The tax implications of establishing operations in the U.S. remain one of the primary considerations for companies wanting to do so. All companies need to apply for a tax identification number with the Internal Revenue Service to establish U.S. bank accounts and create a payroll. The tax implications for employees depend on their residency status. American citizens face different tax policies than resident aliens do.
Tax considerations will also play a role in deciding where companies establish their business. Several federal, state, and local tax incentives exist in various locations to encourage business development. Often, these incentives depend on the industry or potential for creating new jobs in the area. With thorough planning, companies can often find themselves in very favorable situations.