehouse or sales representatives in North Carolina, the Corporation is required to obtain a certificate of registration from North Carolina Department of Revenue. The process takes 5 to 10 business days. Expedited service is not available. Kaizen service fee for sales and use tax certificate application is USD 300. Kaizen will notify you through Email once received the certificate from the tax authority.
|
(4)
|
State and local business license application
Generally, when the Corporation registered at North Carolina with registered address provided by Kaizen, there is no need to obtain state business license if the Corporation’s business doesn’t involve special industries, such as alcoholic beverage vendor and the Corporation will not hire employees or set up business office/warehouse at North Carolina.
If the Corporation engages in specific businesses in North Carolina and has employees or office/warehouse at North Carolina, the Corporation is required to obtain the state business license. please consult with Kaizen consultants whether local city/county business license is required and the application process.
|
(5)
|
Federal business license application
The Corporation is not required to apply Federal Business License, unless the business activities are regulated by the federal authority. The regulated business activities include agriculture, alcoholic beverages, aviation, firearms, ammunition and explosives, fish and wildlife, commercial fisheries, maritime transportation, mining and drilling, nuclear energy, radio and television broadcasting, transportation and logistics. If needed, please consult with Kaizen consultants for details on the application process and fees as these depend on the business activity and the federal agency issuing the license.
|
(6)
|
Open a business bank account in U.S.
The Corporation will meet the requirements to open a business bank account in U.S. after obtaining the EIN and ITIN. Kaizen consultants provide onsite assistance for the responsible person to open the business bank account. The service fee is USD 500. Please notice that the responsible person of the Corporation is required to be interviewed and sign related documents onsite under the witness of the banker. Kaizen only provide the onsite assistance for the responsible person in New York.
|
(7)
|
Provide mailing address
Kaizen offers a New York address as your business mailing address. The mailing address can be used to receive letters from bank, government, and other related business letters for the Corporation, then Kaizen will forward these letters to you through email (by default) or mail (if necessary). The service fee is USD 500 per year, not includes delivery fees if you prefer receive documents by mail.
|
(8)
|
Authentication
Kaizen provides the notary service for the formation documents, including authentication in North Carolina Secretary of State and Chinese Consulate General, and Certificate of Incumbency. If needed, please consult with Kaizen consultants for more details on the process and fees.
|
|