Hi everyone. I'm thinking on opening a single member LLC (disregarded), but the member would be my local company (which I'm the single owner also). Are there any changes in the way 5472 form is filled for this scenario? Also, would it be more difficult to get bank accounts for the company? Thanks.

I saw a few people who have had their Mercury accounts closed and naturally worrried about your funds left in the account. Here is what I found out today: I emailed our contact at Mercury and here is their policy on closed accounts with money left (make sure your address service is working and they don't just forward the mail to you in another country, you may never see it): Hi Scott, I wanted to let you know that the funds are sent via check to the address on file. Typically, this process can take anywhere from 14 to 30 days once the account is officially closed. Please let me know if you have any further questions—I’d be happy to assist. Best, Sumner Watkins

Has anyone ever used a Skype Number (VoIP - same as Tello) to register with banks in the USA? In a video made by James, he recommends Tello, but I think Skype Number has the same functionality.

Hey I have a quick question I have a non resident LLC disregarded entity and I provide services from outside the US I have a business bank account on wise and mercury I wanted to ask If I want to take money from my business account as personal expenses what are the options here that I should consider? how can I create a personal bank account and pay myself from the business bank account?

I have been told that i need an ein number to file for my BOIR and my EIN takes about 8weeks to process and also sometimes it may fail. i called to check up on my EIN and the IRS told me that they cant track it without my SSN/ITIN (which i dont have). How do i make sure that the irs actually have my application.. My BOIR is due on sept 8th, what should i do if i dont get my EIN before then.