How Can I Register Delaware LLC?

Discussion in 'Business & Tax Advice' started by GrumpyBoy, Sep 14, 2018.

  1. GrumpyBoy

    GrumpyBoy Regular Member

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    so, i only pay income tax in india & just annual franchise tax in delaware annually? I will just receive payments from maxbounty which is canadian company to US business checking account of LLC.
     
  2. GrumpyBoy

    GrumpyBoy Regular Member

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    Stripe atlas uses SVB for only C-Corps, for LLCs you get an azlo account which is a digital bank. Only problem is they can't send money outside US, so to move money to your country, you have to use third party service like paypal.

    Also, if you are dropshipping then stripe atlas may not be the best option.
     
  3. Sephrata

    Sephrata Jr. VIP Jr. VIP

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    It depends on how the Indian tax authorities view a US LLC and whether it's opaque or transparent as a tax vehicle.

    You could also set up a single member partnership in Canada as I've heard the banking is easier and the taxation is also more straightforward.
     
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  4. BakaUsagi

    BakaUsagi Registered Member Premium Member

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    Well for moving money to my country I'll use either Xoom or transferwise. And I wasn't really planning on using stripe Atlas initially did to the price point
     
  5. vinku

    vinku Jr. VIP Jr. VIP

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    I have transferwise borderless account with mastercard, amazing stuff :)
     
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  6. BakaUsagi

    BakaUsagi Registered Member Premium Member

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    Transferwise's service is really good. But for my work I'd need a Us bank account for the payment processor to receive payments
     
  7. vinku

    vinku Jr. VIP Jr. VIP

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    But I have US account...from Transferwise :D
    I don't know if it's possible in India becuse no rupees supported.
     
  8. BakaUsagi

    BakaUsagi Registered Member Premium Member

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    Dang, I think when I registered they provided me with the UK and euro ones. And said that they don't provide the us ones for those from Bangladesh
     
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  9. b1step-ahead

    b1step-ahead Supreme Member

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  10. BakaUsagi

    BakaUsagi Registered Member Premium Member

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    @Sephrata I assume you know a fair bit about the UK's company incorporation and stuff, so I was wondering after @vinku mentioned about the transferwise borderless account I jumped onto Shopify to checkout what they ask for and it says on there that both companies house registration number (crn) & VAT numbers are optional. So that got me thinking, if I use transferwise's borderless UK account to take payments for now, will they eventually ask me for those information?
     
  11. Sephrata

    Sephrata Jr. VIP Jr. VIP

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    Transferwise will not work with Stripe I believe, they specifically mention this on the Borderless account terms of usage. It's something to do with the difference in the names.

    I assume Shopify (or Stripe) will want to check your Companies House registration to make sure you are who you claim. There is also a complicated aspect regarding VAT if you set up a Ltd company, run it from India but sell goods to UK consumers.
     
  12. vinku

    vinku Jr. VIP Jr. VIP

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    You have another, cheaper solution. Just resign and do what are you doing now. Just hire some assistent to walk to tax office. For sure, you can find cheap people in India.
    Yes, I understand everything but maybe, we should just respect our own countries and laws?


    Will work if you have business borderless account, I am using it with skrill without problem:

    "
    When sending money to TransferWise, there are unfortunately a few types of bank accounts that we cannot receive from, as they do not include your name as the sender. These include, but are not limited to:

    • Brokerage accounts*
    • Estate accounts
    • Stripe Accounts**
    • PayPal Accounts
    • Skrill Accounts
    • Contis Group Accounts
    • Card One Banking"


      These rules are applicable for normal transfers, not borderless account when you get USA, Australia, Germany, UK - NORMAL accounts with IBANs or ACH for USA.
     
  13. Sephrata

    Sephrata Jr. VIP Jr. VIP

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    Are you sure Stripe works with Transferwise Borderless?

    It states on the site:

    **Stripe also needs the recipient account to be debitable (which our accounts don't support yet). So, Stripe payments in USD or EUR sent to us sometimes fail, and GBP payments never make it at all.
     
  14. vinku

    vinku Jr. VIP Jr. VIP

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    Stripe needs to be tested but US PayPal, Skrill and all brokers from USA works.
     
  15. BakaUsagi

    BakaUsagi Registered Member Premium Member

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    It's not that I'm trying to avoid taxes here in my country. In Bangladesh there is no taxes for online businesses, the only available payment processor to me is 2checkout and after reading their horrible reviews I just moved away from them
     
  16. vinku

    vinku Jr. VIP Jr. VIP

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    No, your solution is just to resign from shopify and host store yourself, for example woocommerce.
    See? With own hosting you have many, many operators, even in Bangladesh like:
    https://www.portwallet.com/en_US/index.html
    and you can easily take payments from whole world.

    Your problem is not country but popular USA services like shopify or stripe, who are ignoring most countries. Thx, we have local operators and thx to Visa/Mastercard, can accept cards globaly. Justt look for operators in Bangladesh
    Stripe map is just insult

    Seems, according to Stripe, the Iron Curtain still exist, no matter that half of not included Europe is in EU and EEA.
    This is illegal because if you want to operate in European Union, you have to serve your services for all union countries.
    I think Stripe can have serious legal problems if someone get interested to this.
    [​IMG]
     
  17. BakaUsagi

    BakaUsagi Registered Member Premium Member

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    I would've loved to use woocommerce but the lack of a single plugin made me move to Shopify, without that plugin it'd add I don't even know how many more hours of work
     
  18. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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    I have a handful of 2CO accounts with no issues; conduct legit business and you'll have no issues either.
     
  19. amzzoo

    amzzoo Regular Member

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    have you got atlas us company? is that good?
     
  20. johnjames12

    johnjames12 Newbie

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    Hi

    sorry for crashing your thread but i searched for contis group and this is the only result i got.

    I was wondering if you know what sort of account it is that contis offers that allows for anonymous transfer to other uk accounts?

    I have seen my competitor transfer to customers and for every transfer he sends it just reads contis card solutions.

    Greatly appreciate it if you can let me know how this works and if its even legal?