8 Nov 2020

How To Form a Company In The US Online As a Foreigner Outside US

 


Many non-US based entrepreneurs from around the world encounter a lot of limitations when trying to expand or grow their businesses online and offline just because they do not have a registered company in the US to enable them open a US based bank account which makes their global transaction easier.

 

In this short but detailed article, I am going to share with you, vital information on how you can register or incorporate a limited liability company also known as LLC in the United States even as a foreigner who live outside the United States.

One great thing about the United States is, it operates an open market economy unlike most other countries, especially China whose government control every aspect of their economy, especially anything that has to do with banking and moving money from China. This also pose a lot of challenge to global entrepreneurs, especially those in the e-commerce sector, and I will be discussing how to move money in and outside China conveniently without stress as a global entrepreneur in my next post, so do well and follow this blog in order not to miss that wonderful edition.

 

Okay let’s go back to how to incorporate an LLC in the US as a foreigner. Having a fully and legally registered company in the US will make your life and business easier than you ever imagined. It gives you access to the world’s number one economy and its amazing business tools like a bank account acceptable by all businesses in the world, and so much more.

 

Without wasting much of your times, let’s go straight to the topic of today – how to form a US-based LLC online as a foreigner?

 

Stripe Atlas

In April 2018, Stripe Atlas announced this wonderful service to their global audience; support for creating a limited liability company (LLC) with Stripe Atlas. It’s been one of the most requested features from our users, and we’re excited to make it possible.

 

How much does it cost to register an LLC in the US through Stripe Atlas? Just $500!

What do you get from using Stripe Atlas to register an LLC in the US?


The Stripe Atlas LLC

Founders can now use Stripe Atlas to form an LLC in days. The Stripe Atlas LLC has the features common to LLCs: limited liability for founders and the flexibility to be taxed as an individual. But LLCs are used for everything from holding companies to restaurants, and we wanted the Stripe Atlas LLC templates to help meet the needs of technology startups. Orrick designed the Stripe Atlas legal documents to match the ways founders tell us they want to work. For example, the Stripe Atlas LLC:


Enables founders to assign relevant IP to the company at formation, formalizing ownership of key technology.

 

  • Is designed to make conversion to a C Corporation as simple as possible. (We can connect Stripe Atlas users to a lawyer to manage the conversion process with discounted, flat-rate packages).
  • Provides a simplified process for adding members after formation.
  • Is organized in Delaware, the jurisdiction of choice for many new LLCs.
  • You can read more about the Stripe Atlas LLC—and tradeoffs between an LLC and C Corporation—in this guide.

Forming an LLC through Stripe Atlas will cost the same as a C Corporation: $500 gets you a new entity, tax ID, U.S. business bank account, Stripe account, access to expert tax and legal advice from our partners, tools for handling taxes, and credits with a number of services. You’ll also join the Stripe Atlas Community, where you can connect with other founders, learn from experts, and get practical advice. We’re starting in beta, and folks who request an invite will hear back within a couple weeks.


Over the last two years, thousands of founders from over 130 countries—ranging from side projects to startups funded by Y Combinator—have used Stripe Atlas. We’ve been delighted by their progress, and can’t wait to see what you build.

 

Blook!

After Stripe Atlas comes blook on our list. One advantage of using blook services to form a US-Based LLC online as a foreigner is the fact that blook comes at a far more cheaper rate than Stripe Atlas, but then, it doesn’t come with plenty enough perks like that of Stripe Atlas.

 

So it all depends on the reason you want to register a company in the US as a foreigner. For more details about incorporating an LLC in the US online using blook services, please check them out here.

 

Firstbase

Firstbase is another great service for registering a company in the US from anywhere in the world through the internet.  Incorporating a US-based LLC through firstbase cost $399 to get set up and it includes state filing fees and the first year for your registered agent. It’ll also help you get set up with Mercury for an online bank account.

 


Harvard Business Services

This comes last on our list even though it’s the cheapest. Though it doesn’t come with extra perks that comes with registering a US-based LLC  through Stripe Atlas service, but is faster and cheaper to use this method.

 

Now what are you waiting for? You don’t have any reason not to expand your business beyond your national boundaries. Remember, our mission at Frankwealth is to help people discover ways to create wealth from scratch.


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