How to start a business in Pennsylvania
Pennsylvania has a positive business tax and regulatory structure that comes from its strong policy based economy. The state is heavily dedicated to creating initiatives to aid the success of companies.
It has an environmental policy to stress cooperation and has made significant cuts in business taxes, radically reformed workers’ compensation, and deregulated both the electric and gas utilities in order to support Pennsylvania businesses. This makes it a very attractive business location for foreign investors.
Requirements for starting a business in Pennsylvania
• The minimum share capital required is $1
• An increase in the shares may cause an increase in the initial filing fee
• At least one director must be appointed
• Residency for directors is not required
• Directors are also not required to be listed in the company’s articles of incorporation
• The names of LLC’s should be followed by the suffix, LLC. Corporation’s names must be followed by INC.
• The name of either company form must bear similarity to another corporation
How much does it cost to start a business in Pennsylvania?
- Due to the unique and individual nature of businesses, all enquiries are POA
How long does it take to start a business in Pennsylvania?
Starting a business in Pennsylvania takes around a week, depending upon the receipt of all relevant information. The documents will be sent to you anywhere in the world.
Serviced or virtual offices in Pennsylvania
Virtual offices include telephone, fax and mail forwarding facilities. The cost is £220 per month payable quarterly in advance, plus £660 deposit refundable within 30 days upon termination of your office contract.
Serviced offices are designed according to requirement.
Accountancy services
We extend a full range of accountancy services to Pennsylvania companies. Please contact us for a quote based upon the approximate number of monthly invoices and projected annual turnover.
How to start a business in Pennsylvania
In order to begin the process of starting a business in Pennsylvania, we require the following documentation:
• A completed application form
• 100% of the company formation cost
• Two utility bills less than three months old
• A certified copy of each Directors/Shareholders passport
Please contact us for further information about registering a company in Pennsylvania and our services.