Can I use my LLC to open third-party solutions?

[kurosaki4d]

Hello Everyone,

I'm a "Non-US resident" and I intend to create an LLC in Wyoming, for the purpose of "Anonymity" and being able to work smoothly with PayPal, Stripe, Facebook ads, New US bank accounts, Visa passports, etc ...

I checked with a US Accountant and he told me that if i choose an anonymous LLC, as papers of ownership I'll only get a "Statement of Organizer".

He told me that in some cases when clients want to prove their ownership of a company with other services, that statement alone isn't enough.


So, my question is to people who have LLC in either Delaware, Wyoming, or any other anonymous state that use "Statement of Organizer".

Has any of you successfully used that piece of document to create or verify third-party services online, like the ones I mentioned earlier?



Your guidance is deeply appreciated.

Thanks in advance

 

[Clank]

You need to use your EIN letter and operating agreement.

 

[kurosaki4d]

You need to use your EIN letter and operating agreement.

Thanks, man. I wasn't aware of those additional required documents.

I would like to know how easy and where I can get those two pieces of additional documents:

- Do you download a PDF copy of your EIN letter from the IRS website? If yes, how soon can you get it?
- Do you use a template to create and fill out the Operating Agreement and sign it yourself?

 

[cuno]

searching for EIN and US LLC forum wide will give you a lot of information on how quickly to get that.

 

[kurosaki4d]

Apologies, it seemed like that kind of information was indeed present in the forum in abundance, but not for the following:

As for providing a proof of my LLC address, is the registrant's address enough or is there another way?

Because I hear that's not accepted in most establishments for verification purposes

 

[ilke]

Apologies, it seemed like that kind of information was indeed present in the forum in abundance, but not for the following:

As for providing a proof of my LLC address, is the registrant's address enough or is there another way?

Because I hear that's not accepted in most establishments for verification purposes

Might be better to rent a real virtual office with a dedicated suite number. In Wyoming, your business address can be in a different state (say a Floridian virtual office). Some banks might be happy with this but not happy with just the registered agent.

Some FinTechs like Mercury don't care much about the US address but want to see proof of your foreign address (like your house where are you working digitally from).

You can get an EIN in like 3-5 days if you call the IRS the next day after you submitted the application form and wait a few hours on the line.

Do you use a template to create and fill out the Operating Agreement and sign it yourself?

Yes, some registered agents will give you a template for free to download along with their service. There are sites like Lawdepot where you fill out a form and it prepares the applicable operating agreement for you. And you can also just search on Google.

 

[kurosaki4d]

Might be better to rent a real virtual office with a dedicated suite number. In Wyoming, your business address can be in a different state (say a Floridian virtual office). Some banks might be happy with this but not happy with just the registered agent.

Some FinTechs like Mercury don't care much about the US address but want to see proof of your foreign address (like your house where are you working digitally from).

You can get an EIN in like 3-5 days if you call the IRS the next day after you submitted the application form and wait a few hours on the line.

Yes, some registered agents will give you a template for free to download along with their service. There are sites like Lawdepot where you fill out a form and it prepares the applicable operating agreement for you. And you can also just search on Google.

Thank you so much for this incredible amount of useful information.

Ok, so I'll go with a virtual office. When your business is asked for a proof of address, does the virtual office provide you with some kind of proof that has your name of your LLC name on it?

If you don't mind me asking, is there any good virtual office you can recommend to me for this kind of purpose?

That would save me a lot of headaches of finding the right one for my LLC

 

[Octagon]

How do you plan to have US PayPal Account as a non resident. EIN is not enough.

 

[kurosaki4d]

How do you plan to have US PayPal Account as a non resident. EIN is not enough.

I'm not planning to get a US PayPal account, but rather use my existing one for my country that isn't the USA.

And to confirm that same account's business info, I'll upload the Statement of the organizer and EIN.

Having said that, will that work?

 

[Octagon]

I'm not planning to get a US PayPal account, but rather use my existing one for my country that isn't the USA.

And to confirm that same account's business info, I'll upload the Statement of the organizer and EIN.

Having said that, will that work?

I don't know If I understood you propoerly

PayPal is a country specific, if you open personal account, you need to be present in that country, use address in that country, use mobile phone in that country too.

If you open a business account, you need to have a business in that country with all its details.

you can't create a US company and go use it to open UK PayPal.
I believe opening a subsidiary in uk from your us company might work, Haven't test it and I'm not sure about it.

in the past, PayPal US allowed opening business accounts with only EIN, but now they require SSN as well which you don't have as a non resident.
Some People say that they managed to open Business PayPal Account as non residents using ITIN. Haven't tested this myself.

 

[12345]

If you open paypal account for USA LLC in a different region of paypal than USA then your account might get blocked after some time, check it with paypal before starting doing business. Happened to me, had my funds frozen for 180 afterwards, it was really frustrating.

Yes EIN letter and operating agreement should be enough to open Stripe and a bank account

When you buy virtual address they should give you a lease agreement for it. with your company name on it. For the address provider check this one: https://www.anytimemailbox.com/virtual-office-address

 

[12345]

I don't know If I understood you propoerly

PayPal is a country specific, if you open personal account, you need to be present in that country, use address in that country, use mobile phone in that country too.

If you open a business account, you need to have a business in that country with all its details.

you can't create a US company and go use it to open UK PayPal.
I believe opening a subsidiary in uk from your us company might work, Haven't test it and I'm not sure about it.

in the past, PayPal US allowed opening business accounts with only EIN, but now they require SSN as well which you don't have as a non resident.
Some People say that they managed to open Business PayPal Account as non residents using ITIN. Haven't tested this myself.

It was possible to open for example UK paypal account for USA LLC 6 yrs ago or so but in general it is not allowed. I opened such account myself and had it blocked and funds frozen for 180 d

 

[kurosaki4d]

I don't know If I understood you propoerly

PayPal is a country specific, if you open personal account, you need to be present in that country, use address in that country, use mobile phone in that country too.

I had a personal paypal account as a non-us resident
created in my home country, then switched that same personal account to a business account using sole proprietorship status.

Now that I'm looking to create an LLC, I'll be updating the business status for that same account with my US LLC information.

So, that should work right?

If you open paypal account for USA LLC in a different region of paypal than USA then your account might get blocked after some time, check it with paypal before starting doing business. Happened to me, had my funds frozen for 180 afterwards, it was really frustrating.

Yes EIN letter and operating agreement should be enough to open Stripe and a bank account

When you buy virtual address they should give you a lease agreement for it. with your company name on it. For the address provider check this one: https://www.anytimemailbox.com/virtual-office-address

Thank you, i really appreciate the link, anytimemailbox was my second option. Did Anytimemailbox give you a lease agreement?

And since I'm creating an LLC in Wyoming, since it's an anonymous company, they don't give a "Articles of Organization" but only a "Statement of the organizer", will that still be enough to verify Paypal business account with EIN?

 

[fighthorse]

Some FinTechs like Mercury don't care much about the US address but want to see proof of your foreign address (like your house where are you working digitally from).

So if you are duly setup in the USA then Mercury does not care if you live in Spain ?

 

[Clank]

So if you are duly setup in the USA then Mercury does not care if you live in Spain ?

No, but Spain tax authorities will care.

 

[12345]

No, but Spain tax authorities will care.

Mercury does not participate in CRS or FATCA as far as I know so the tax authorities will not find out I believe but it's risky and not recomended to count on lack of crs report. better to move out to more business friendly country

 

[alain]

No, but Spain tax authorities will care.

that is a different story.

In regards to paypal you can simply use photoshop to make a good utility bill for pp.

 

[koohl]

Might be better to rent a real virtual office with a dedicated suite number. In Wyoming, your business address can be in a different state (say a Floridian virtual office). Some banks might be happy with this but not happy with just the registered agent.

Any idea of the costs for renting such a real virtual office as you suggest and also where to do so ?