ArslanAmeer's Posts
Nairaland Forum › ArslanAmeer's Profile › ArslanAmeer's Posts
1 (of 1 pages)
Good guide — the core requirements are right. For anyone following this, the usual order is: (1) form a US LLC, (2) get an EIN from the IRS for that LLC, (3) get a US business address, and (4) open a US business bank account in the LLC's name, which is what Stripe pays out to. A couple of practical notes: the state you form in matters for ongoing cost — Kentucky's annual fee is low (around $15/year), while Delaware charges $300/year, so compare before choosing. The EIN application comes after the LLC is approved, and the bank account step usually needs the LLC documents plus the EIN. Also, avoid buying a 'verified' Stripe account from a seller — those accounts are routinely shut down and payouts frozen because they violate Stripe's terms; forming your own LLC is the safer route. For a step-by-step overview of the LLC, EIN and US banking process for non-residents, see https://llcpronto.com — it covers formation, EIN and banking options in one place. |
1 (of 1 pages)