Can I establish a one person company(with no co-founders) in USA? Will this company be restricted or face barriers to grow regards to law?
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Are you a citizen? – Ron Beyer Aug 12 '18 at 5:45
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@RonBeyer: No, but I like to know the laws. Can citizens do this? – Hasani Aug 12 '18 at 6:04
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Are you asking as a non-citizen wanting to start a business in the US? Or are you asking if US citizens can start companies? From the context of your question it seems you (a non-citizen) wants to start a company in the US... – Ron Beyer Aug 12 '18 at 15:21
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@RonBeyer: Yes, I am a non-citizen who likes to start a company in the US. But my wife is a US citizen, then I can ask for citizenship if there is a huge difference in my way! – Hasani Aug 13 '18 at 10:13
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By "company" do you mean "business enterprise" or "corporation"? You can start your own business, and you will be wholly responsible for what happens, or you can start a corporation, and have limited personal liability in most cases. – David Thornley Sep 11 '18 at 16:27
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Single owner limited liability companies and single owner corporations are permitted under U.S. law and provide full limited liability protection.
A single owner limited liability company is taxed either as a "disregarded entity" (a sole proprietorship if the owner is a natural person) or as a corporation, at the election of the owner.
A corporation with a single owner is taxed either as a "C corporation" or, as an S-corporation if it qualified to be one (the single owner must be a U.S. citizen natural person or one of a few special kinds of trusts).
A single owner business trust is also allowed (tax treatment can vary under different circumstances).
A sole proprietorship is the default choice and can operate under a trade name, but provides no limited liability protection, unlike other choices of entity.
If you reside in the U.S., but are not a citizen, your visa may or may not permit you to conduct various kinds of businesses through a company that you own. This depends on the nature of your visa, if any. A lawful permanent resident can conduct almost any kind of business although there may be some tax election choices that you can't make. Someone on a tourist visa, in contrast, is very greatly limited in what they could do with a company.
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I think you're talking about a sole proprietorship.
In this era of rampant deregulation/non-regulation, I doubt that there would be many significant barriers to growth. If your company grows, you can always hire an attorney to help you figure out a way to deal with any barriers you do encounter.
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Can we hire other people in sole proprietorship(like what other countries do)? Can we change it to other types of company when we liked to fundraising by selling shares? – Hasani Aug 12 '18 at 10:30
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Sorry, I've pretty much exhausted my expertise on this topic. ;) Actually, I'm a sole proprietor, and I've hired people. However, if you're talking about hiring permanent employees, then that might change things. I can't answer your last question, but the answer is "probably." – David Blomstrom Aug 12 '18 at 14:34
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You can hire other people, but there are legalities in that and I'd get some expert advice first. If you have a sole proprietorship, it's all your property, and you can put it into some sort of limited-liability corporation whenever you want to form one. – David Thornley Oct 5 '18 at 16:51
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a "bare" sole proprietorship is not a "company" and does not offer limited liability. An LLC or corporation wholly owned by a single person does. See the answer by ohwilleke for more on that. – David Siegel Oct 10 '18 at 21:27
