Why An LLC Is The Right Structure For Your Startup Company

They can get the merchant account and get paid from national/International Customers

One pattern that is being observed and said to be the safest type for the formation of the company in the United States is “Limited Liability Company”, the reason behind this type is preferred over the others is its business structure and there is no need to have a permanent resident to register for this company type and getting a payment gateway integrated with it to accept Credit Card payments.

A Limited Liability Company structure combines the feature of Sole Proprietorship and corporation that is, the income of the company is treated as the income of owner(s) and the limited liability of corporation means the owners or investors are responsible for the amount that is being invested by them in the company.

The business owners preferring LLC, get one of the legal advantages that every business owner prefers to have is this type creates a bar between the owner’s personal assets are kept away from the business assets.

That is, it offers the protection to the owner’s personal assets from the business assets at the time of legal decisions about the business.

There is a different and decent type of taxation method that is implied while registering a company under this type. The company doesn’t need to file for a corporate tax that is owners and investors report their profit and loss at the time of paying tax.

Now to get the access for a MERCHANT ACCOUNT and payment gateway for the acceptance of any electronic payment method the company needs to provide these documentations:

• There is need of U.S. bank account, for this the person who is the registered agent of the company in the United States can use its account as the transactions made by the sales in the United States needs to be cleared in any bank of United States and must have Merchant Account to get paid from customers.
• The name that is registered under the name of Limited Liability Company should be used as “Doing Business As “name.
• Physical or virtual presence of the business in the United States will be required to show the company. For which the company needs to provide an address and a telephone number that will help a company.