Footprint Offices
Starting a new business? Expanding to the US from overseas?
Opening a new office can be expensive and time consuming. Instead, consider a “Footprint Office” with The MIP. Here’s how The MIP can help put you on the right track:
1. Incorporate
The MIP is located just outside of Dallas, Texas and we encourage our clients to incorporate in Texas for multiple reasons:
- Texas is business friendly. The state makes incorporating easy and inexpensive
- No state income tax. In addition to all the Federal taxes, most states also charge a state income tax. For example, in California the average rate is an additional 9.3%. The impact? For every $100,000 of taxable income, an extra $9300 goes to the State. Zero state income tax also means less paperwork and lower cost of doing business.
2. Establish your financial structure and business address
- Register with State and Federal Tax agencies
- Set-up your chart of accounts in QuickBooks
- Establish bank accounts and methods of payment
- Receive payment and issue checks
- Keep your books balanced
- Alert you to opportunities/threats in cash flow
- Calculate and File monthly taxes (requires a local bank account)
- Prepare tax documents for CPA for annual tax filings
3. Manage logistics
- Provide local mailing address, phone number, and personal contact staff
- Consult on and manage shipping services within the US
4. For overseas companies, be your Resident Agent
Not only can The MIP provide you with a US “headquarters” and mailing address, we can be your local US contact person, a legal requirement for filing tax and other required documents. Also, depending on the volume of business we can store a supply of literature and respond to requests for literature.
How we work:
The MIP charges a modest “set-up” fee, then small monthly fee which cover on level of service. The fee includes a phone line, a mailing address,
Call us today at (972)924-5310. Let’s discuss how you can have an immediate footprint in the US market.