As a non-U.S. resident with a U.S. LLC, there are several taxes you may need to consider, regardless of which state your LLC is registered in: Sales Tax / Gross Receipts Tax: Depending on the state where your LLC operates, you may be required to collect and remit sales tax if your sales exceed a […]
FAQ
Why don’t you create bank accounts on my behalf?
Simply because we don’t want your account to get closed! Most banks require account holders to open accounts themselves to comply with strict security and regulatory standards. While some might promise otherwise, it’s a risky move that could even get your name blacklisted. But here’s the good news: as a Privatily client, we’ll guide you […]
Activating Your UK, US, or Canadian Phone Number
We’re proud to offer our premium clients a powerful, time-saving benefit: a FREE business phone number for one year in the country of your business formation. This isn’t just any number—it’s the result of extensive research and investment to provide you with the best communication solution for your business. We Did the Work So You […]
Understanding the Renewal Process with Privatily
Renewing your subscription with Privatily is a straightforward process, designed with ease and affordability in mind. For our US-based clients, the renewal process begins one year after your initial subscription. We charge an annual fee of $99, which covers the use of our registered agent service and our US mailing address as your company’s official […]
What if My Stripe Account Gets Shut Down? Understanding the Reason and Privatily’s Role
Understanding why Stripe may close an account is crucial. Most account closures occur due to the website linked to your Stripe account for payment acceptance, not due to the formation of your company with Privatily. Stripe reviews websites to ensure they align with their acceptable use policy, and if they find any non-compliance, they might […]
Comparing: US LLC vs. UK LTD vs. Canadian Sole Proprietorship vs. Corporation
Picking the right type – US LLC, UK LTD, Canadian Sole Proprietorship, or Corporation – is key for your business abroad. Let’s break it down simply: US LLC A US LLC provides a hybrid business structure with operational flexibility and pass-through taxation. Quick Formation: Setting up a US LLC is relatively fast, often taking just […]