I know this is a very important part in a startup’s journey if they want to have a strong base in US. The US incorporation is pretty easy but doesn’t look so if you haven’t interacted with people who have done it earlier or you’ve read about it on the internet.
That’s why I thought I should share on how I did it completely, so the coming entrepreneurs can do it very easily just by following these steps.
First of all, just don’t listen to guys who say it’s not possible or very difficult to incorporate in US as a foreign national. Many say you need atleast one US citizen as your co-founder to do so which is total crap. It’s pretty interesting & easy to do this entire process. It’s just that, you need to be EXTREMELY careful on how to do it and what to do.
I didn’t have much information on how to do it and had to spend hours trying to understand what these terms like vesting, stock, acceleration, cliffs, section 83(b) meant. Because they’re really important.
Don’t get scared if you don’t know any of the above terms because that’s why I’m here for you.
I’ll explain each process, why it’s important, where to find what thing, etc.
Why to incorporate?
I did just because I wanted to integrate a payment gateway (Stripe, which I absolutely adore) within mYwindow which didn’t accept Indian companies yet.