MyUSACorporation

Lex Parkhomenko
MyUSACorporation

An accomplished executive with over 22 years of experience driving business growth and international market development. As a highly successful CEO and Managing Director, I have consistently delivered exceptional results for leading companies. My proven expertise includes spearheading business expansion across Ukrainian, European, and North American markets, achieving over 200% growth in sales within competitive environments. Recognized as a motivational and influential leader, I excel in guiding teams to achieve ambitious goals and meet challenging sales targets. I am skilled at building and maintaining lasting relationships, using my proficiency in Ukrainian, English, and Russian to communicate with clarity and diplomacy. As the owner of an exclusive franchise for company registration and business services in the United States, I was responsible for developing and successfully implementing comprehensive strategies to drive global business growth. These strategies enabled me to reclaim market share from competitors and attract a substantial number of new clients from around the world. To achieve these goals, I effectively leveraged the resources and expertise of four companies located in the USA, the UK, Estonia, and Ukraine. I conducted in-depth research into the services, business models, and strategies employed by competitors, identifying opportunities to enhance my offerings. By presenting prospective clients with tailored solutions that combined the best practices and most competitive advantages in the industry, I established a strong value proposition that set my services apart in the marketplace. At TOPUS, our team's strategic approach in business management has led to an impressive 500% revenue increase and a 30% cut in expenses. Our commitment to fostering an open, transparent, and accountable company culture has been instrumental in achieving these results. The strategies we've developed and implemented have not only increased growth by 200% in the year 2022 but have also guided the transformation of underperforming departments. With an unwavering focus on new business development, my leadership at TOPUS has resulted in significant international market expansion and the establishment of enduring customer relationships. Through executive leadership and employee training, we've established both short-term and long-term financial and expansion goals, steering the company towards a steadfast presence in diverse markets. These experiences underscore my dedication to driving strategic initiatives and organizational excellence in competitive landscapes.

  1. What is Limited Liability and why it is important?

    03/16/2019

    What is Limited Liability and why it is important?

    What is Limited Liability? The best way to explain limited liability is this - you risk what you put in. In other words, limited liability is a way to make sure that a person who is engaging in business does not risk his or her personal possessions in case the business fails. Any investor, partner, or member of the company that by law has limited liability cannot be made responsible for any unfulfilled company obligations and debts that are more than the amount that the person has invested. Jack and Jill Here is a simple comparison. Jack and Jill are friends. Jack is a handy guy and Jill is a great cook. To earn money from their talents, both start their own business. Jack earns his living by doing renovations. He bought his own equipment and simply advertises his services under his own name. Jack is a sole proprietor. Jill decided to open a bakeshop. Before going into business, however, Jill has formed a small corporation (an S-Corporation), called Jill's Cakes, Inc. Jill invested her savings into Jill's Cakes, Inc. as a starting capital and then bought her baking equipment and leased her shop on behalf of her corporation. So long as things go well for Jack and Jill there are almost no differences between the two ways of doing business. As soon as things turn sour though, the differences become apparent. One day, Jack mopped the floor right before leaving the apartment he just painted, but forgot to put up a sign. The owner walked in, slid on the wet floor and broke an ankle. He is suing Jack for medical expenses and lost wages. Jill accidentally dropped a peanut in a wrong batch of batter and caused a severe allergy attack in one of her customer. That customer is suing her for medical bills and pain and suffering. What is at risk for Jack and Jill? Jack is risking everything he owns - his work equipment, his truck, his house, his personal belongings. So long as there is a judgment against him, Jack must sell anything he owns to pay it. Jill is risking only her business assets - her cooking equipment, her cash reserves, and anything else owned by Jill's Cakes, Inc. But her personal things, such as her car and her apartment, are safe. Her business may become bankrupt, but her life will not be (completely) destroyed. Of course, this story describes a worst case scenario. Many businesses prosper without many troubles. But many also fail, and it is so easy for a business owner to take advantage of limited liability that everyone should do it. https://myusacorporation.eu/what-is-limited-liability-and-why-it-is-important MyUSACorporation is your reliable partner since 2009.

    5 min
  2. Registering Business in Illinois

    02/02/2019

    Registering Business in Illinois

    If you decided to open a new business that will be based in Illinois you can choose from several options: Sole Proprietorship: Sole owners of Illinois-based businesses could opt for sole proprietorship as the easiest form of business organization. Not the most recommended, given the liability a sole proprietor assumes as a result of owning a business. No registration with Illinois Secretary of State is necessary, but it is recommended to register an Assumed Business Name (DBA), and if you plan to hire employees then also obtain an EIN. REMEMBER: Illinois requires to publish the Assumed Business Name Certificate of Registration Notice in a general circulation newspaper in the county of registration. Learn more about Illinois publication requirements here. Single Member LLC: Limited liability company, as the name suggests, is an entity that allows its owners to limit the liability of the business to the entity itself, shielding the owners' personal assets. This type of entity is recommended for most small businesses. By default your LLC will be taxed as "disregarded entity", meaning you will file your LLC tax return as part of your personal tax return. Keep in mind though - LLC is a flexible entity, which means you have the option of electing it to be taxed as S-Corp (assuming you are a U.S. person) or C-Corp. Learn more about LLC here, and about the details of forming LLC in Illinois here. KEEP IN MIND: Illinois is one of the two states (the other is New York) where the cost of forming LLC is much higher than cost of forming a corporaiton. The reason for such price difference in Illinois is simply the difference in state filing fees - $325 as of this writing. Corporation: You can also form a corporation and be a sole shareholder with 100% of all shares. Corporations have more formalities than LLCs (for example in Illinois you are required to have bylaws and maintain minutes of meetings in corporate records), but provide similar limited liability protection. That's one of the reasons this entity type is often more suitable for bigger companies, or those who seek major investment. Corporations can be taxed as S-Corp or C-Corp, with each form of taxation having its pros and cons. Keep in mind, you can elect your corporation to be S-Corp only if you, as the sole shareholder, are a U.S. person. Partners General Partnership: Like sole proprietorship, this entity type does not require registration with the Illinois Secretary of State, but it also does not protect the owners from business liability, and therefore is usually not recommended. A General Partnership needs to register an Assumed Business Name (DBA), and obtain an EIN. Multiple Member LLC: like Single Member LLC for sole owner, Multiple Member LLC is often the entity of choice for small and new businesses with more than one partner. Corporation: Since corporation can have many shareholders, and transferring ownership is relatively easy (though share transfer) corporation might be a good choice of entity for business with partners. Keep in mind though - S Corporations are limited to 100 shareholders who must be physical U.S. persons. That means corporations owned (partially or fully) by non-U.S. persons or legal entities, cannot be elected as S-Corp, and therefore subject to double taxation of an C-Corp. In cases like that it would be recommended to consider choosing LLC instead. Limited Partnerships: Limited partnerships come in different forms, depending on the state (LP, LLP, LLLP). Though Limited Partnerships have their own purpose and place, for most cases we believe an LLC would serve its owners well enough, therefore at this point we do not cover Limited Partnerships. https://myusacorporation.eu/states/illinois/ MyUSACorporation is your reliable partner since 2009.

    5 min
  3. How to start a business in the US remotely

    01/29/2019

    How to start a business in the US remotely

    Registering Your Company In The U.S. Many international entrepreneurs are looking to create or expand their business into the U.S. market. MyUSACorporation Europe specializes in helping those entrepreneurs, and we would like to present you with several ideas to consider first. What Documents Are Needed? First of all, to register a company in the U.S. you don't need to present any documents - only information. Documents would be necessary in case you want a US address or need to open a bank account, but not for company registration. Do I Need To Be In The U.S. To Open My Company? Not at all. All filings can be done remotely, with us serving as your proxy in the U.S. In almost all cases when we need a signature from our clients this can be done electronically. Choice of State If you plan to buy real estate property, or open a "brick and mortar" store in the U.S. it is recommended to form your company in the state where this property or store is physically located. Majority of our clients choose either Delaware or Wyoming, due to more expensive fees in Nevada. You can see the comparison between those 3 states here: DE vs. NV vs. WY. Choice of Entity Foreigners can choose primarily between two types of entities: LLC and C-Corporation. LLC is the most common type of entity chosen by our foreign clients due to its simplicity, flexibility and single taxation. C-Corporation mostly chosen by young entrepreneurs looking to obtain Angel or VC financing. You can see a comparison between LLC and C-Corporation here: LLC vs. Corporation also Which Business Entity Is Right For Me?. Restrictions and Things to Consider First of all, as a foreigner you are not required to have Social Security Number to open your company and obtain EIN (company tax ID). You also don’t need to have a U.S. address or phone number, however if you like to have U.S. address and/or phone it’s possible to obtain them from specializing vendors (see phone vendors here, and our U.S. address solutions here). Banking in the US is a more complicated topic. There are some companies on the internet that promise international clients help in opening a bank account remotely, but we warn our clients to be careful with those who claim they can help that way. To learn more about banking in the U.S., associated problems, and possible solutions please read our article "Opening a Bank Account in the United States". Drop-shipping is a very popular modern business concept, and U.S.-based drop-shipping businesses became the driving force of the "location-independent entrepreneur" phenomenon. Much has been written on the mechanics of the drop-shipping business itself, so this article will only cover the aspect of U.S. company registration, taxation, banking, and other related business filings: U.S. Company Registration for a Drop-Shipping Business. Finally, international clients would need help filing their U.S. company taxes. We addressed this issue in our article U.S. Taxation for Foreign Entrepreneurs. So you’ve got a brilliant idea that you want to turn into a business. You want to save every penny possible as you get things going, so you file the papers to create your own business entity. It’s pretty simple, after all. You find some forms online, fill them out, and you you should be in business in no time flat. Read our article One Of The Biggest Mistakes Many New Business Owners Make (And How To Avoid It). https://www.myusacorporation.eu MyUSACorporation is your reliable partner since 2009.

    17 min
  4. Registering Business in Colorado

    01/29/2019

    Registering Business in Colorado

    If you decided to open a new business that will be based in Colorado you can choose from several options: Sole Proprietorship: Sole owners of Colorado-based businesses could opt for sole proprietorship as the easiest form of business organization. Not the most recommended, given the liability a sole proprietor assumes as a result of owning a business. No registration with Colorado Secretary of State is necessary, but it is recommended to register a trade name (DBA), and if you plan to hire employees then also obtain an EIN. Single Member LLC: Limited liability company, as the name suggests, is an entity that allows its owners to limit the liability of the business to the entity itself, shielding the owners' personal assets. This type of entity is recommended for most small businesses. By default your LLC will be taxed as "disregarded entity", meaning you will file your LLC tax return as part of your personal tax return. Keep in mind though - LLC is a flexible entity, which means you have the option of electing it to be taxed as S-Corp (assuming you are a U.S. person) or C-Corp. Corporation: You can also form a corporation and be a sole shareholder with 100% of all shares. Corporations have more formalities than LLCs (for example in Colorado you are required to have bylaws and maintain minutes of meetings in corporate records), but provide similar limited liability protection. That's one of the reasons this entity type is often more suitable for bigger companies, or those who seek major investment. Corporations can be taxed as S-Corp or C-Corp, with each form of taxation having its pros and cons. Keep in mind, you can elect your corporation to be S-Corp only if you, as the sole shareholder, are a U.S. person. Partners General Partnership: Like sole proprietorship, this entity type does not require registration with the Colorado Secretary of State, but it also does not protect the owners from business liability, and therefore is usually not recommended. A General Partnership needs to register a trade name (DBA), and obtain an EIN. Multiple Member LLC: like Single Member LLC for sole owner, Multiple Member LLC is often the entity of choice for small and new businesses with more than one partner. Corporation: Since corporation can have many shareholders, and transfering ownership is relatively easy (though share transfer) corporation might be a good choice of entity for business with partners. Keep in mind though - S Corporations are limited to 100 shareholders who must be physical U.S. persons. That means corporations owned (partially or fully) by non-U.S. persons or legal entities, cannot be elected as S-Corp, and therefore subject to double taxation of an C-Corp. In cases like that it would be recommended to consider choosing LLC instead. Limited Partnerships: Limited partnerships come in different forms, depending on the state (LP, LLP, LLLP). Though Limited Partnerships have their own purpose and place, for most cases we believe an LLC would serve its owners well enough, therefore at this point we do not cover Limited Partnerships. https://www.myusacorporation.eu/colorado.html MyUSACorporation is your reliable partner since 2009.

    4 min

About

An accomplished executive with over 22 years of experience driving business growth and international market development. As a highly successful CEO and Managing Director, I have consistently delivered exceptional results for leading companies. My proven expertise includes spearheading business expansion across Ukrainian, European, and North American markets, achieving over 200% growth in sales within competitive environments. Recognized as a motivational and influential leader, I excel in guiding teams to achieve ambitious goals and meet challenging sales targets. I am skilled at building and maintaining lasting relationships, using my proficiency in Ukrainian, English, and Russian to communicate with clarity and diplomacy. As the owner of an exclusive franchise for company registration and business services in the United States, I was responsible for developing and successfully implementing comprehensive strategies to drive global business growth. These strategies enabled me to reclaim market share from competitors and attract a substantial number of new clients from around the world. To achieve these goals, I effectively leveraged the resources and expertise of four companies located in the USA, the UK, Estonia, and Ukraine. I conducted in-depth research into the services, business models, and strategies employed by competitors, identifying opportunities to enhance my offerings. By presenting prospective clients with tailored solutions that combined the best practices and most competitive advantages in the industry, I established a strong value proposition that set my services apart in the marketplace. At TOPUS, our team's strategic approach in business management has led to an impressive 500% revenue increase and a 30% cut in expenses. Our commitment to fostering an open, transparent, and accountable company culture has been instrumental in achieving these results. The strategies we've developed and implemented have not only increased growth by 200% in the year 2022 but have also guided the transformation of underperforming departments. With an unwavering focus on new business development, my leadership at TOPUS has resulted in significant international market expansion and the establishment of enduring customer relationships. Through executive leadership and employee training, we've established both short-term and long-term financial and expansion goals, steering the company towards a steadfast presence in diverse markets. These experiences underscore my dedication to driving strategic initiatives and organizational excellence in competitive landscapes.

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