Alternatives to Mercury for Non-Resident LLC?

[Alexmorgan]

Is there any solution with Mercury W-9 request while im not american?

 

[Alexmorgan]

Because with W-9 will you will be eleced to be treated as US person in tax matter

 

[Hyo]

They shut down US accounts

Well, i guess it all depends on your industry and other factors. They are still my first option.
Good luck.

 

[catslover]

Here has some CPA made a video about it, he claims they even don't let you log in your account until you solve the problem. Wonder if this is true?

Mate, I know how to sell good things to people, but all this bureaucracy is simply beyond me.

I also have to solve the bank issue soon, I guess Mercury is no longer an option...

 

[koohl]

Depends on what your requirements are and what it is you need.

https://www.offshorecorptalk.com/resources/categories/usa-emi.32/
at the above links there are 5 alternatives at least in the USA and looking further in the resource database of mentor group gold I found tons of good alternatives.

 

[Alexmorgan]

Mate, I know how to sell good things to people, but all this bureaucracy is simply beyond me.

I also have to solve the bank issue soon, I guess Mercury is no longer an option...

Suddenly Mercury losing all these influencers who are trusted in the media
Im getting into a huge project and im depending on mercury as its what real banks should be

I Dont like those big banks like BOA and Chase who dont have a good UI that allows you to control financials easily but seems i will be foreced to go to them

 

[ivan1911]

Is this problem affecting people who don’t have American customers or everyone ?

Thank you

 

[Alexmorgan]

Is this problem affecting people who don’t have American customers or everyone ?

Thank you

Everyone

Doing W-9 form is a problem for non US residents and not having citizenship of US

 

[ivan1911]

So far I just had to confirm my address by sending Id card and they asked 2 invoices . No w9 so far… perhaps down the line

 

[xnpu]

Everyone

Doing W-9 form is a problem for non US residents and not having citizenship of US

Although I did not get the W9 request (yet), I did end up doing what that YouTube CPA recommended: add another member (for 1%) to my LLC so I can legally use the W9. I have a feeling that Mercury won't be the last with this issue.

 

[Alexmorgan]

Although I did not get the W9 request (yet), I did end up doing what that YouTube CPA recommended: add another member (for 1%) to my LLC so I can legally use the W9. I have a feeling that Mercury won't be the last with this issue.

Its not only Mercury its the direction with the US gov now

 

[jafo]

Its not only Mercury its the direction with the US gov now

Do you happen to know why?

 

[Alexmorgan]

Do you happen to know why?

I guess its related to tax issues

 

[mad1max]

Although I did not get the W9 request (yet), I did end up doing what that YouTube CPA recommended: add another member (for 1%) to my LLC so I can legally use the W9. I have a feeling that Mercury won't be the last with this issue.

But than you might have to pay taxes if you have US clients.

 

[JohnTIAN]

eastwest bank

 

[xnpu]

But than you might have to pay taxes if you have US clients.

Could you elaborate on this? I could not find anything that suggests this is the case.

 

[mad1max]

Could you elaborate on this? I could not find anything that suggests this is the case.

Single-member LLCs are considered a disregarded entity and automatically taxed like sole proprietorships unless they request otherwise. Multi-member LLCs are automatically taxed like general partnerships unless they change their tax treatment.

Looks like it can be changed.

 

[montterio]

you can try bancoli ... never try though .. still checking them out

 

[ilke]

you can try bancoli ... never try though .. still checking them out

Bancoli is a decent solution for US companies, and it does work with foreigners. It's owned by Romeo Juhasz, also owns Relabe (payment processing for ad networks) and Sulvo (Google partner for advertising). They have insurance backed by the US fund instead of FDIC so the limits are higher. I've seen some companies pretty well served with them, but it's still a pretty new company so I don't have much hands on experience and don't want this to serve as any promotion

 

[Alexmorgan]

eastwest bank

Do they open remotely?