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Global Business Growth Club

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17 contributions to Global Business Growth Club
LLC Business Account
Hello great people, please I need someone to help me with guidance on how to register a us business account with EIN (without SSN/ITIN) as a non resident
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New comment Aug 7
0 likes • Jul 31
@Okafor George Great, so what's the question?
0 likes • Aug 7
@Okafor George Wise are still flexible and allow non-residents open business accounts quite easily. Try them - https://wise.com/invite/u/dannyg279
Mercury asking to verify LLC physical address.
Hi everyone, I'm opening a Mercury account for my LLC and after submitting all the documentation I just received an email asking for a utility bill or bank statement for my LLC (which I don't have at the moment). Does anyone have any tips on how to proceed in this case? UPDATE: I was approved after submitting a Wise bank statement with my LLC address.
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New comment Oct 11
Mercury asking to verify LLC physical address.
0 likes • Jul 24
@Lucas Oliveira What was in the statement? Your address in your foreign country? And which account is in Wise - USD account or your home country currency? If I'm not mistaken, the company name is on the Wise business account, not your personal, and the business address is on the statement... That is what you used to prove your personal address with? Thanks!
0 likes • Jul 24
@Lucas Oliveira Thanks!
Bank account
Hey team, I am just wondering if anyone has the experience to use your foreign card for any kind of business? Like to pay all the cost for your US company and also earn revenue out of it? My plan for now is to start first anyways, considering I still have until April to deal with tax? and at some point hire professionals, like James to open a business account and take care of my tax entirely. Any advise?
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New comment Jul 10
2 likes • Jul 7
There's no problem with it, you'll just have to record it properly, that's it... Make sure you log it somewhere and hand it to the CPA once you deal with your taxes filling Don't make a habbit of it, it's better to separate personal and business expenses, so once you have a bank account and credit/debit card, use those
Levro Bank Backup Withholding
Levro has a new partner bank and they invite everyone to transition to them. In the process I am being asked to confirm a tax certification statement. Do I tick the backup withholding box or not? I am a non-US resident with a SMLLC.
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New comment Jul 10
Levro Bank Backup Withholding
0 likes • Jul 7
I think you are not subject to withholding, unless you are... It depends on your personal circumstances. But by default, the non-residents are not subject to withholding. I thought Levro are not open yet as a bank... They have a waitlist... how long are you there?
Open your US bank account here
If you have your LLC you now need to open bank accounts (the first two are free so open both!). I'm going to share some links below to what I think are the best options. They are my affiliate links and I'll address them separately so you can understand the benefits. When applying, be honest but always emphasize more on how you will help your US clients. Relay financial - I have a great relationship with relayfi and they have told me that applicants that use this link have a greater likelihood of being approved. I use relay for my business and it has been great.the account is free to open. https://app.relayfi.com/register?referralcode=jimbaker Mercury bank - this is another great option. Again focus on how you are serving clients in the US. This link should give you bonuses once you are approved. The account is free to open. https://mercury.com/partner/jamesbakercpa Wise - this is not a bank but is a useful way to get paid and pay other people sign up with my link to get free transfers up to $500.. the account is free to open but there are small fees to open different currency accounts https://wise.com/invite/ahpc/jamesb2812 Stripe - if you are selling anything I would first try stripe.com for payment processing. I don't have a special link for them. Let me know if there are other accounts you may be interested in, how this goes for you and which you prefer!
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New comment Nov 4
0 likes • Jun 18
@Mark Carson Yep, my residency address
1 like • Jun 18
@Mark Carson Using me personal address as US address means Im from the US and subject to US taxation or at least reporting to the IRS... No? @James Baker is there a way to workaround it without giving a random personal address?
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Danny Gelfenbaum
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4points to level up
@danny-gelfenbaum-4821
Salesforce Consultant, traveling the world and living as a digital nomad

Active 55d ago
Joined Feb 10, 2024
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