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I'm planning to do the following:
- Is it possible to open a business and a bank account to the US remotely?
Details: - I'm European - Co-founders (2) are foreigners as well
After reading, I know I can easily set up a company using services such as BizFilings.
However getting the EIN for the bank account and finally opening one, is still a mystery for me.
Please help!!
Especially if you plan on incorporating in US, I would not try to do it without consulting an attorney. There are differences in which state you start the business and these things matter.
I am Canadian, so no first hand experience in the US, but consulting a lawyer is probably the best bet. On all accounts.
Good luck.
I was hoping someone from US might help, but I'll bite. I think that your best bet is to hire a lawyer and give them power of attorney to do it for you. Especially if you plan on incorporating in US, I would not try to do it without consulting an attorney. There are differences in which state you start the business and these things matter. I am Canadian, so no first hand experience in the US, but consulting a lawyer…
The problem seems to be the EIN code.
According to this Law Office Samuel Anders one option (and apparently in my case the only one if I want to do this remotely) is to buy an existing company that already has an EIN number set.
I now contacted Mr. Anders, and principally asked about the costs.
I'll continue asking from other places too. Will be posting here the answers I get in case there are others in a similar situation.
They charge $2,500 dollars to:
- Delaware Corp. - 1 yr. registered agent - 1 yr. virtual office - EIN for company - all paperwork - checking account with Visa card
Ok, $2,500.00... not sure if this is a reasonable price ticket.
I now found out that I do can get an "International EIN" through services such as Incorporate / Bizfilings along with the business formation process.
After all legal paperwork the costs are at least $1,000.00 less than the first proposal of the lawyer.
But without the business bank account up and running.
So the question remains but with more hope in the air:
With an appropriate business and (International) EIN code, can I open a business bank account online to any bank?
I already contacted a few banks but haven't heard back yet...