StartGlobal VS Firstbase.io: How do they compare to each other?
Opening a company in the United States is possible even if you are not a citizen or do not reside in the country. Typically, there are no restrictions on who can form and own a limited liability company (LLC) or corporation in the US. This means that citizens of other nations can form, own, and join a US based LLC.
A business formation service can handle everything for you, saving you time, money, and stress. StartGlobal and Firstbase.io are two excellent online formation platforms for incorporation in the US.
What is StartGlobal
StartGlobal provides online company formation services to help global business founders establish and manage US businesses. StartGlobal provides everything you need to incorporate, and using their platform is simple. They can help you set up an LLC or a C corp, depending on your preference. You may register in either Delaware or Wyoming.
StartGlobal simplifies the entire formation process by eliminating time-consuming paperwork and legal complexities. They offer everything from formation to a registered agent, state filings, tax consultation, a business mailing address, a phone number, and a business bank account. Furthermore, they assist businesses with payments, accounting, and more.
What is Firstbase
Firstbase is designed to help founders from around the world easily launch a US-based business. They offer almost the same services as StartGlobal.
From company formation to registered agent services, as well as a convenient virtual mailbox for viewing and managing your physical mail online, Firstbase meets many of the needs of fast-growing businesses all within a single dashboard. Their platform is easy to navigate. Firstbase offers a variety of options to help business owners choose the kind of enterprise they want.
When you incorporate your business with Firstbase, they will assist you in setting up banking, processing payments, managing payroll, and remaining compliant. Firstbase will also assist you in obtaining your EIN.
How does StartGlobal Works?
StartGlobal has a simple process for setting up and running your business in the US. They have a team of experts who will assist you every step of the way to help you set up and run your business as quickly as possible.
To get started, you'll need to fill out an account registration form on their platform, providing details such as your name, current address, and business name. After signing up, verifications can be done with a copy of your passport or a national ID.
Following this, you'll need to decide whether to register your business in Delaware or Wyoming and then provide the required business information. Upon receiving your application, Startglobal will file the necessary paperwork with the state. StartGlobal requires 20-30 business days to complete the entire process, which includes obtaining your EIN and opening a bank account.
How Does Firstbase Work?
Firstbase is fairly simple to use. When a customer clicks the 'get started button on the Firstbase platform, they can begin the process of forming a US company. It takes about 5 minutes to enter all of the necessary information for setting up an LLC or corporation.
The customer can choose between Wyoming and Delaware as the location of their business. After that, the client will have to provide the necessary information about their new business, such as the company's goal, the name of the company, and the sector. Customers will be prompted for personal information like name, email address, and occupation at the final step.
The paperwork will be started as soon as you complete all of the steps in Firstbase's online portal. Typically, the entire process takes 10-15 working days to complete. The agency keeps you informed by sending you emails until the entire process is completed.
StartGlobal and Firstbase similarities
StartGlobal and Firstbase have some fundamental similarities, which are as follows:
Both provide all of the essential services required for business formation, such as LLC and C corp formation
Both register your business in Wyoming or Delaware
Both can get your EIN for you
Both offer the service of a registered agent
Both can set up a business bank account for your company
Both offer a US address and mail service
For foreign entrepreneurs who want to incorporate their business in the US and gain access to global payment gateways, both are excellent platforms.
Their Key differences
StartGlobal includes a US phone number as part of their setup services, whereas Firstbase does not
StartGlobal offers a registered agent as part of their initial setup services, but Firstbase does not
While both companies provide comparable services, StartGlobal has a much higher starting price than Firstbase.
StartGlobal Pricing
StartGlobal charges a one-time fee of $599. For that price, StartGlobal will handle everything necessary to get your business up and running, as well as provide other incredible benefits. All of your services are covered for an entire year.
The $599 one-time fee from Startglobal includes the following features:
- Name check and clearance
- Formation
- EIN application
- Registered Agent
- US address with Mail forwarding
- US phone number
- US business bank account with debit card
You'll have to pay annual fees to manage your business starting in the second year. The following are the key ongoing costs from the second year:
- Registered agent: $100 per year
- State tax filing: $299
- Federal tax starting at $299. Federal tax fee depends on your income, business, etc.
Firstbase Pricing
Firstbase charges its customers $399. It is a one-time fee that covers the initial services you require to start up. The $399 one-time fee for Firstbase includes the following:
- Company formation
- All filing fees & expedited processing
- EIN setup
- Post-incorporation setup (set of essential legal documents);
- Free tax consultation;
- Business bank account
- Access to an all-in-one platform
- Lifetime expert support
Firstbase offers the following key add-on services:
- Registered agent: $99
- Firstbase Mailroom (US business address mail service): $35.