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Question

I have a foreign based small LLC and currently I do business in US. What do i do to get an account at the local bank in order to be able to cash the checks i receive?

Submitted: 624 days and 2 hours ago.
Category: Legal
Value: $15
Status: AWAITING EXPERT REPLY
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Optional Information

Optional Information:
Nevada

Accepted Answer

Hello XXXXXXX,

Opening an account at a bank is very easy. As an LLC, you will need to determine who can sign the checks, what type of accounts you want, and how many. For instance, you may need a payroll account, a general business account, an office account--whatever. There are many different "plans" in most banks, also. Some have monthly fees, some offer an ATM card, some require a minimum balance, and so on.

Then you fill out forms, sign the signature cards, order the style of checks, and give the bank your initial deposit for each account.

I hope this answers your question. If so, click Accept so that I can get credit for my work. Thanks.

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Expert: dkennedy
Pos. Feedback: 98.3 %
Accepts: 
Answered: 3/9/2008

Lawyer (JD)

Juris Doctorate Degree

623 days and 17 hours ago.

Reply

Reply to dkennedy's Post: I did what you have suggested.
The problem i have is that my LLC is BASED IN ROMANIA not US..
The bank said, in order to open an account i have to have some kind of I.D. here.
Do you know anything specific, how to open an account for a FOREIGN BASED LLC?

Posted by dkennedy 623 days and 13 hours ago.

Info Request

Hello again,

Do you have a registered agent in Nevada?

 

623 days and 13 hours ago.

Reply

Reply to dkennedy's Post: Please address a more specific question.
I do not understand what does it mean to have "an agent in Nevada"..
Again: I have a small LLC just began doing work in U.S. and want to be able to cash the money that the firm is getting.
Thank you for your time, and I appreciate your help.

623 days and 13 hours ago.

Reply

Please let me re sentence the my question:

What do i need (legal papers - formalities) to have done, in order to open a Bank account for a foreign based company doing business in U.S.?

Accepted Answer

Hello again,

When you do business in Nevada (or any state) you need to register the LLC with the Secretary of State. This includes naming a registered agent with a street address in order to have a certain place to serve papers if necessary and to actually "find" the LLC if needed. Often, someone hires a lawyer to do this. It really amounts to just receiving some mail once in a while.

But, once you get this established, you will have an "identity" in Nevada, and can prove this to the bank. I want to provide you with the information on the Nevada Secretary of State including a link to all the forms you may need to register a foreign corporation.

http://www.nvsos.gov/business/forms/llc.asp

I hope this is the information you need. Please check with the bank and I am sure that this will suffice to establish your companies identity and you are on your way to getting your banking established as well. Good luck to you.

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Expert: dkennedy
Pos. Feedback: 98.3 %
Accepts: 
Answered: 3/9/2008

Lawyer (JD)

Juris Doctorate Degree

623 days and 12 hours ago.

Reply

Thank you very much for your answer.
I'll research the advice lead given.

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