Company Formation as a Non-US Resident
Hi everyone,
I have a question about the process after forming a Wyoming LLC as a non-US resident.
I've decided to move forward with an attorney instead of using a formation company (clemta). My attorney will be forming the Wyoming LLC, preparing the Operating Agreement, filing the formation documents, and assisting me with obtaining the EIN. After that, I'll be managing the company myself.
I have a few questions for those who have gone through this process:
- Once I receive my LLC documents and EIN, what is the step-by-step process from there?
- Which U.S. business bank/fintech has been the easiest for non-US founders (Mercury, Wise, Relay, Airwallex, etc.)?
- Which payment processors do you recommend (Stripe, PayPal, etc.)?
- I plan to do my own simple bookkeeping. What records should I keep from day one, and what software or spreadsheets do you recommend?
- What IRS filings will I be responsible for each year as a foreign-owned single-member Wyoming LLC? What documents or information do I need to keep throughout the year to make those filings easier?
- Is it realistic to prepare and file the required IRS forms myself, or do most people eventually hire a CPA?
- For the registered agent, where do you recommend getting one? Are there providers you've had good experiences with, and is it easy to switch if needed?
- Besides the Wyoming annual report and registered agent renewal, are there any other recurring compliance tasks that first-time founders often overlook?
- Looking back, is there anything you wish you had done differently during your first year?
I would really appreciate hearing from people who have gone through the process themselves. Thanks!
u/SuccessOwn7199 — 9 days ago