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Alternatives to Avoid the Costs of Opening an LLC Outside the United States

Santiago Coates

May, 24, 2024

4 min. reading

When it comes to expanding your business internationally and managing payments in US dollars, the options can be overwhelming. Many entrepreneurs and freelancers consider forming an LLC in the United States to access the benefits of a USD bank account.

However, is this the best option? This blog will analyze how the Airtm USA Virtual Account can be an excellent alternative to opening an LLC, especially if you are a freelancer or a digital entrepreneur.

The Airtm US Virtual Account allows you to virtually access a US dollar bank account without residing in the USA. This practical and flexible solution is ideal for efficiently managing international payments, with minimal opening and maintenance costs.

What is an LLC and What is it For?

An LLC (Limited Liability Company) is a business structure in the United States that combines the flexibility of a partnership with the limited liability protection of a corporation. LLCs are popular among small business owners because they protect the owners’ personal assets against the business’s debts and liabilities. Additionally, they allow for flexible management and have fewer formal requirements than corporations. LLCs are commonly used to manage investments, properties, and to operate businesses in various sectors.

Forming an LLC in the United States can involve various costs and bureaucratic processes. Below is a comparative table of the typical costs associated with an LLC versus the Airtm USA Virtual Account:

Advantages of the Airtm USA Virtual Account

If you are considering opening an LLC, the Airtm USA Virtual Account is a more economical and straightforward alternative, as it has no registration fees or legal costs, and you can open an account completely free of charge.

Additionally, you won’t have to worry about annual fees, registered agents, or reports, keeping recurring costs at zero.

Opening an account with Airtm is easy and fast, without bureaucracy or complex regulations. With this account, you can access a virtual USD bank account without residing in the USA, ideal for freelancers and ecommerce businesses, allowing you to manage international payments immediately and from anywhere in the world.

The Airtm USA Virtual Account is Perfect for…

Freelancers: Who need to receive payments in USD from international platforms like Upwork or Fiverr. With Airtm, they can avoid high currency conversion fees and receive their payments more quickly and efficiently.

E-commerce Businesses: These businesses sell products or services to customers in the United States and want to simplify their payment processes. The Airtm USA Virtual Account facilitates USD transactions, reducing costs and improving customer experience.

International Companies: They seek an efficient solution to handle payments and collections in dollars without the complexity of an LLC. This is especially useful for companies with operations in multiple countries that need a way to centrally manage their finances in USD.

Content Creators and Subscription Services: Those who sell subscription services or use platforms like Stripe to receive payments. Traditionally, this would require forming an LLC to open a Stripe account in the USA. With the Airtm USA Virtual Account, this process is greatly simplified, allowing creators to receive payments in USD without the need to form an LLC.

The Airtm USA Virtual Account is a cost-effective and less complicated alternative to forming an LLC. With lower opening and maintenance costs, along with ease of use and flexibility, Airtm provides a practical solution for managing international payments in USD. If you are considering expanding your business and need a USD bank account, the Airtm USA Virtual Account is the ideal option for you.

At Airtm, we are committed to supporting all digital entrepreneurs by efficiently connecting them with the global economy and simplifying their financial transactions.

We believe in offering accessible and effective solutions so you can focus on what truly matters: growing your business or professional career.

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