So many business privileges are not available to people in certain locations of the world, especially Africans. Many people are looking for How To Start an LLC in the US? or even Incorporate a Company in the USA, then you are in the right place.
In this IncAuthority review, you’ll learn how to open or register a USA company easily using the IncAuthority platform from any country you are in/from ( How To Start An LLC ); and how to use the documents to create a stripe and PayPal account.
You can then integrate it into your e-commerce store/business website and start accepting payments in different manners. If you need a verified PayPal and stripe account to accept payments online, maybe on your Shopify store or anywhere, read along.
As for Africans, I keep getting the question like:
- Can I use stripe in My Country?
- How do I create a PayPal account that can send and receive money?
- How to set up a verified stripe account in Nigeria?
- How to use stripe in Nigeria.
- … and lot’s more.
No matter your country location, India, Nigeria, Pakistan, and non-us citizens, Detailed Guide is a top-notch blog that will show you how things are done on the internet without stressing yourself.
What is a Limited Liability Company?
Definition: It is a form of business organization with the liability-shield advantages of a corporation and also, the flexibility and tax pass-through advantages of a partnership business type.
You are about to learn how to form an LLC for free using the cheapest method ever found on the internet. Yes! You will be able to form an LLC for FREE, literarily.
Form an LLC in the USA
Are you looking for How To Start an LLC in the US? or even Incorporate a Company in the USA, then you are in the right place.
We are going to form an LLC right now in the USA. Just follow my step-by-step guide as we form an LLC using Inc Authority from any country you are in/from ( How To Start An LLC ), and I will show you how to use the LLC documents to create a stripe and PayPal account; or any account that requires your business info.
You can then integrate it into your e-commerce store/business website and start accepting payments in different manners. Whether you need an LLC to set up your Stripe account, show proof you have a business in the US, or for other things, you’re at the right place.
We will also discuss the Inc Authority features and pricing so you can make your choice and be proud of it. They waive their service charges, labor costs, and overhead. What this means is that You are registering an LLC for Free! Super cool right? So, you are literally able to form an LLC online for free. You only pay the mandatory secretary of state fees, which you’ll need to pay regardless of who forms your LLC for you.
The state fees differ considering the state you’re forming your LLC in and you should be careful where the state you form your LLC, or you may end up paying ridiculous annual filing fees. But not to worry, I will show you what to do.
What is Annual Filing Fee?
We have figured out that some people may not be updated as regards United States Laws when it comes to forming a company and some certain law words you should know. The filing fee is a fee charged by the government organization to accept a document for processing, and this is paid yearly. This fee keeps your company going whether you made sales or not.
The moment you stop or don’t pay them, there will be numerous reminders, they may decide to add an additional late fee to the initial filing fee price, but when it shows you how no interest in paying, your company will be taken back and it will cease to exist.
California charges an $800 annual filing fee, and super high State fees and Delaware charges a $500 annual filing fee, and high State fees. Just to mention a few.
You pay these annual fees yearly and by the time you stop paying them, your LLC will cease to exist. However, we will be recommending a State you’ll form your LLC with a $15 annual filing fee and minimum state fees.
In the end, you’ll only be spending $178 to form your LLC including getting an Employer Identification Number (EIN).
Meanwhile, other LLC formation companies charge various service fees and other extra fees to form your LLC, that’s why you may end up paying over $700+ to form an LLC.
You may be wondering why Inc Authority offers this service 100% free, well it’s because they want to gain your trust and to help those with little budget to form their LLC.
While using Inc Authority LLC, the fees are super cheap, you only get to pay for State fees, Operating agreement, and EIN. You can pay for other ad-dons if you actually need them.
The Employer Identification Number (EIN) or Federal Tax Identification Number, is used to identify a business entity. It’s also a Social Security Number (SSN) for the company.
Always form your LLC in a state called Kentucky or any other state that has cheap formation prices and affordable filing fees.
You can always form your LLC in any state, considering you’re ready to pay whatever comes your way.
IncAuthority is a Legal Service Company that assists people like you and me to build business entities using their robust technology. Keep reading to learn more about all the features of Inc Authority and how to use their services for your business benefits.
Steps and Requirements to Form an LLC in the USA
1. Select a State: Before you even think of registering your business in the United States or anywhere else, the first thing you must decide on is the location of your business. Where will your office or main branch be based?
2. Name Your LLC: What will your business be called? You need to decide on the best name to call your business because that is what people will know it for when it is registered and you must make sure that no other person is using that same name.
3. Registered Agent Services: Every business needs a registered agent who resides in the state where your business is registered or formed in.
4. EIN (Employer Identification Number): If you are not a citizen of the United States, the EIN of your business can be considered an SSN for you and your business. You can also use it as a Tax ID for your business and Inc Authority will help you get that easily.
5. Operating Agreement: This document is what officially proves that you are the owner of the LLC that was just created.
One interesting thing about this whole process of forming an LLC with IncAuthority is the fact that the process is super easy and flexible. All you need to do is answer a few questions and the system will prepare your documents in a professional manner and start your business registration.
As I previously said, IncAuthority is one of the cheapest places to form a legal LLC for your new company. The service is completely 100% free and you only pay necessary state fees depending on the state you choose. There are also add-ons you will meet while forming your LLC, and you can decide to add them or skip them.
The most important ones are:
- Choose Kentucky as State (for affordable state fees)
- EIN
- Operating Agreement
You’ll only be spending only $178 if you selected the most important things such as State (Kentucky), EIN, Operating Agreement, etc, you will only be spending less than $200 to start your LLC.
And that’s really amazing knowing the fact, that you’ll have to spend up to $500 to set up an LLC on other sites. You’re lucky!
They do have a lot of packages and features that will be definitely beneficial to your business and I’ve listed a few of them below:
1. Free Business Name Search
IncAuthority will help you check if the business name you want to register is available for use, and they will do this for you for free.
2. Document Preparation & Filing
Inc Authority will help you to prepare all your entity formation documents and also submit them to the state for registration and filing.
3. Registered Business Agent
A registered business agent is so important because they will make sure that you never miss a legal notice. Inc Authority provides you with this service for free in the first year of your business while others will charge you for it.
4. Digital Storage & Delivery Service
After you have registered your business, a digital copy of your business documents will be delivered to you, and they will that all of your essential start-up documents are properly stored.
5. Business Checking Account
Do you need a United States Business Account? if your answer is Yes, then Inc Authority can help you get that done with ease and also with exclusive incentives.
6. S-Corp Election Form
Inc Authority will help you to prepare and file an S-Corp document and Form 2553 with the IRS.
7. Tax Planning Consultation
With the help of IncAuthority, your business will be 100% tax compliant because of the free Tax Planning Consultations they provide you with.
8. Business Funding Analysis
An Expert in the field will review your business financing needs and help you with available options for your startup.
To Form an LLC in the US is very easy with IncAuthority. To form your LLC and get your EIN/TAX ID; Just Follow the simple guidelines below to complete the signup. It’s easy and takes just a few minutes. All you have to do is choose your state, enter your business name and form your LLC!
When you arrive at IncAuthority.com, click on the start now for free tab.
Step 2: Select Entity Type and Filling State.
In your entity type, select Limited Liability Company (LLC), and in the Formation State, select the state you want to use, for the sake of this tutorial, I will select Kentucky.
Click on Save & Continue.
Step 3: Enter Your Personal Details
In this step, make sure to enter your correct details here. Input your First and last name, email, and contact phone number.
You’ll need a US Phone number, To get a US phone number, all you need to do is to download the DingTone app on your phone from the play store and buy a US phone number. It should be around $4.99.
Click on save and continue.
Step 4: Enter Your Business Details
Enter the name you want to use for your business and give a brief description of the business.
Select all the benefits that apply to your business and click save & continue.
Step 5: Business Address
You will need a Verified US Address here to continue in this step. Just go-to to Shipito.com and signup for a free account and an address will be generated for you.
Note: This address is specific to only you and you can choose to customize the address by upgrading your account to premium.
In your US Address, remember that CA means California.
Step 6: EIN/Federal TAX ID
The interesting part about IncAuthority is they get an EIN for you at $49, which is considered the cheapest place to get one. Others charge from $95 and above. You need to include the EIN/Federal Tax ID which is very important!
Click save and continue.
Step 7: Operating Agreement
Having an operating agreement is very important because it provides proof you own the business. If any problem occurs in the future, you should be able to resolve it with this document, and also, companies like Stripe may require it, so it’s important that you get it.
Select the operating agreement and proceed with the form.
Step 8: Addons
This next page contains some extra Addons that may not be necessary for your business, just select the ones you need and continue. Some of these extra add-ons include:
- INC Protection Advisor. $27/month.
- LawSuit Protection. — $99.
- Express Delivery — $49.
- Domain Name — $29.95
- Business License Package — $99
Step 9: Make Final Payments
In the end, you’ll probably be paying for only State Filing Fee, EIN, and Operating Agreement.
Other business formation companies that I’ve seen and worked with do charge a lot for offering this service but IncAuthority Charges a $0 Service fee. That is one thing that makes them unique, coupled with other things like the free 1yr registered agent service.
Now, all you need to do is make your payment using either a Debit/Credit Card or PayPal.
Note: For the Delivery Option, you can select $0 free delivery (Electronic Delivery) and they will be delivered to your email, or you can select the Priority mail option to have your documents delivered to you personally.
Finally, that is all. You’ve successfully created your LLC Business Name and EIN/Federal Tax ID in the United States.
All formation company documents will be delivered to your email or your physical address.
Now, once your documents are ready, you can proceed to Paypal and stripe to create and set up a verified business account with each of them.
Requirements to Open a Stripe Account in Your Country
To open a stripe account in Nigeria, as a foreigner, you need the following things:
- LLC Company Formation.
- EIN/Federal Tax ID.
- US Physical Address.
- US Phone Number.
- US Bank Account.
Requirements to Open a PayPal Account That Can Send and Receive Payment
To open a PayPal account in Your Country, as a foreigner, you need the following things:
- LLC Company Formation.
- EIN/Federal Tax ID.
- US Physical Address.
- US Phone Number.
- USA Bank Account.
How to Setup a Verified Stripe Account?
After you must have formed your LLC and EIN/Federal Tax ID and they have been delivered.
You’ll need to use the details to set up a verified Stripe account and you need to be careful while doing this because their bots are intelligent enough and conversant to detect any mistake you make.
Step 1. Visit: Stripe.com
Step 2. Click on Register, and enter your details according to the above documents you have gotten.
Step 3. Congratulations! Your stripe account is fully set up and you can now start receiving payments worldwide.
For a More detailed step by step guide, read this article on how to Open A Stripe Business Account | Fast and Easy Stripe Verified Account
How to Setup a Verified PayPal Account?
Step 1. Visit PayPal.com
Step 2. Change Your country location to the USA ( Use a VPN to do that automatically ).
Step 3. Create a Business Account using the registered company name and other details.
For a more detailed step by step guide, read this article on How To Open A Verified USA PayPal Business Account 2022 (Available Worldwide)
Conclusions
After following the guides on this post, you should be able to form your LLC, get your EIN, and set up your Stripe account for your business.
Here’s a quick summary of what we’ve covered in this post:
- Understanding What an LLC is and why we need one for our business.
- How To Form an LLC and Get your EIN using the IncAuthority platform.
- Set up a stripe with your LLC and EIN that you have gotten by following the steps above.
If you have any questions and are confused about any process, do let us know by dropping them in the comment box.
Don’t forget to share! It’s quite a helpful guide on how to open a stripe account in Nigeria (for non-US citizens or residents (Non-Supported countries)
Popular Q&A
Can I use my Country ID to verify my Stripe identity without using a US ID?
Yes, Stripe usually gives you the option of selecting your home country and uploading your ID or Passport for Verification.
After forming my LLC at Inc Authority, they sent me additional forms to fill, how do I fill them?
After forming your LLC with IncAuthority, they will send you an EIN form to fill out and another form to enter the list of members. To Fill this EIN form is very easy; all you need to do is to enter your full name where they needed it, enter your US address where it’s wanted.
In the SSN section, enter FOREIGN in the box.
This means you’re a non-US citizen and has no SSN or EIN yet. Your EIN number may be delayed by the IRS because of the COVID-19.
In the members’ form, enter your full name and enter your US address. If you’re a team, enter their names and US address. (US address can be the address you got from shipito or the one you bought).
Can I add more services after submitting my application?
Yes, you can. All you need to do is call them or send them a mail and they will put you through.
Thank you for reading this IncAuthority review till the end. For further questions, use the comment box and we will reply to you.
1 comment