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Global Business Growth Club

1.7k members • Free

3 contributions to Global Business Growth Club
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 12d ago
1 like • Jan '24
How about a list of the U.S. brokers and their requirements to open an account...
US brokerage account
"Hello everyone, I'm seeking advice on US brokerage accounts. Does anyone have recommendations for a brokerage account that can be opened for a non-resident LLC in the United States? Any insights or experiences with specific brokerages would be greatly appreciated. Thank you!"
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New comment Dec '23
0 likes • Dec '23
@James Baker Hi, how much do you charge to incorporate a multi member LLC, and then to open a brokerage account with Schwab? Thanks in advance.
Dividen withholding (SMLLC, MMLLC, Foreign Corp Owned.)
Hi, I'm a trader. I've watched the latest video regarding brokers and having a brokerage account with a Single member LLC, Multi member LLC, and Foreign Corp Owned (Panama company) but I'm a bit confused when it comes to dividen withholding, please clarify if you can.. Are all of those options (SMLLC, MMLLC, and Foreign Corp Owned) subject to Dividen withholding from the IRS, and if so, is the withholding rate based on your country of residency? And How does that apply in the case of having a brokerage account under the Foreign Corp Owned if it's a Panamanian company that owns the LLC? Thanks in advance.
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New comment Feb '24
0 likes • Oct '23
Thanks for the reply. Could you please summarize the benefits of having a Foreign Corporation that ownes an LLC, over just having a Multi member LLC ? Thanks in advance.
0 likes • Oct '23
Thanks James, I will be in touch in the next few weeks to learn all the details. I need to open an account with Charles Schwab, and of course I would like to avoid the Estate Tax. Thanks again.
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Peter Hake
2
14points to level up
@peter-hake-7991
Wanting to learn..

Active 33d ago
Joined Oct 4, 2023
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