Your questions, clear answers
Everything you need to know before forming your U.S. LLC: how it works, timelines, costs and obligations. Factual answers, with no tax promise.
Opening your account: the right order
Opening a business account follows a precise order. Here is the real path, step by step — no shortcuts and no promises.
Form your LLC
First step: create the company and receive your official documents (Articles of Organization, EIN to follow). Without an existing LLC, no account can be opened.
Obtain the EIN
The EIN is your LLC's federal tax number. U.S. business accounts require it — applying before you have it leads to an automatic rejection.
Open a business account
Once your LLC and EIN are in hand, you can apply to institutions built for international founders. Each one applies its own approval criteria.
MercuryRelayBrex
Receive your first payments while waiting for the EIN
Business accounts require the EIN, which can take a few weeks. In the meantime, receiving accounts like Wise or Payoneer are faster to set up and already let you collect your first payments.
Opening and approval depend on the institution and remain done by you; no account opening is guaranteed. Optional support is available to guide you and prepare your application.
A question not answered here?
Start your LLC directly, or talk with us: we answer your questions before any commitment.
Statecove is an administrative support service for company formation. We facilitate your business formation and compliance steps. Statecove is not a law firm or an accounting firm, and does not provide personalized legal or tax advice. Accounting and tax services are handled by licensed partner professionals (CPAs). For any binding legal or tax decision, we recommend consulting a qualified professional.