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Non-US residents can now open an LLC business bank account online with Mercury.It wasn’t until this year that opening a business bank account for your LLC was extremely difficult for non-residents. You had to travel to the state where you formed your LLC and open a bank account in person.To open an account you will need:Documentation - Required documentation will depend on the state where you form your LLC. The most common forms will be any of the following Articles of Organization, Certificate of Organization, Certificate of Formation. You will also need to send a stamped and approved copy of your LLC approval documents.Identification - Mercury will only accept a passport for non-US residents. Additionally, they will ask for your phone number and other personal contact information.Address - You will need to provide Mercury with your LLC’s business address. This can be an office location or the address of your registered agent.Employer Identification Number (EIN) - You will need to show proof of your LLC EIN Number. Mercury will only accept two official letters from the IRS. You can submit an EIN Confirmation Letter (CP575) or EIN Verification Letter (147C).For a list of documents required to open a business bank account you can download it here.OFAC Restricted CountriesBecause of U.S. sanctions, you won’t be able to open a bank account if you reside in some countries. For a list you can check the Sanctions Programs and Country Information issued by the U.S. Department of Treasury.You can see all of Mercury’s fees here: Mercury pricingYou can see frequently asked questions here: Mercury FAQsIf you are a non-US resident/citizen and plan to open your bank account in the U.S. in person, you will need to check with the bank to see if they support international businesses and what types of documents are required to open an account in the U.S. International banks tends to be more friendly to international businesses.

This depends on your business entity type. I’m going to speak for an LLC in this situation.Opening a business bank account often can be setup quickly if you have registered you LLC and are local (international individuals who want to open a business bank account in the US is more difficult and we recommend you call your bank of choice for the best method to apply).Opening a business bank account with that in mind can be done in 3 easy steps.1. Choose a Bank That Fits Your Business NeedsAll banks are not created equal. There are a vast number of banks options out there, and you’ll need to do some research to see which account is right for your needs.When choosing a bank for your business, take into consideration the following factors:Existing banking relationship - banking relationship is extremely important when doing business. Using more products and services from the same bank will help to reduce some costs and also allows you to get better rates and easier approvals for lines and credits.Costs - Consider the affordability of the costs you might be charged, such as monthly servicing fees, deposit fees, and ATM fees. If you’re a cash-based business, check for cash deposit fees. If you wire funds frequently, check for free included wires or lower wire fees.Convenience - Make sure the location, as well as the number of ATMs and branches, suits your needs.Support for future needs - If you expect to need more than just bank accounts, make sure your bank offers small business loans, lines of credit, and credit cards; a small business credit card allows you to float business expenses and often offers rewards.We recommend you ask the following questions about your business bank account:What documents are required to open an account?What are the minimum monthly balance requirements?What are the monthly fees, if any?How much is needed for the initial deposit?2. Required Business DocumentationWhen opening a business account, the bank will request certain documents from you.What should I provide to open a bank account for my business?Generally, most banks ask for the following to start a new account:A filed copy of your LLC’s certificate of formation to ensure that your business is legally registered with the state.A copy of your LLC Operating Agreement. This is usually required to ensure that you are authorized to open bank accounts on behalf of the business.Federal tax ID number (EIN).The address where your business office is located. This must be a physical business address in the U.S. and can either be a residential or commercial street address, but cannot be a PO Box. Banks may require you to provide proof of address to ensure that you do occupy or own the space.A mailing address where all your documents, statements, and notices will be sent. This can be any address.A valid ID of the company owners or members.Some of these documents may vary depending on what state you live in (or the state in which you established your business). Federal banking regulations require a real physical address in order to open and maintain a U.S. business bank account. Mailbox addresses and PO Boxes are not allowed. Banks will close or suspend your account if they request for proof of physical address and you are not able to provide a proper physical address.What Documents Are Required For Applying For a Business Bank Account?You’ll need the following items to open your LLC’s business bank account.Articles of Organization - Every bank/credit union will require the state-approved Articles of Organization (also known as “Certificate of Organization” or “Certificate of Formation”) that will typically tell the bank/credit union the LLC's name and address, the nature of the LLC's business, and LLC’s registered agent. The Articles of Organization must be approved by the state before applying for a bank account, as this is the only way the bank/credit union knows the LLC is legally authorized to do business in your state.Employer Identification Number (EIN) - Make sure you’ve received your EIN from the IRS before heading to the bank. You’ll need to show them a copy of your EIN in order to open your account because an LLC is a legal entity subject to federal taxation, all banks and credit unions require an EIN number in order to open an account.Personal Identifications - You’ll need to bring in two forms of identification. Every bank/credit union will require at least one form of government-issued identification such as a driver’s license or passport. Double check with the bank before heading over.Additional Documents That May Be Required For Your Business Bank AccountOperating Agreement - The LLC Operating Agreement outlines ownership, member responsibilities, and operating procedures in an LLC. It also details who will have authority to manage the LLC and open bank accounts.While it is not required to have a written Operating Agreement in all states, it is strongly recommended that you do have one as some banks require this. The agreement will also benefit you if you have multiple members in the LLC, if you have a manager managing your LLC, or if you want to reduce personal liability.Opening a Business Bank Account for Non-US ResidentsNon-US residents can now open an LLC business bank account online with Mercury.It wasn’t until this year that opening a business bank account for your LLC was extremely difficult for non-residents. You had to travel to the state where you formed your LLC and open a bank account in person.To open an account you will need:Documentation - Required documentation will depend on the state where you form your LLC. The most common forms will be any of the following Articles of Organization, Certificate of Organization, Certificate of Formation. You will also need to send a stamped and approved copy of your LLC approval documents.Identification - Mercury will only accept a passport for non-US residents. Additionally, they will ask for your phone number and other personal contact information.Address - You will need to provide Mercury with your LLC’s business address. This can be an office location or the address of your registered agent.Employer Identification Number (EIN) - You will need to show proof of your LLC EIN Number. Mercury will only accept two official letters from the IRS. You can submit an EIN Confirmation Letter (CP575) or EIN Verification Letter (147C).For a list of documents required to open a business bank account you can download it here.OFAC Restricted CountriesBecause of U.S. sanctions, you won’t be able to open a bank account if you reside in some countries. For a list you can check the Sanctions Programs and Country Information issued by the U.S. Department of Treasury.You can see all of Mercury’s fees here: Mercury pricingYou can see frequently asked questions here: Mercury FAQsIf you are a non-US resident/citizen and plan to open your bank account in the U.S. in person, you will need to check with the bank to see if they support international businesses and what types of documents are required to open an account in the U.S. International banks tends to be more friendly to international businesses.3. Open Your Bank Account and Use It!Now that you have selected the right bank and gathered all the required documentation, head to the bank and open up your bank account! This is likely the easiest step. Expect to take about an hour to open the account.Determine whether you will need an ATM card and whether you need checks. Ordering checks may cost you extra unless your bank account offers it as a free benefit. An ATM debit card will be useful if you need to make purchases online and you didn’t separately apply for a business credit card.Finally, make sure to use your bank account for all your business transactions. This helps to keep all your financials in one single place so you can easily file taxes at the end of the year.

Yes, you can form a US single member LLC. You’ll need the below.1. Pick Your US Business AddressUltimate Guide on How to Choose a Business Address | VirtualPostMail BlogIt is necessary for a new startup, but does the type of business address matter? Yes it does. Here’s a comprehensive list of business address options to consider when deciding what kind of business address to choose.https://goremote.virtualpostmail.com/article/ultimate-guide-on-how-to-choose-a-business-address2. Select Your US StateLocation, location, location! You might be thinking, does my state matter? Short answer, yes it does.These states are often hailed as business-friendly bases for registering as LLCs.Delaware - In the state of Delaware LLC formation statutes are very accommodating and progressive with low filing fees. There are no corporate income taxes for foreign LLCs that do not do business in Delaware and there are low franchise taxes. There are no residency mandates for registering your LLC and limited reporting and disclosure requirements. Delaware has a special business court, the Delaware Court of Chancery, with experience handling commercial disputes and interpreting business laws, which is known for its fast and efficient services. Here are 4 steps to form your Delaware LLC.Nevada - This state is a business-friendly location with laws that are favorable to corporate entities and their management. In Nevada, there are no corporate income, personal income, or franchise taxes. Nevada also offers confidentiality to LLC owners permitting them to remain unnamed in public registration filings. For compliance purposes, no operating agreement and no organizational or annual meetings are mandated. Here are 6 steps to form your LLC in Nevada.3. Name Your LLCThe name that you choose must comply with your state’s LLC laws.Search if your LLC name is available in the state that you’re registering it in and that no duplicates or similar names exist. You can search your LLC name or on the individual state’s Secretary of State website.Reserve your business name (optional).Decide if your business name will be trademarked. If you wish to have a trademark, it’s best to come up with a unique and non-descriptive name for your business. The best recommendation is to speak to a Patent and Trademark lawyer.TIP: Choose a unique name that is distinct, easy to remember, easy spelling, and simple-to-pronounce. Select an LLC name that represents your service and distinguishes you against competitors.4. Choose a Registered Agent Service in The State FormedLLC’s must have a registered agent in each state where they are registered to do business. Every state requires an LLC to have a designated registered agent and must provide the agent’s name and address on state documents.What is a Registered Agent? A registered agent is a third party entity or individual that is responsible for the correspondence, processing, and receiving of government notices, lawsuits, subpoenas, and other official documents on behalf of the LLC. They help with keeping backup copies of legal documents, signing articles to be filed, staying up-to-update on compliances with State requirements.Requirements vary slightly in each state, but generally registered agents must:Have a physical office in the state where your business is registered.Be available at the physical street address during normal business hours to receive legal documents.Why Do I Need a Registered Agent? A designated registered agent is required for any corporation, LLC, or Limited Partnership to accept government official documents on their behalf. The state in which your business is registered will need to know there is a point of contact for your business at all times.Some states allow you to designate yourself as the registered agent for your company. This is a cost-effective way for a startup. However, note that your name and contact information will become public information posted on the website for everyone to see.If you want to keep your personal information private, we recommend using a third party commercial registered agent service. Besides providing a degree of privacy, commercial registered agents also offer the following benefits:Flexibility - You would not have to make yourself available during all business hours to received official documents.Peace of Mind - They will help you stay on top of legislative changes, report due dates, and disparate laws of different states.5. File Articles of OrganizationTo create an LLC, many states only require the Articles of Organization to be filed with the Secretary of State. Processing time ranges from days to weeks with expedited options available.Completing the form itself is fairly simple. You can either hire a lawyer, an online legal filing service like LegalZoom, or do it yourself by downloading the appropriate form from the Secretary of State website. Filing fees will apply.After your LLC documents are filed and approved, the state will issue a formal certificate that confirms your LLC is registered and formed. Once you receive your business certificate, you can then obtain a tax ID number, apply for any required business licenses, and open a business bank account.6. Prepare an Operating AgreementAn operating agreement outlines ownership, member responsibilities, and operating procedures in an LLC. While it is not required in all States, it is still strongly recommended as it provides a number of safeguards and adds more protective measures in case of disputes or lawsuits. Read more about why an operating agreement is important.An operating agreement should at least have the following sections:Organization - Covers the structure of ownership, members, and the creation of the company.Management and Voting - Addresses how the company is managed and how members will vote.Capital Contributions - Outlines how additional money will be raised by members.Distributions - Breaks down how profits and losses will be shared among members such as money or physical property.Membership Changes - Describes the process for adding or removing members as well as the transfer of ownership.Dissolution - Explains the circumstances under which the company must be dissolved.7. Apply for a Federal Tax ID (FEIN)Every business is required to file and obtain a Federal Tax ID to use for filing taxes, opening bank accounts, or hiring employees. A Federal Tax Identification Number (also known as a 95 Number, EIN Number, or Tax ID Number) is a nine-digit number issued by the IRS. You can apply for the SS-4 online and obtain an EIN number immediately. You can also follow our guide on the 4 steps to apply for an EIN.In order to apply for the EIN online, the business must be based in the United States or U.S. Territories and the person applying must have a Taxpayer Identification Number (TIN) or social security number. If you don't have one, then you would need to file by mail.How to Open a Business Bank Account for Non-US ResidentsNon-US residents can now open an LLC business bank account online with Mercury.It wasn’t until this year that opening a business bank account for your LLC was extremely difficult for non-residents. You had to travel to the state where you formed your LLC and open a bank account in person.To open an account you will need:Documentation - Required documentation will depend on the state where you form your LLC. The most common forms will be any of the following Articles of Organization, Certificate of Organization, Certificate of Formation. You will also need to send a stamped and approved copy of your LLC approval documents.Identification - Mercury will only accept a passport for non-US residents. Additionally, they will ask for your phone number and other personal contact information.US Business Address - You will need to provide Mercury with your LLC’s business address. This can be an office location. However, not having a permanent US address is the biggest problem you’ll face when setting up a business bank account in the US. Your proof of address cannot be a PO Box. Banks will ask for your proof of address or proof of residency.Employer Identification Number (EIN) - You will need to show proof of your LLC EIN Number. Mercury will only accept two official letters from the IRS. You can submit an EIN Confirmation Letter (CP575) or EIN Verification Letter (147C).OFAC Restricted CountriesBecause of U.S. sanctions, you won’t be able to open a bank account if you reside in some countries. For a list you can check the Sanctions Programs and Country Information issued by the U.S. Department of Treasury.You can see all of Mercury’s fees here: Mercury pricingYou can see frequently asked questions here: Mercury FAQsIf you are a non-US resident/citizen and plan to open your bank account in the U.S. in person, you will need to check with the bank to see if they support international businesses and what types of documents are required to open an account in the U.S. International banks tends to be more friendly to international businesses.