Forming a business in the US — immigrant entrepreneur guide

How to form an LLC in the United States as a Hispanic immigrant. Comparison of the 6 best states, requirements, costs, foreign-owner rules, and connection to ITIN.

Forming a business in the US — for immigrant entrepreneurs

The most common business structure for immigrants in the US is the LLC (Limited Liability Company). This guide covers how to form an LLC, which state to choose, and how to connect with your ITIN and personal banking.

States covered in detail

  • California — Formation $70, annual $800 minimum franchise tax + $20 annual report…
  • Texas — Formation $300, annual $0 (no annual report fee) — but franchise tax fili…
  • Florida — Formation $125, annual $138.75 annual report…
  • Delaware — Formation $110, annual $300 franchise tax (flat)…
  • Wyoming — Formation $100, annual $60 annual report…
  • Nevada — Formation $425 (incluye Initial List + Business License), annual $350 annual list + $200 business license = $550/ye…

What is an LLC?

An LLC offers:

  • Personal asset protection
  • Tax flexibility — taxed as partnership or sole proprietorship by default
  • Low administrative cost
  • Business banking access
  • Allows foreign ownership — no restrictions for ITIN holders or non-residents

Need SSN for LLC? NO

You can form and operate an LLC with ITIN or even without ITIN as a non-resident. The IRS assigns the EIN (business tax number) independently of the owner’s SSN.


Last verified: 2026-05-25.

General procedural information for educational purposes. Not legal, tax, or immigration advice. Laws and fees change — verify with the issuing agency before taking action. For case-specific guidance, consult a licensed immigration attorney or other appropriate professional.

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