Question 1

Can I open a US company if I live abroad and have no SSN?

Accepted Answer

Yes. You do not need an SSN or an ITIN to form an LLC or a C-Corp, and you do not need one to get the company's EIN. Fae asks only for what the filing needs and tells you what each item is for.

Question 2

What is the difference between an LLC and a C-Corp?

Accepted Answer

An LLC is the simplest way to own a business in the US, and its internal rules go in the Operating Agreement. A C-Corp is a standard corporation, the kind investors usually ask for, and its rules go in the Bylaws. Fae explains the differences and recommends one for your situation, and the decision is yours.

Question 3

Which state should I choose?

Accepted Answer

Wyoming is very common for people living outside the US: filing costs $100 and the annual minimum is $60. Investors usually ask for Delaware when the company is a C-Corp, Florida charges $125 for an LLC, and New Mexico about $50 with no annual report for LLCs. Tell Fae about your situation and she will recommend one.

Question 4

How long does the filing take?

Accepted Answer

The state decides, not us. In Wyoming, an online filing makes the company active as soon as it is completed. Delaware usually takes between 1 and 3 weeks, Florida between 1 and 2, and New Mexico anywhere from a few days to a couple of weeks.

Question 5

What does the formation include?

Accepted Answer

We check the name, file with the state, order the registered agent for the first year and prepare your Operating Agreement or Bylaws. Help opening a bank account comes with every order. The EIN, ITIN, business address and annual report are separate services you choose.

Question 6

How is the price made up?

Accepted Answer

Your payment has two parts: the state fee, which we charge at exact cost with no margin, and FairEntity's service fee. You see them separately in your quote, and we charge nothing until you have seen the total.

Question 7

What does it cost each year?

Accepted Answer

It depends on the state. Wyoming asks for an annual report with a $60 minimum; Delaware charges an LLC $400 a year and a corporation from $225; Florida charges $138.75 for an LLC and $150 for a corporation; an LLC in New Mexico pays no annual fee. After the first year you also renew the registered agent, and your quote shows these costs before you pay.

Question 8

What is a registered agent and why do I need one?

Accepted Answer

It is a person or company with a physical address in the state that receives your company's official mail. Every state requires one. We order the first year as part of the formation and warn you before the next one expires.

Question 9

How do I get an EIN without an SSN?

Accepted Answer

The EIN is your company's federal tax number. When the responsible party has no SSN or ITIN, Fae prepares the SS-4 form for you to sign and we send it to the IRS. That route usually takes 4 to 10 business days.

Question 10

Do I need an ITIN?

Accepted Answer

Not to form the company or to get its EIN. An ITIN is a tax number for you, not for the company, and it is a separate service we prepare with you and a certified acceptance agent if you need it.

Question 11

Can I open a US bank account from my country?

Accepted Answer

Fae walks you through the process and tells you which documents banks usually ask for, such as the EIN and the company papers. That help is included. Each bank decides whom it approves, and we do not control that.

Question 12

Do I need a US business address?

Accepted Answer

It is an optional service: a US street address for your company, with mail scanning, renewed each year. You can add it to your order or later.

Question 13

What is an Operating Agreement?

Accepted Answer

It holds an LLC's internal rules: who owns what percentage and how decisions get made. We draft it from your company file, a person on the team reviews it, and it appears in your dashboard with your other documents. For a corporation the equivalent document is the Bylaws.

Question 14

What is the annual report and who files it?

Accepted Answer

It is a document many states require to keep a company active, sometimes with a fee or a tax. Fae notes each date and reminds you 60, 30 and 7 days before. If you want, we prepare and file the report, and the state fee is charged at cost.

Question 15

What is Form 5472?

Accepted Answer

It is an information return the IRS usually asks of US companies with foreign owners, and it is filed even if the company had no income. Not filing it can lead to penalties. We do not file tax returns, so Fae reminds you it exists and recommends reviewing it every year with an accountant who works with foreign-owned companies.

Question 16

How are my company's taxes paid?

Accepted Answer

That depends on your case and your country, and FairEntity does not give legal or tax advice. Fae gives you general information about the obligations that exist and, if your situation needs it, can refer you to a licensed professional.

Question 17

Is Fae a lawyer? Is she a person?

Accepted Answer

Fae is an AI assistant, and she says so if you ask. She is not a lawyer and FairEntity is not a law firm. What cannot be automated is done by a person on the team, and you see the same progress in your dashboard.

Question 18

How do you protect my data?

Accepted Answer

Numbers such as an SSN, ITIN, passport or date of birth are never typed in the chat: Fae opens a private form that stores them encrypted and does not send them to the AI model. They are shown to the team only when a task needs them, and each access is logged.

Question 19

Do I get a refund if I change my mind?

Accepted Answer

If we have not yet filed anything with the state, we refund the full service fee. State fees that have already been paid are not refunded. If the name you chose is taken, we contact you to pick another at no cost.

Question 20

How do I pay?

Accepted Answer

By card through Stripe, in a single payment. There are no subscriptions or automatic charges. When a renewal gets close we send a reminder and you decide whether to pay it.

Question 21

Can I stop halfway and continue later?

Accepted Answer

Yes. Fae saves every answer in your company file, so when you return you pick up where you left off. Drafts with no activity for 90 days are archived.

Question 22

Which languages can I use with Fae?

Accepted Answer

Spanish and English. The site detects your browser's language, and Fae answers in the language you write in and switches when you do.

Question 23

Can I change my company's name or state later?

Accepted Answer

Before paying you review a summary and can correct anything. After the filing, changes such as a new name or a different state are not a service we offer yet: tell Fae what you need, she notes it and the team reviews it with you.

Question 24

Where does the money I pay go?

Accepted Answer

State fees, providers and operating costs are covered first. What is left after costs is donated to humanitarian and animal aid in Venezuela, and each month we publish a ledger with income, costs and donations.

Register your company in the United States.

Everything about your company, in one place.

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This is your company, inside.

What is included and what it costs.

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What we earn, Venezuela receives.

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Your US company starts with a conversation.