FAQ - AMG Business
ESP ENG

Am I able to register a corporation or LLC with an ITIN?

Yes, you are. Since you have interest in doing business and get all the licenses or permits to operate, you will not have any problem.

What if I don’t have SSN or ITIN and want to register my business?

There are different ways, in which a business can be registered. We encourage you to talk with a representative to find the best option for you.

Do I need an office tu register my business?

No, you only must have a physical address where your business is going to be operating, such as houses, offices, apartments, warehouses, etc and a mailing address which might be a P.O. BOX or any other address you would like. There are some restrictions for business that are not allowed in residential areas.

Where do you register my business?

This will depend on what you want to be filed. If you want us to file an LLC or Corporation/Non-profit, the processes usually are with Secretary of State or any department in charge of doing it, such as Divisions of Corporations, Corporation Comission. If you asked us to file a Fictitious Business Name, this procedure goes directly to the county in which you are located in.

What are the processing times for filing a corporation and non-profits?

It may vary depending on the State where you filed, but it usually takes from 10 to 15 business days regularly. There are other procedures to get rush filing, but those have additional costs.

What are the processing times for filing an LLC?

It may vary depending on the State where you filed, but it usually takes from 10 to 15 business days regularly. There are other procedures to get rush filing, but those have additional costs.

How long will it take to get an EIN from IRS?

It will depend on what kind of documentation you have. For instance, if you have an ITIN the process can take up to 45 business days. If you have SSN the process my take up to 7 business days. However, there are some references numbers provided for the IRS that may delay the process.

Is an LLC or corporation a license or permit to operate?

Unfortunately, entities cannot provide any kind of permissions or licenses. These structures provide some benefits such as owners liability protection and certain tax advantages.

Do LLC or corporation pay taxes?

Definitely, every single business or entity must pay taxes. However, there are different tax classifications such as sole proprietor, partnership, c-corp and s-corp that allow to deduct or have certain tax advantages. Also, there are some entities that don’t have to pay taxes, but this is only if they are classified under the 501©(3) from the IRS, in other words, are exempt from paying taxes.

Is a S-CORP an entity?

If you were one of the many that thought S-CORPS were entities, we are sorry that this is not true. S-CORP is a tax classification stablished for the IRS with the purpose of passing corporate income, losses, deductions and credits to the shareholders. This is mainly to avoid double taxation. To qualify for S-corp you must meet the following requirements:

Be a domestic corporation

Have no more than 100 shareholders

Have only one class of stock

Have only allowable shareholders (citizens or residents)

Additional questions?