Wise is cracking down on accounts that look like business banking. If you're using it for your LLC, you're at risk. ⚠️ Here's what happens:Your account gets frozen without warning. You have 10 days to provide documentation proving legitimate business activity. Most people can't provide what Wise wants because they were never supposed to use Wise as their primary business bank. ⚠️ What you MUST do immediately: Contact Wise support. Submit LLC documents, EIN letter, and proof of transactions. Expl
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Wise is cracking down on accounts that look like business banking. If …
1.2K views4 months ago
TikTokjamesbakercpa
Most non-residents make them without even realizing it until it's too late. ❌ Mistake 1: Forming an LLC but using the wrong business address Banks need this to verify your business and open accounts. Without the right address, you might as well close the LLC yourself. ❌ Mistake 2: Forgetting your state deadlines If your LLC falls inactive, your bank can freeze your account and you lose legal protections from the state. ❌ Mistake 3: Assuming zero income means zero filings If your LLC is foreign-o
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Most non-residents make them without even realizing it until it's t…
591 views3 months ago
TikTokjamesbakercpa
You started a business for freedom, but your U.S. LLC just created a paperwork nightmare. 🤔 For an entrepreneur that loves freedom and hates paperwork, opening a U.S. LLC without understanding compliance is questionable. Here's the irony: 😅 You formed an LLC for freedom: 🌍 Work from anywhere 🇺🇸 Access U.S. markets 💼 Build your business your way But now you're dealing with: 📋 Form 5472 annual filings 📅 State compliance deadlines 🏦 Bank account applications 📧 IRS correspondence 📝 Operat
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You started a business for freedom, but your U.S. LLC just created a p…
854 views3 months ago
TikTokjamesbakercpa
One of the biggest issues new LLC owners face when opening online bank accounts is not having the right kind of address.🚫 Many platforms like LegalZoom or Bizzy give you a registered agent address, but banks know this: and it's hard or even impossible to open an account using those addresses. As a CPA helping foreign LLC owners, l've seen this problem so many times. That's why we started renting real office spaces across Florida and the US for our clients, so you can get a legit address and ope
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One of the biggest issues new LLC owners face when opening online …
147 views2 months ago
TikTokjamesbakercpa01
Can you open a US business bank account without a social security number? Yes, but only if you know where to look:🏦 Platforms that accept non-residents: Mercury, Wise, and Relay allow accounts without SSN.💳 The catch: Requirements constantly change. Some want US addresses, others need proof of business activity, and traditional banks still require in-person visits.😬 What you ALWAYS need: 1️⃣Your LLC paperwork📋 2️⃣Your EIN confirmation letter🆔 3️⃣Your passport or ID🛂 With those ready, you c
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Can you open a US business bank account without a social security …
124 views2 months ago
TikTokjamesbakercpa01
Wise accounts are getting frozen for this LLC mistake.🚨 I know people say
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Wise accounts are getting frozen for this LLC mistake.🚨 I know people say
122 views2 months ago
TikTokjamesbakercpa01
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