Time required to form a company in the USA and open its bank account
The steps and timelines to expect
Preparation of your company registration documents
3 business days from receipt of your payment. Therefore, there is nothing you need to send back to us by mail to register your company.
Company registration
1 business week maximum to register your company. Everything is done remotely!
Obtaining the EIN number
The EIN number (Employer Identification Number) is issued by the Internal Revenue Service (IRS, the U.S. tax authority). You must obtain it before opening a bank account. The process of obtaining it takes approximately one month (and sometimes longer!).
Business bank account
Once you have obtained your company’s EIN, you can open its bank account. Depending on the bank, opening it can take between 1 week (online bank) and 1 month (traditional bank).
Accounting
The invoicing and accounting software is installed and configured in less than 48 hours.
Total time
So you should allow a good month and a half to be operational! However, the process may sometimes take longer if the IRS takes time to issue your company's EIN number.
Please note that certain activities require authorization to operate.