Frequently Asked Questions
Do I need a social security number to open a business bank account?
No, you do not need a Social Security number or be a resident of the United States to open a business bank account. You will need to have a company registered in the US to open your business bank account.
Can I open my bank account remotely?
Yes, we offer a service that allows you to open a bank account without requiring being in the United States.
There may be restrictions from banks in specific cases when opening new commercial accounts.
Ask about our manager service to facilitate the opening of the bank account.
What documents do I need to open a business bank account in the USA?
You must be a member of an LLC or Corporation established in the USA. The company must be Active.
Additionally, the bank will require your state registration number, your EIN letter, a physical address in the USA, and a valid passport of all members who control the company.
What advantages do I get by registering my company in the USA?
You will gain access to the growing North American market, access to new development opportunities, expand your business network, and obtain the prestige and good reputation of having a company in the USA in front of your clients.
Are there annual maintenance costs of the company?
Yes, all registered companies must submit their annual report within the stipulated deadlines from each state to avoid fines, and ensure that they remain operational in the state where they were registered. Ask about our service Annual Renewal to stay compliant with state regulations.
Do I need a physical address to open the bank account?
Yes, in order to open a bank account or to obtain an Employer Identification Number (EIN), you will need an address in the USA. if you don't have one, don't worry we provide you with a solution.
What is a Registered Agent?
The Registered Agent can be an individual or company that is available during business hours to receive correspondence or legal notices from the Secretary of State your company is registered in, on behalf of the company.
It is responsible for receiving Service of Process notifications in case your company has a legal claim against it, and official correspondence from the State.
The Registered Agent must be appointed and registered at the same time that your company is being formed. LINED BUSINESS SOLUTIONS offers this service FREE for the first year. Ask about our Registered Agent service.
What is the EIN - Employee Identification Number?
The Employer Identification Number (or Federal Employee Identification Number, FEIN) is a nine-digit tax identification number issued by the Internal Revenue Service (IRS).
This number identifies a company that operates in the USA. In summary, the EIN is similar to a social security number for a company, it identifies the company before the IRS.
It is necessary to have an EIN to pay taxes, open your business bank account, and hire employees. Contact us to learn more about our EIN services.