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Global Business Growth Club

1.8k members • Free

11 contributions to Global Business Growth Club
Banking
Which is the best bank for someone just starting out?
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New comment Mar 11
0 likes • Mar 10
@Jason Toussaint you don’t need ITIN bro are u in USA OR outside of USA
0 likes • Mar 10
I think u should schedule a call with James baker his team will guide basic things for free of cost u don’t need to pay because a am the customer of James baker
How you doing?
@Jach Llc hey bro Im trying to hit you up
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New comment Mar 10
1 like • Mar 10
Yes
Total assets on Pro-forma 1120 and Form 5472?
Are total assets required to be filled in on the 1120+5472? Also, do we need to sign pro-forma 1120? How is this field needs to be filled? Do we need to just type our full name as a signature, or do we need to insert an actual signature? Do we tick the Yes on the right, or can we just leave it blank, or check No? Is the amount paid to form the LLC count as contributions?
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New comment 29d ago
Total assets on Pro-forma 1120 and Form 5472?
0 likes • Feb 27
Which country are you from brother?
0 likes • Feb 27
I am having problems with banking could please help me, just answer my small doubts
Best country for company formation, let's find a ultimate path to run our business hassle-free.
Hey guys, we all know USA is being challenging for foreign individuals who operate from there own country and never wish to come to USA due to high living cost in USA, or may want to enjoy tax-free company with US-standard services. For me those both reason are responsible to force me to open US LLC. Not a normal LLC, but a foreign-owned single-member LLC taxed as sole propriety (I.e. A single-member LLC who don't wish to elect his LLC to C-Corp, mostly for tax-free LLC). So after deep research, I planned to open an LLC in USA. I used a RA service, I can't spell that name here, but I unfortunately hadn't choose James Baker, my first regret, maybe if I had choose James Baker its will got much easier to achieve my goal. Whatsoever, my RA took a week to registered my company In WY, it took rough one and half month to get my EIN ready. Getting EIN was very tough, it took me 100+ calls to IRS, I called them 5 times daily and faxed them SS-4 maybe 3 times. Whatsoever, I got my EIN, and the final step was getting some banks account, it even fell illegal to say some banks, because getting a small fintech is extremely tough, so tough 🥵. I dare say, I sended my application to 25+ banks, but there are major problems I faced, which are listed below: 1. Need of physical address (99%) 2. Need of USA resident (99%), why I said 99% here, if you think so, let me explain that if bank ask for physical address this automatically implies that you must be a USA resident (focus that I said resident not citizenship), or if you don’t want to be USA resident, they just need you to make a honeymoon in USA, and caught with some banks physically and open and go back to your country until they will ask you to verify your address again and if you back to your country you will have to comeback to verify it that, not all the time but sometimes. 3. Need USA number, VoIP accepts but sometimes don’t. VoIP are expensive around $75 1st month, and afterwards $15-25. Only if you wish for good VoIP number, otherwise you will use your cheap numbers and that number got rejected most of the times. And a residential number is only possible if you are a US resident, I said resident not citizenship, and also if you have your someone in US then it’s so good for you, they can activate your number and convert into eSIM and directly can send back to you. If not then you have last option to get a residential sim, is purchase it via third-party sellers from Amazon or eBay who directly ship there butts to your country, maybe this works I don’t know properly. I am a poor guy so I planned to use my country residential phone number.
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New comment Mar 4
Need suggestions
I got I obtained my EIN yesterday and now wish to open a bank account, but I am facing difficulties. Could anyone assist me?
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New comment Feb 26
1 like • Feb 24
@Paola Moreno Thanks for replying, I tried to apply for various fintech like wise, brex etc and found that they ask for physically presence in USA, which isn't possible for me. OR they ask for a physical bank statement, how'd I get that thing, because there no banks allowing to open bank with a foreign-owned single-member LLC. Do you have any suggestions or tricks? If so please tell me, it will help me alot!
1 like • Feb 26
Yep sure I have already scheduled a call from tomorrow
1-10 of 11
Janak Mahatara
2
7points to level up
@gain-gain-9327
I am a newbie entrepreneur, and want to make business partners, not friends :)

Active 11d ago
Joined Jan 20, 2025
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