- Why your US address matters for ITIN, EIN, and banking
- Real addresses vs. virtual addresses: what works and what doesn't
- LLC formation basics: which state to choose and why
- Common mistakes that delay funding and cause rejections
Your US Address is Critical
Banks, the IRS, and credit bureaus will verify your address. If it's fake or unverifiable, applications fail. Many EU entrepreneurs use virtual offices – and then wonder why their ITIN or EIN gets rejected. Use your real address. If you travel, use your actual residence.
LLC Formation: Delaware, Wyoming, or Florida?
Delaware: Most recognized. Best for equity funding. Costs USD 100-200.
Wyoming: Privacy-friendly. Good for asset protection. No state income tax. USD 100-150.
Florida: Business-friendly. No state income tax. Good for banking. USD 100-200.
For EU entrepreneurs, Delaware is the safest choice. It's what investors expect.
The LLC Formation Process
1. Choose a business name and check availability
2. File Articles of Organization with your chosen state
3. Get an EIN from the IRS (1-5 days)
4. Create an Operating Agreement (optional but recommended)
5. Obtain an US address and register it with the LLC
6. Open a business bank account
Common Mistakes
Using a fake address: Banks reject applications. ITIN gets delayed or denied.
Wrong registered agent: Your registered agent's address becomes public record. Make sure it's real.
Inconsistent address across ITIN, EIN, and LLC: Everything must match exactly.
Get the address and LLC structure right from day one. It's the foundation for everything that comes next – ITIN, EIN, banking, credit building. A mistake here costs months and delays your capital access timeline.