Here is my complete Inc Authority Review.
In this online space, having a US Company gives you access to a lot of things, for example, if you’re a non us citizen and you want to have access to Stripe and your country is unsupported, you can form an LLC (US Company) and register on Stripe as a US Company and that’s how you can have access to Stripe.
More so, you can register for a US Business Bank Account as well, there are a lot of alternatives these days.
United States, been one of the most popular and most sorted after by many businesses and having been accompanied by loads of benefits, it’s recommended to Form a US Company.
However, in this post, I will let you in how I was able to register a US Company with less than $100, yes that sounds crazy but that’s what I spent.
Forming a US Company can be expensive depending on the formation company you used, and can spend over $600 – $1,400 to form your US Company and acquire your EIN Number.
However, you don’t need to spend that FORTUNE, as it’s a bit ridiculous especially for a beginner.
You will discover how you will be able to get all the requirements from A-Z with less than $100, you don’t need to break the bank or sell your soul or go over your budget.
To get started with forming a US Company, you have to come up with a name, this can be your store name, website or business name, or any generic and unique name you’ve come up with.
The most exciting part of this is, you don’t need to change your IP ADDRESS by using a VPN.
To form your US Company, you have to choose a state among the 54 states in United States of America and we recommend the following:
- Missouri ($51 one-time filing fee and $0 annual/yearly fee)
- Kentucky ($40 one-time filing fee and $15 annual/yearly fee)
An example of an expensive state is California that charges $70 filing fee and $800 annual/yearly fee and you wouldn’t like to go through that route.
If you formed your LLC in Delaware, you’ll pay $300 annual tax fee with an expensive filling state fee to form the LLC?
If you’re a non-us citizen, you should probably go for the affordable state for peace of mind.
However, to form your LLC and get your EIN Number with less than $100, we will be using IncAuthority, they’re the best in the industry, and with them, you will get the most affordable services.
You can’t find this offer anywhere except here.
Inc Authority Review: How To Form a US Company
If you’ve decided to start your LLC and most especially with less than $100, then you can go ahead and form your LLC as soon as you can by following the instructions on this article before it’s too late.
At Inc Authority, you’re going to form your LLC and get your EIN/TAX ID.
Follow the simple guidelines below to complete the signup. It’s easy and takes just a few minutes.
All you have to do is choose your state, enter your business name, and form your LLC!
Step 1: Go to IncAuthority.com
When you arrive at IncAuthority.com, click on the “start now for free” tab.
Step 2: Select Entity Type and Filling State.
In your entity type, select Limited Liability Company (LLC) and in the Formation State, select Kentucky or Missouri.
Click on Save & Continue.
Step 3: Enter Your Personal Details
In this step, enter your First and last name, email, and contact phone number.
You’ll need a US Phone number, download DingTone from the play store or app store and buy a US Phone Number.
Also, below the form, you can add extra partners if you’re more than 1 person who owns the business.
Click on save and continue.
In the next section, they will ask you little questions about your business, you can select Yes or No in all of them, and they will ask the type of business you do, then you can select your category from the dropdown.
Step 4: Enter Your Business Details
Enter your choice or Business Name and business description (if you have a clothing online store, say you have an online and you sell clothing and apparel).
A brief description of your company, a sentence or two describing your business.
Select your business benefit and click save & continue.
Step 5: Business Address
You need a US Address to continue in this step, go to Shipito.com.
You’ll get a US address instantly, use it, and continue your signup. Takes just 1 minute.
This address from shipito is just for completing your sign-up on Inc Authority, because just after your LLC is formed, you will get a registered agent address along with your LLC formation document.
This is the address you will use along with your LLC whenever you want to register for something online, like registering for a stripe account online or activating shopify payments.
In the next section, you can continue as a guest or create an account with them.
Step 6: Registered Agent Service
Select the registered agent service and proceed to the next step. This option will give you a registered address which you can use for your business and online applications.
Step 7: EIN/Federal TAX ID
As a non-us citizen, your EIN (Employer Identification Number) will serve as your SSN (Social Security Number).
If you form a US Company, your EIN Number will basically serve as your SSN. Even without being a US Citizen, you’re enjoying the benefits. EIN is one of the requirements Stripe will request for when signing up. This is more like your IDENTIFICATION!
The interesting part about Inc Authority is they get an EIN for you at $49, which is considered as the cheapest place to get one. Others charge from $95 and above.
You need to include the EIN/Federal Tax ID which is very important!
Click save and continue.
Step 8: Addons
The next pages contain Addons and they include the following:
- Operating Agreement – $89
- Legal Document Package – $89
- Minutes and Resolution – $89
- 24 Hour-Express Processing/Express Delivery –
$49FREE (you can select this option if it’s free at the time of forming your company, but if it’s not free, you don’t have to add it because, it’s not cost effective and you need your LLC + EIN to be available before you setup Stripe or Shopify Payments) Normally, your LLC will take 4-5 days to be formed. - Online Business Presence – $9
- INC Success Advisor – $177
- US Business Bank Account – FREE (you can add this or not, but they always require a deposit before using the bank account) there are other free options you can use e.g Mercury.com
So you can skip the PAID ones, until you get to the payment stage.
Step 9: Make Final Payments
In the end, you’ll only be paying for State Filing Fee (fee paid to the state government to form your LLC) and EIN.
Other formation companies charge a lot for offering this service but IncAuthority Charges $0 Service fee.
Now you need to make payment using either Debit/Credit Card or PayPal.
For the Delivery Option, you can select $0 free delivery (Electronic Delivery) and they will be delivered to your email.
How long does it take to form your LLC + EIN?
Answer: It takes less than 7 days for your LLC Formation to be ready and it takes 30-90 days for your EIN/TAX ID to be ready via FAX from the IRS (for foreigners/non-us citizens).
How to Get a US Business Bank Account Using Your LLC
If you need recommendation for a US Business Bank account where deposits will be made to should in case you sign-up on any platform where you need to get paid.
You can sign-up for an Individual US Bank Account Right Now at Payoneer.com (even if you don’t have an LLC) and you can also sign-up for a Business US bank account at Mercury.com (when you have your LLC + EIN ready).
The difference between them is, on payoneer, when you receive payments, you get charged 1% of the money and when you want to withdraw, you get charged too, you can look up the charges on google.
However, on Mercury, any transaction is FREE OF CHARGE!
I hope this Inc Authority review is valuable to you and if you have any questions, you can drop ’em in the comment section below.
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