For founders, small businesses and growing companies
Everything your business needs, from incorporation to IPO
Practical guides, independent software comparisons and free tools for founders and small business owners. We cover everything from setting up the company to hiring your team, whatever your industry.
Founders should close the first 10 to 20 customers themselves, in protected weekly blocks for prospecting, calls, follow-ups and a pipeline review. Write the process down as you go. Hire salespeople once deals follow a pattern you can teach, and hire two rather than one.
A single-member LLC owned by a non-US person files Form 5472 with a pro forma Form 1120 every year, by fax or mail, due April 15 for a calendar year. Putting money in or taking it out counts as a reportable transaction, so almost every such LLC has to file. Missing it costs $25,000.
A name that's free in your state can still infringe a trademark, and a federal trademark application costs $350 per class of goods or services. Check the USPTO database, your state's name rules and the domain before you print anything. Here's how to clear a name, and what each registration does and doesn't protect.
Start with a domain you control, email on that domain, a simple website, a business bank account, accounting software, a way to take payments, a CRM, shared docs, a password manager and light automation. Most have free plans that last a two-person company months. A five-person stack runs about $180 a month at list prices.
Mercury accepts US companies with founders living abroad, but may ask for proof of US business activity and can close accounts that have none. Relay asks every owner for a physical US address. Airwallex's US service needs a US principal place of business. Wise Business works alongside any of them for currency. Here's how to choose.
If Stripe doesn't serve your country, you either form a US company and open a US Stripe account, or sell through a merchant of record such as Paddle, Lemon Squeezy or Stripe Managed Payments, which charge around 5% or more but take on sales tax and VAT. Here's how the three routes compare.
What Deel and Remote charge each month for employees and contractors in other countries.
How StartupStead is funded
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