The Construction, Shipbuilding, and Building Contracting Sector in the United States
ExportUSA provides all the services Italian companies need to operate on construction sites in America
In 2021, federal investments will begin for the renewal of American infrastructure. There will be great opportunities in a wide range of projects related to construction, modernization of ports, airports, bridges, radar systems, cargo terminals, pipelines, dams, hydroelectric plants, rail and subway lines, etc. By leveraging ExportUSA's decades of experience, your company can enter the American market quickly and without making mistakes
The construction industry finds one of the largest markets in the world in the United States (projects worth over 1.3 trillion dollars invested in 2019)
In 2020, the capital invested in private construction reached numbers three times higher than those of public construction;
Public works are largely represented by residential construction;
Investment in the development of public transport and the railway network is increasing. In 2020, approximately 24.5 billion USD were invested in projects related to the construction or modernization of railway networks or subways.
EXPORTUSA SERVICES in the Construction Sector in the United States
1. OPERATIONAL ANALYSIS AIMED AT IDENTIFYING THE MOST EFFICIENT CORPORATE STRUCTURE
In which state to open the company;
Which legal entity to open;
How many legal entities to activate;
How to structure the corporate membership.
2. COMPANY FORMATION, TAX COMPLIANCE
Registration of the company with the Competent State Department;
Issuance of the corporate statute and appointment of directors;
Obtaining the Federal Tax ID number;
Activation of a physical domicile in the United States associated with a dedicated phone number;
Activation of the corporate bank account;
Allocation of corporate shares;
Documentation of corporate decisions according to local regulations;
Activation of tax accounts at the Federal, State, and Local levels;
Calculation and deposit of tax advances due throughout the year;
Receiving and managing corporate correspondence;
Depositing checks on behalf of the company.
3. ACCOUNTING MANAGEMENT
Identification of the most suitable accounting software for business needs (capable of measuring project profitability and optimizing tax exposure)
Management of accounts payable and bank reconciliation;
Tutoring and assistance for the correct classification of expense items to create conditions to request work visas for foreign citizens.
4. INSURANCE IN THE United States
Analysis of policies possibly existing in the name of the foreign affiliate covering operations in the USA;
Verification of legal requirements for insurance coverage (depending on the State, type of projects - public or private, commercial or residential, union jurisdiction or non-union, licensed or unlicensed, etc)
Quotation and activation of appropriate policies and issuance of Certificates of Insurance including all quantitative and qualitative data (limits, named holders, additional insured, endorsements, exclusions, hold harmless, etc)
Maintenance of policies;
Management of relationships with Auditors.
5. Review of CONTRACTUALS for working in the shipbuilding and construction sector in the United States
Review of existing commercial contracts (lease, service agreements, settlement agreements, etc): in a country where the Contract is law, contracts are essential;
Transfer of commercial contracts from the foreign affiliate to the NewCo (tax liabilities, competent forum, contract transferability, terms, sub-supply, etc)
Review of contract semantics to ensure maximum flexibility without sacrificing protection in case of disagreements or legal disputes (the contract structure is essential to allow the exercise of specific legal tools in case of breach of contract or default by one of the parties, preventing the worsening of the default that would lead to costly and inconclusive lawsuits)
Drafting contracts in line with American best practices for employment contracts (Exempt and Non-Exempt employees)
ExportUSA handles the accounting for all types of American companies and all types of businesses. In addition to bookkeeping, we prepare and present end-of-year income statements as well as quarterly [or monthly, depending] sales tax statements.
(+1) 718-5225575
