A checklist for US expansion

While the process may differ for each company, there is a general step-by-step process to be considered:

1. Identify what states you’re looking to operate in and what activities you plan to carry out in each state (i.e., hiring employees, warehousing, sales, etc.)

2. Understand the specific state obligations and registrations for conducting business. Where do you need to register? Do you exceed the thresholds and obligations? If registered, what are your ongoing legal obligations?

3. What are tax obligations, and are there any tax incentives that may apply to your company? Not just from a federal perspective but also from the state and municipal levels. You also need to consider corporate tax, sales and use tax, and miscellaneous tax, including excise tax, property tax, etc.

4. Determine and organize your payroll & benefits strategy – what do you plan to offer, and what payroll option works best for your company?

5. Have you completed all supplemental tasks to be “operationally ready” – setup of a bank account, obtaining industry-specific licenses (for example, if you’re a medical or pharmaceutical company, you may need more licenses and approvals), etc?

6. Ensure you can recruit, hire, and retain the best talent.

How can HSP help with expanding into the USA?

With its team of expansion experts, HSP is perfectly placed to help businesses expand into the USA.

Our solutions are designed to make it easy for you to set up your business activity in the US. Let’s say you’ve found some incredible talent within the US market that you need to hire. We can make it happen within a month through our EoR and PEO solutions. Do you need to grow your payroll and back-office operations? We can do this too.

No other vendor does what we do in the US – we’re proud to be a ‘one-stop-shop,’ a single provider that can do anything from legal entity management and corporation, EoR, PEO, and payroll services to accounting and tax compliance.

We also provide a consultative element – when you engage with HSP for your US expansion, you get that extra layer of service with a dedicated consultant by your side. They will assist you with answering all your questions and advising you on how to successfully complete your expansion checklist in a compliant and efficient manner.