Just today I have found several online companies offering US incorporation for something like $600-$700. They claim it all can be done online. Ideally, I would like to open a US merchant account - is the incorporation all I need? I also have a US personal checking account, does this help?
In my experience it won't be enough. The issue is not so much with bank accounts etc (although this too might be a problem), but more with US Credit. If you don't have a good credit report in the states it's much harder to get a full fledged merchant account. In essence there's a lot of money being floated around here, so they want to make sure that everyone is good for it.
You didn't mention where you're located, but in the UK you might try World Pay - there's also Chrono Pay I think, as well as Easy Chex.
There is no such thing as US incorporation. Incorporation is done at the state level. And some states have far better reputations than others.
Actually incorporation is a minor part of the equation. Don't think that you'll incorporate in Nevada or Utah and then get a merchant account automatically without supplying other info. Incorporating in a stinky state will actually hurt your credit.
I also have a US personal checking account, does this help?
Same thing. Won't help if you opened it with $20 last week.
Msg#: 3311630 posted 1:13 am on Apr 16, 2007 (gmt 0)
A little off topic but be sure to use an attorney when incorporating and don't use those online services - now that my business is large I wish I had used an attorney when I incorporated serveral years ago. Don't do yourself or with a cheap online service. If you can afford it use an attorney...