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?
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
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.
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 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.
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.