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Global Business Growth Club

Public • 1.5k • Free

5-6 stellige Monatsumsätze

Private • 33 • $99/m

16 contributions to Global Business Growth Club
Wise US dollar Account
Since Wise have halted the opening of US Dollar accounts, what have everyone been doing to get US Dollar accounts (for non-US residents)? Any way around this with Wise?
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New comment 8d ago
1 like • Oct 22
@Andrew Andrews I found out that you can combine your LLC with attractive credit cards from US and build your credit score as a sideeffect to be able to get more funding. Currently exploring best ways to build the credit score but it seems that you have to travel to USA to open some bank accounts in person. These options are better then the debit card from revolut or any other card. But you can consider it as a temporary solution.
0 likes • 16d
@Eric R yes
Signing up for Mercury Account
Hello, hope you're all doing well. I'm in the process of registering my Mecury account. I'm at the part with the ownership. It asking me for my personal details and address. I do have access to a US address if I need it or should I put in my home address from Ireland? I want to make sure I don't get denied for setting up an account. Thanks
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New comment 25d ago
1 like • Nov 2
@Sean McElroy I dont recommend you to use personal accounts for business purpose. One reason is that the bank might not allow this. But even they allow normally you dont want others knowing your private address or personal account details. In case of a legal dispute they can go for the details and contact your bank. If you use a personal bank account (I know others doing it since a SMLLC has passing through taxation so it does not matter who receives the money) make sure that you have more than one personal account in case your account get frozen because of a legal dispute. You can have another business with a bank account and create a contract between your LLC and that business for permitting the business receiving payments on behalf of the LLC. In that case you dont need a bank accout for your LLC. And you are right the IRS just wants to know how much you have taken in or out from the LLC. It means when your LLC receives money on another entity/persons account it still receives the money on its name but forward it in the same moment to someone else.
1 like • 25d
@Sean McElroy yes I have. just install a template and add some content and you are fine. or write site is under contruction and hope the best.
Single Member LLC US Bank Account - Non US Resident
Hey guys, so I've been studying this for a couple of days now on how to open a business account in US for non US resident. I've seen that if I can get a personal bank account in the US, I could easily use it to open a business account. So thinking about this I found the Charles Schwab International account Have any of you used this account or something similar to open a business account in the US? Additionaly, I saw that using something like anytimemailbox.com could work as well, and it's also cheap *If anyone has gone through these processes recently and wants to engage in this topic it would be awesome so we can see other perspectives as well
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New comment Nov 2
0 likes • Nov 2
do you have an ITIN? if so you can open real us bank accounts otherwise they are some alternatives without the need of ITIN. you need ITIN for a credit card.
Building Credit Score in USA
I discovered that the US credit score is an attractive way to get business funding. I know some service providers helping foreigners (non-US residents) to build credit scores in the US, but I would like to know who you can recommend and why. Also, should you travel to the USA to open bank accounts in person, or can you trust remote service providers to open accounts remotely? Is it safe?
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New comment 30d ago
0 likes • Oct 22
@Paola Moreno Can you recommend someone specific? Can James help or forward to a recommended person?
0 likes • Nov 2
@Scott Letourneau whats about credit cards with zero % interest rates for the first 12-18 months and credit card stacking? It sounds like you can fund up to 250k with the right credit score and delay the payment with credit card stacking (moving the debt balance from the previous card to a newer card to get a new 12 months period). I agree in general with the "real" approach but unforthunately its hard to do bigger stuff without leveraged capital.
Obtaining ITIN remotely?
What is the most accessible and economical way to obtain an ITIN as a foreigner and non-US resident? James has a video course about it, but I hesitate to send something directly to the IRS. I know their responses do not exist, and the waiting time of 3 months in a successful scenario is already too much. I am afraid that I will wait another 3 months if there is a mistake, or even worse, no reply at all even after 3 months and I have to repeat the process again. Do you know a certified IRS agent who can verify online without physical presence?
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New comment Oct 26
1 like • Oct 22
@Paola Moreno hanks for the offer but I see your next time slot is in one week. Could we speak earlier? the matter is urgent. I need to ITIN to start building my credit score and I want to start asap because waiting for the IRS response already takes more than 2 months.
0 likes • Oct 26
@Paola Moreno I sent a DM
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Rudolf Schmidt
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3points to level up
@rudolf-schmidt-5895
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Active 16d ago
Joined Jun 6, 2024
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