How to Create A Stripe Account With US LLC

[@Samuel-ij9tg]

This is the best walkthrough on this subject I have seen on the internet and specifically on KZbin! THANK YOU!

[@TheBrimFactor]

Music to my ears, thank you for your kind words Samuel, I appreciate you

[@umarfarukraju8645]

Thanks brother. I just activated my Stripe account. your video is really helpful.

[@TheBrimFactor]

@@umarfarukraju8645 That’s what’s up! Now let’s get this bag! 👊🏽👊🏽👊🏽

[@ZephyrOfficial]

Did you use a virtual address?

[@umarfarukraju8645]

@@ZephyrOfficial you've to use your registered agent address

[@emmanuelharbor2350]

Kudos on creating a stripe account.. I couldn't see yoy input your EIN during your stripe tutorial.

[@TheBrimFactor]

thank you, I didn't show it as it's confidential.

[@emmanuelharbor2350]

@@TheBrimFactor ok.

[@emmanuelharbor2350]

Yet to see the video you promised me about the Fiverr client request option

[@sommycutsy9364]

Thanks dear

[@CharlesCohen-n6f]

Hey @TheBrimFactor, thanks for the awesome video. It's really helpful! I saw that you applied with you NIN number in the video. Do you know if having an ITIN number is giving more chance of acceptance, as a lot of people recommend it ? Or is a foreign identity number is perfectly fine, when you own a US LLC ? I have an EIN but havent applied for an ITIN yet and I was wondering if I should apply and wait for the ITIN or apply right away with my EIN. Thanks for your help! Best

[@TheBrimFactor]

@@CharlesCohen-n6f Having an ITIN along with your EIN will always be a great option as most platforms often request both

[@ZephyrOfficial]

Does it really work with the bizee virtual address? It says on their website they don’t accept PO box

[@the_runwaysa]

How long does it take to get the EIN if you had put the correct addresses and everything and again can I call the IRS for the EIN number ? Or I just have to wait for the mail

[@dikshithaariyawansa1299]

If your doing it yourself you have to call the IRS and give them the details for the ssn-4 form and once thats done they immediately tell you the EIN Number. its pretty easy nothing hard just a call, i would advise you to fill the form and have it at hand when you call the IRS its easier. The mail would take time but your EIN number is active when they tell you the number.

[@Alidoesbizniz]

How did you get a utility bill or an address to verify your wells fargo account?

[@izabelai.8530]

The angels sent your video! I had problems creating a Stripe account for over a month and with your step-by-step instructions I finally managed it! Many thanks! How do you use PayPal? Is it possible to create an account without an ITIN number? Would you like to make a video about it? I would be incredibly grateful to you! Many greetings to you!😇

[@TheBrimFactor]

I’m glad this was helpful. I have tried creating a PayPal with the EIN, it worked fine for a while, but was limited after a few weeks which is why I never released the video. I’m trying again with ITIN and VPS I think those are the missing puzzle pieces for a fool proof PayPal account, and I’ll cover all the steps in the coming videos. Stayed tuned 👍🏽

[@SafiyaSheikh-ti7hj]

India doesn't show there in business location what to do

[@BlakJohn]

Great video, man!🎉 Please when paying for your LLC formation, did you use your Naira card or a virtual card? 🤔

[@TheBrimFactor]

@@BlakJohn I used a dollar virtual card, one from Geegpay, Grey or Chipper Cash will work

[@BlakJohn]

@@TheBrimFactorokay, great! Thank you so much for getting back to me so quickly! ⚡️

[@kids_wise]

THANK YOU SO MUCH BRO

[@TheBrimFactor]

@@kids_wise You are welcome fam 👊

[@nikto92]

HI, great video, I ave a question. the email that you put at the start of the video is your personal one, the one you use for everything, or you put one that you create for your business, for example google workspace one, if so we have to make one first and pay for it and the we can go to stripe??

[@TheBrimFactor]

It doesn't matter what email you use, as long as you've not used it on stripe before, you can create a special email for your business or use an old one

[@raphaelrico1]

thanks for the video champ 😎 I am trying to setup Stripe but it does not give me the option to choose Wise as payout bank, not even if I search for WISE in the search bar. My business is also registered as an US LLC but my personal address is in Germany. Do you know how I can make this work?

[@TheBrimFactor]

@@raphaelrico1 No you can't link wise directly. Wise gives you a US BANK ACCOUNT On stripe you select to link your US ACCOUNT and then proviee your Wise US Bank account details 👍🏽

[@elpablitorodriguezharrera]

Hey, is acquiring LLC > EIN > Stripe required a home passport? Or it can be done with just home gov ID or homr driver's license?

[@TheBrimFactor]

@@elpablitorodriguezharrera A driver's license will do just fine, passport or driver's license is always best

[@elpablitorodriguezharrera]

@@TheBrimFactor even for EIN to the IRS? Also, what's the drawbacks of new mexico LLCs compared to wyoming LLCs? Thank in advance for replying

[@TheBernabéu]

can i get EIN myself instead of waiting for weeks? and how many accounts can we create using same EIN/SSN?

[@TheBrimFactor]

@@TheBernabéu Yes you can do the process yourself by faxing the IRS, can be a bit tedious but definitely doable, I’m looking to do this and making a tutorial about it. And yes you can create multiple accounts with the same LLC info. I created a PayPal account with my EIN for instance, and the PayPal account was blocked due to not using a VPS, I created another almost immediately using the same EIN and VPS and it’s been working just fine for over 2months now

[@maggievitality9627]

Please do the Wordpress tutorial

[@TheBrimFactor]

@@maggievitality9627 Oh yes the video is only a couple of months old

[@toyinobafemi5167]

Thanks for the video. Please I need clarification. The geegpay account you used, was it a personal account or a company account?

[@TheBrimFactor]

My personal Geegpay account

[@toyinobafemi5167]

@@TheBrimFactor noted and thanks for your response

[@TheBrimFactor]

@@toyinobafemi5167 you’re welcome 👍🏽

[@Ryansanvy]

Bro, how did you get WELLS FARGO bank account?

[@TheBrimFactor]

@@Ryansanvy From Geegpay

[@gammyalade9896]

Please we need the WordPress video. 🙏🏿

[@TheBrimFactor]

Okay, will do 👍🏽

[@tekebradley3205]

Please how long does it take to receive an EIN number after applying for the LLC

[@TheBrimFactor]

@@tekebradley3205 It takes anywhere from two weeks to a month if you use online services like Bizee

[@tekebradley3205]

@@TheBrimFactor thanks for your response. I did it on bizee but I have some difficulties to complete the form 1583 for Address verification, hope it will not affect the delay of my EIN number?

[@AtlantidaParaglidingCompany]

thanks for this info, respect

[@TheBrimFactor]

@@AtlantidaParaglidingCompany You’re welcome

[@goahead7545]

How long did it take for the account to get approved? Or was it approved immediately?

[@TheBrimFactor]

@@goahead7545 Yes approval is immediate after providing all the details

[@tekebradley3205]

Pls I need help 🤲 someone should help me explain how to collect funds from stripe to my home base UBA account.

[@TheBrimFactor]

@@tekebradley3205 Do you mean getting it into your UBA Dollar account or Naira?

[@famipets27]

Please, how to get my llc

[@TheBrimFactor]

We have a whole series on US LLC formation and this video is an episode on that series. Here’s the link: US LLC Formation kzbin.info/aero/PLIoGN7y_DbAppgwILfnKO6e4EZ-S41CJS

[@yusuph2073]

Hi, how did you open Wells Fargo Bank account? Was it through online or ?

[@TheBrimFactor]

@@yusuph2073 Yes Geegpay offers Wells Fargo accounts

[@jasminbertic]

@@TheBrimFactor is this a business account or personal account ?

[@TheBrimFactor]

@@jasminbertic It's a business account opened under my US LLC

[@sselekane]

how do you withdraw the money in your home country from Stripe to your bank ?

[@TheBrimFactor]

Hi, I’m guessing you’re not Nigerian. On stripe you have to link a foreign bank account, I withdrew to my Geegpay account which is a Nigerian fintech company that offers foreign accounts, once the money is in my Geegpay account, I can then transfer out to my local bank account.

[@sselekane]

@@TheBrimFactor I am South African. Thanks for this info, i checked their docs on the withdrawl part. Is it worth the trouble to have LLC in US for stripe ? or is tab into the US market?? i am asking this because i have seen alot of South African companies are using stripe now...

[@TheBrimFactor]

@@sselekane I think it varies for each individual and business needs. If you are someone who generally does anything that might require payment from someone on the other side of the continent, I think it is a very valuable asset, considering there is very little to no running cost. . There are opportunities that you might not even know were there until you have these tools. . Better to have it and not need it than to need it and not have it.

[@Soletto2023]

How long did it take to get you the EIN?

[@TheBrimFactor]

@@Soletto2023 A few weeks

[@hattoriwakarannode]

can i provide ID like passaport number ? (from Russia)

[@TheBrimFactor]

@@hattoriwakarannode Yea sure

[@hattoriwakarannode]

@@TheBrimFactor Thank you my brazar

[@TheBrimFactor]

@@hattoriwakarannode you're welcome

[@bradley_kuda]

Can can I use someone else stripe to transfer funds into another bank account?

[@TheBrimFactor]

@@bradley_kuda That often flags some security issues, stripe may request further details before letting the transaction through, but in most cases it won't work at all

[@bradley_kuda]

@@TheBrimFactori have a friend in the US and i have access to all her bank details so I've used it to creat stripe account so i was wondering if after Verifications I'll be able to transfer to another account ?

[@TheBrimFactor]

@@bradley_kuda truth is it might not work. I'll advice using the same details to create an bank account like wise since you have access to that and use it to withdraw from stripe that way everything is in the same name

[@bradley_kuda]

@@TheBrimFactor 🤔 thanks so much i think it's a better idea. I do drop shipping in Africa so we had payment barrier over here

[@TheBrimFactor]

@@bradley_kuda Yea try that, it should work

[@TerenceMohan]

How did you set up the LLC?

[@TheBrimFactor]

@@TerenceMohan Here's a playlist of the entire process step by step kzbin.info/www/bejne/pp7Gi4mBl9qkf6c

[@TerenceMohan]

@@TheBrimFactor Thank you very much!

[@JohnJamarionn]

Can I create a company account on Geegpay with my LLC?

[@SlimReacts_]

They don't have company account option yet

[@ahadnour2354]

hello @thebrimfactor can i open a wise account with my llc then connect stripe

[@TheBrimFactor]

@@ahadnour2354 Wise is quite tricky with a US LLC I've just found. You can create a business wise with your US LLC but funny thing is they don't let you get a US Account on that business account at least not at the moment. So you're better off using a wise personal account. I'll make Vidoes on this topic soon