Building from Africa to the world and running a global business requires a framework to be achievable. One of the most important parts of that framework is having the right corporate structure in place to succeed.
Legal Trunk helps founders and entrepreneurs register their companies in the US, one of the top countries arguably at the fore of the civilised world. We help you set up the structure you need in less than five steps. All you need to do is fill out our simple application form, make the required payment and sit back while we do all the work. Registering your company with Legal Trunk roughly takes a week from when you fill the form and make payment to when you receive your incorporations documents.
We have some exciting news to share at the end of this article, so keep on reading to find out more.
You are probably wondering what you stand to gain by setting up your company in the US at this point. The long answer to this question has been answered in our article here, but a short answer is that with a US company, you can:
- Receive support and funding from international investors easier.
- Have access to a wider customer base.
- Easily open a US bank account.
You can read the full article to get a full explanation of each of these points.
The next part of our article is focused on the third point, opening a US bank account.
Like we said, opening a bank account for your company in the US gets a whole lot easier when you have the company registered in the first place. The perks of having a US bank account for your business include:
- Receiving funding from international investors is easier since investments are usually in USD currency.
- Make online payments for your business easily with internationally recognised credit and debit cards.
- Paying for cloud computing services for your business such as AWS, Microsoft Azure, Digital Ocean is easier.
- You can easily handle payroll and taxes for your remote or international workers.
- You can also avoid the insanely high international payment fees when you are in the US!
Now you are convinced about having a US bank account but are unsure of how to take advantage of these benefits?
- The first step is to register your company in the US if you do not already have one. Get started on this here.
- The next step is to have your company’s official incorporation documents and Federal EIN ready after registration. (Legal Trunk helps you handle the application for EIN with your company registration at no extra cost)
- You will need a picture of your government-issued ID.
And that is all you need to get a US bank account!
This brings us to our exciting news!
Legal Trunk has partnered with the truly exceptional folks at Mercury to help you get your US bank account in as little as 10 minutes with no fuss! Mercury is one of the biggest banks in the US building banking for startups. Mercury has helped thousands of immigrants and non-US residents level up their businesses by the crucial act of having a bank account in the US!
All you need to take advantage of this partnership is to register your company with Legal Trunk and easily open your company bank account after. What are you waiting for? Get started here!
