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Relocation

Company, bank account, the move, mistakes included — the way out, documented first-hand.

What this section is for

Information, not advice, and no tax promises. The publisher is walking this road right now and writing it down as it happens: which structure he picked, what it cost, how long each authority took and where he got it wrong. What you read here is a travel log with receipts — not a brochure.

The lead story

Opening a US business account for your LLC as a non-resident

You live in Germany, your LLC lives in the US — and the company needs an account. Why banks ask for the EIN rather than your SSN, which papers actually get requested, where reviews go wrong, and why banking, not formation, is the slow part.

Banks tie a US business account to the company's EIN, not to a personal SSN or ITIN. The IRS issues the EIN at no cost — but if you have no SSN, the online route is blocked and only the fax or telephone application remains, which makes the EIN the pacing step. The current fax and phone numbers are listed in the IRS instructions for Form SS-4; check them on the day you apply, as they change without notice. Prepare the formation papers, EIN proof, operating agreement, passport, evidence of your address at home — and be ready to describe precisely what your company sells, since that is where compliance reviews most often trip. No provider guarantees approval, and requirements shift without notice. This is market information, not a recommendation.

Björn Falk

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All articles in this section

11 articles

auswandern

Wyoming, Delaware or New Mexico: picking a state for your LLC

Three states, three fan clubs, three fee schedules. Reading the statutes instead of the marketing shows why the lowest sticker price is a weak argument, why Delaware's annual tax just jumped — and why the German tax office does not care which one you pick.

Björn Falk

auswandern

US LLC: costs and ongoing obligations

The true price of a US LLC, year by year: state filing fees, the registered agent, annual taxes — and an IRS reporting duty that many overviews skip, with a penalty that begins at 25,000 dollars and can climb further.

Björn Falk

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