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Global Business Growth Club

Public • 1.5k • Free

6 contributions to Global Business Growth Club
Dedicated personal bank account for single member LLC?
Hello, is using a personal bank account for needs of a foreign owned single member LLC problematic even if the account is dedicated solely to the LLC financial transactions? What problems can it cause? Best
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New comment 6d ago
filing BOI with dissolved LLC?
Is necessary to file the BOI report even if the LLC is dissolved?
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New comment Jul 26
BOI Report as non-resident foreigner LLC owner
Hi, this is my first time on this platform and I would like to share my greetings with everyone. I’ve recently started my company as a Single member LLC in Florida using a 3rd party registered agent. I’ve obtained my EIN , formation letter. Opened a bank account with Mercury using my registered agent address. I’m stuck with the BOI report filing as my registered agent mentioned that it’s not possible to file the BOI unless I have a physical address in the US. “ PO Box , Virtual Office not accepted “ As I don’t live in the US I have no idea how to overcome this issue while I’m running out of time. I have already purchased the BOI filing with my agent but they can’t proceed because I didn’t provide an address. In this situation what are my options ? P.S: I have no one in the US to use their address , I know literally no one. but I do have a virtual mailing office also using a 3rd party agency. I’d appreciate any help I’m booked with James for a call on 29th Feb. But if I get my answer I would cancel it to give a chance for other people to talk early.
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New comment Jun 10
0 likes • Mar 10
@Michał Jóźwiak Northwest offers they will report it for 9USD: https://www.northwestregisteredagent.com/boi-reporting/beneficial-ownership-report-service
0 likes • Jun 10
@Kareem Nagy I love you bro! God Bless!
Dissolving Wyoming LLC
Hello, how to correctly dissolve Wyoming LLC? In the start of the year I should close the LLC with the state and file a Final tax return + FBAR until April 15? In the Final tax return should be all transaction even if they happened in January 2025? Is possible to dissolve a LLC in any part of the year, or only until April 15? Thanks
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New comment May 24
0 likes • May 11
Is possible just to close EIN with IRS (final tax return), or I need to close the LLC with the state before?
bank accounts on FBAR, FATCA/CRS
Hello, I, non-US citizen/non-resident stupidly wrote my (non-US) bank into KYC form that I have a single member foreign-owned LLC in US (disregarded entity). So I don't know if my personal bank account will get reported to IRS. MY LLC have its own, different non-US bank account - its a personal account on my name in different bank. Should I report on FBAR both accounts - LLC account and the personal one too? Or if problems appear - how to prove to IRS that my LLC uses only one account which only should be subject to FBAR? Thanks and Best Regards
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New comment Mar 30
0 likes • Mar 10
@Paola Moreno How is possible to "show distinct use of each account" on FBAR? Thanks
0 likes • Mar 25
@James Baker When account is reported in FBAR and bank does not report the account, will FinCen/IRS contact the bank with request of information on my accounts?
1-6 of 6
Martin Straka
2
15points to level up
@martin-straka-5553
just an IT guy

Active 4d ago
Joined Mar 7, 2024
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