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Global Business Growth Club

Public • 1.5k • Free

22 contributions to Global Business Growth Club
Open your US bank account here
If you have your LLC you now need to open bank accounts (the first two are free so open both!). I'm going to share some links below to what I think are the best options. They are my affiliate links and I'll address them separately so you can understand the benefits. When applying, be honest but always emphasize more on how you will help your US clients. Relay financial - I have a great relationship with relayfi and they have told me that applicants that use this link have a greater likelihood of being approved. I use relay for my business and it has been great.the account is free to open. https://app.relayfi.com/register?referralcode=jimbaker Mercury bank - this is another great option. Again focus on how you are serving clients in the US. This link should give you bonuses once you are approved. The account is free to open. https://mercury.com/partner/jamesbakercpa Wise - this is not a bank but is a useful way to get paid and pay other people sign up with my link to get free transfers up to $500.. the account is free to open but there are small fees to open different currency accounts https://wise.com/invite/ahpc/jamesb2812 Stripe - if you are selling anything I would first try stripe.com for payment processing. I don't have a special link for them. Let me know if there are other accounts you may be interested in, how this goes for you and which you prefer!
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New comment 17d ago
2 likes • Jun 24
@Lucas Oliveira Hi Lucas. I did not have to create anything - just submit the 147c form for the EIN - NOT proof of address. For proof of address - I presented my Utility bill in The Bahamas to show that I am a foreign owner and reside OUTSIDE of the USA. I submitted my Articles of Organization to prove business address INSIDE of the USA.
1 like • Aug 13
@Philip Lu Hi There, Yes, You can use your virtual address (this will not be a problem with Mercury) BUT you must be able to receive hard copy mail at the virtual address as the IRS will send your EIN (147c) letter to you at the address you put on your form. Additionally, You will need this letter (EIN/147c letter) to open your Mercury bank account (they will ask you to upload it during your application session). I hope you find this information useful and let me know if you have any other questions or needed further clarification. Good Luck!
H4 Visa Holder and Taxes
Hi Everyone, I’m taking a chance with this question but here goes: As a H4 visa holder (foreign spouse of a H1 visa holder) I’m not allowed to work in the US so: 1. Do I file taxes with my spouse as a dependent? Or by myself? 2. Do I get and use an ITIN for this purpose? 3. Am I taxed in my spending or my spouse’s income? Thanks in advance for any and all replies.
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New comment Mar 29
1 like • Mar 19
@James Baker Thank you got the reply.
0 likes • Mar 29
@James Baker My spouse is filing taxes as a married man (indicated on his W2). I am now being asked to provide SSN (no options on the form to indicate that I have none because I hold a H4 visa). What should I do as I have no SSN?
BOI for LLC in 2024 but without EIN
Hi @James Baker , I saw your video about BOI. I created an LLC end of January but I am still waiting for the EIN since then. How can I fill the EIN? Or I hace to still wait until IRS sends it to me? Even if the dateline is over.
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New comment Mar 28
3 likes • Mar 24
Hello @Carlos G Use this helpful link to get your EIN number early- https://www.skool.com/global-business-growth-club-7119/how-to-get-you-ein-147c-letter-quickly-not-in-3-months?p=3b543e46 I hope you find it helpful!
2 likes • Mar 27
@Carlos G You're Welcome!
Etsy and Shopify with an ITIN?
Good Evening Everyone, Does anyone know if I am able to open an Etsy and Shopify store with an EIN or ITIN? Or do I need SSN? Thanks in advance for all replies.
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New comment Mar 25
1 like • Mar 24
@Atul P Thank you for the reply. So how will I be able to accept payments once I open the stores? Stripe, PayPal?
1 like • Mar 25
@Hh Ll Thank you. What is a low risk passport and how do I know if I have one? (I’m from The Bahamas).
How to get you EIN 147c Letter Quickly (not in 3 months)
For Everyone's knowledge - I phoned the IRS and requested a faxed copy of the 147c letter and it was sent to me in 5 mins. Requirements and steps: 1. Have a copy of your EIN application (you will be asked questions about it) 2. Have a secure fax number (virtual or physical). Mine is virtual @fax.plus 3. Ensure the operator that YOU are the only person with access to the fax and that you are ready to receive the letter 4. Confirm receipt to the operator once the letter is sent (you will be put on hold while the fax is being sent)
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New comment Mar 25
2 likes • Mar 25
@Hh Ll The 147c letter is the official letter from the IRS approving your EIN.
1 like • Mar 25
@Hh Ll You’re welcome.
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Marcia Smith
4
90points to level up
@marcia-smith-2306
There is no Plan B - I am the BACK UP!!!

Active 27d ago
Joined Jan 15, 2024
The Bahamas
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