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flag United States United States: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labor | Social Partners

 

Setting Up a Company

A sole proprietorship
Number of partners: 1 person only.
Capital (max/min): No minimum legal capital required.
Shareholders and liability: The owner is liable for the company's debt
A General Partnership
Number of partners: No limit on the number of partners.
Capital (max/min): No minimum legal capital required.
Shareholders and liability: The General Partner is personally liable, with no limitation, for the company's debts and obligations.
Limited Partnership
Number of partners: In addition of general partners there is one or more limited partners.
Capital (max/min): No minimum legal capital required.
Shareholders and liability: The General Partner is personally liable, with no limitation, for the company's debts and obligations.
Limited Liability Partnership
Number of partners: No limit on the number of partners.
Capital (max/min): No minimum legal capital required.
Shareholders and liability: Limited Liability
A Public Limited Company (PLC)
Number of partners: No limit on the number of partners.
Capital (max/min): No minimum legal capital required.
Shareholders and liability: Liability is limited to the value of the capital contributed.
A Private Limited Company
Number of partners: No limit on the number of partners.
Capital (max/min): No minimum legal capital required.
Shareholders and liability: Liability is limited to the value of the capital contributed.
A Corporation half way between a joint stock company and a Private Limited Company
Number of partners: No limit on the number of partners.
Capital (max/min): No minimum legal capital required.
Shareholders and liability: Liability is limited to the value of the capital contributed.
The Competent Organization
The U.S. Securities and Exchange Commission. The certificate of incorporation, also called Doing Business AS (DBA) must be registered with the Trade Register of the State where the company is located. Only General Partnerships do not need to be registered.
Search a Company or a Financial Report
USPTO, United States Patent and Trademark Office
 
Setting Up a Company United States OECD
Procedures (number) 6.0 5.0
Time (days) 6.0 12.0

Source: Doing Business.

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in United States.
U.S. State Corporations Databases

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The Active Population in Figures

20112013
Labor force 153,600,000155,400,000

Source: CIA - The world factbook

 
200920102011
Total activity rate -65.00%63.60%
Men activity rate 71.90%70.20%70.10%
Women activity rate 58.40%57.50%57.50%

Source: UN - United Nations

 
Employed Persons, by Occupation (% of Total Labor Force) 2008
Real Estate, Renting and Business Activities 12.7%
Health and Social Work 12.5%
Manufacturing 10.9%
Education 9.1%
Construction 7.5%
Hotels and Restaurants 6.7%
Transport and Storage 4.5%
Electricity, Gas and Water Supply 0.8%
Mining and Quarrying 0.6%

Source: International Labor Organization (ILO)

 
For Further Statistics
U.S Bureau of Labor Statistics
For Further Information About the Labor Market
U.S Bureau of Census

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Working Conditions

Legal Weekly Duration
40 hours.
Retirement Age
65 years.
Working Contracts
The contract determines if the employee is part of the regular or non-regular staff. Full time employees form the regular staff. Among the non-regular staff, there are different types of contract: part-time workers, temporary workers, Interns.
Labor Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

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Cost of Labor

Minimum Wage
USD 1,256 per month (source: ILO, 2011).
Average Wage
Weekly average wage in USA is USD 818.
Social contributions
Social Security Contributions Paid By Employers: 7,65% (Medicare + social security), 6.2% Unemployment
Social Security Contributions Paid By Employees: The combined Social Security and Medicare employee tax rate range from 7.65% (6.20% + 1.45%) to 8.55% (6.2% + 1.45% + 0.9% on Medicare wages in excess of $200,000 if the employee is a high-income earner).

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Social Partners

Social Dialogue and Involvement of Social Partners
Today most labor unions in the United States are members of one of two larger umbrella organizations: the American Federation of Labor-Congress of Industrial Organizations (AFL-CIO) or the Change to Win Federation, which split from the AFL-CIO in 2005.
Unions
Unions
Unionization Rate
Union Membership had been steadily declining in the US since 1983. In 2007, the labor department reported the first increase in Union memberships in 25 years and the largest increase since 1979. Most of the recent gains in union membership have been in the service sector while the number of unionized employees in the manufacturing sector has declined. Most of the gains in the service sector have come in West Coast states like California where union membership is now at 16.7% compared with a national average of about 12.1%
Labor Regulation Bodies
Department of Labor
U.S. Bureau of Labor Statistics

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Last Updates: January 2015