A good way for an expat to make money in the United States is to open a business of their own. This will give you the opportunity to manage your time and energy yourself, and in the long term, and significantly increase your income.
Instructions
Step 1
Choose the form of starting a business that suits you best. You can purchase a ready-made company. The advantage of such a solution can be a fairly quick return on investment - an existing business can start bringing in money faster than a new one. But such a plan also has its drawbacks - the reason for the sale of such a business may be internal problems known only to the current owner.
Step 2
Also, the decision may be to buy a franchise - a ready-made business scheme, but with the need to develop it from scratch. As advantages, you get a well-known company name, as well as ready-made technologies and business schemes. But in return, the company that gave you the right to work under your own name will tightly control you. An alternative to these options may be to open a completely new business.
Step 3
Find funds for start-up capital. You can go to one of the banks, but you will need a good credit history in the United States. Searching for an investor or partner can also be an option. But this will subsequently limit your independence in business development.
Step 4
Please contact your local administration. There you will be able to issue registration documents and a license to conduct a specific business. Please note that these documents are valid only in one state, when expanding a business or moving to another state, you will need to re-register. When registering, select the organizational form of your company. If you are going to work as an individual entrepreneur, choose such a type of business registration as a private firm. To run a full-fledged business with hiring employees and opening corporate accounts, an organizational form such as a corporation is more suitable for you.
Step 5
After that, go to the tax office and get a tax number - TIN, with which you will subsequently make tax payments.
