As of 2021, more than 2.14 billion people turned to online shopping to meet their needs. Probably the biggest factor was the COVID-19 pandemic. Even though the epidemic is slowly coming to an end, some habits during the epidemic still continue. The online shopping trend seems to continue in 2022, perhaps in 2023 and in the coming years…
While the online shopping trend continues to grow, online jobs that can be done from home are also growing at the same rate, so we can say that it is the right time to start an online business.
Let's take a look at the requirements you need to start an online business and collect from your customers via credit card.
How to start an online business? How are payments collected?
If your business targets people all over the world, you need to form an infrastructure where you can receive payments from all over the world. Otherwise, local banks and virtual POS systems will restrict you after a certain period of time or will not meet your needs at the initial stage.
What you need to do;
1- Form an LLC Company in the USA
First of all, it is highly recommended that you establish an LLC company in the United States because you will need a payment processor strip (virtual POS) for your company. Thanks to Stripe, you can collect credit cards in any currency from all over the world. To open a Stripe account, you need to establish an LLC company. the affordable LLC setup guide here .
2- Obtain an EIN (tax ID)
After you set up your LLC, you must obtain a tax identification number, EIN, for your company. An LLC without an EIN cannot open a bank account or virtual POS (such as Stripe) account. EIN is issued free of charge . You can find details on how to apply in this article
3- Open a Bank Account
After obtaining an EIN for your company, it is beneficial to immediately open a corporate-class bank account for your company. There are multiple options when opening a bank account, the most common of which are Mercurybank and Wise Corporate. Here you can find all the details about opening a bank account for an LLC company.
4- Apply for Stripe Virtual POS
After your company is formed and EIN and bank accounts are completed, you now need a virtual POS system where you can receive payments from your website. The best and easiest solution for this is Stripe. Stripe does not allow Turkish citizens to open individual accounts under normal circumstances, but any Turkish citizen can open a Stripe account if he formes an LLC company in Usa because Stripe allows this type of business structure. They do not require any address proof during account approval, only your company formation document and EIN number are sufficient. Finally, you can transfer the money you collect in Stripe to your bank. We have already made a brief explanation about this subject in the previous article.
After completing the payment, collection, incorporation and bank account processes, you now have a solution where you can receive payments online from anywhere in the world. Here's a step-by-step guide on opening a Stripe account .
What kind of work can be done?
The structure we mentioned above supports many types of business done online. The most well-known and preferred of these are:
- Freelancer
- blogger
- E-book Writing
- E-commerce (Online Niche Store)
- Dropshipping
- Sale of handmade products
- Print Sales
- Subscription Sales
- Consulting
- web design
- Website theme design
- Website language translation
- software development
- social media marketing
- digital marketing
- Advertising agency
- online translation
- SEO expertise
- virtual assistant
- data entry service
- Online video course sales
- Video editing
- video animation
- Copywriting (Technical Writing)
- Selling stock photos or videos
- Podcast Sales
- Selling niche products online
2 Comments . New Comment
Hello Mr. Nazmi,
I cannot thank you enough for the information you provided and your detailed work. Thank you for your effort. I gained so much information thanks to you. 🙂
I would like to consult you on something. I will use the instructions you gave for setting up a company in America and complete the necessary applications by getting service from the company you recommended. However, I think and hope that my brand will grow a lot in America :) I base all my plans on opening stores of my brand in the future. I would like your support on what I should do at this stage to open a store in America in the future. I am not an American citizen. I went many times and went to San Diego University for 1 year. I also received Business Management training. I have never had any problems with my visa. I still have a 10-year tourist visa. The reason I am telling these is to see if it will help the relevant authorities to understand that my purpose is not to seek asylum but to do business.
To summarize briefly, is there anything I can do to open a physical store in America in the future? Can I apply for this physical store after establishing an LLC company? Or should there be another application form? If so, what is it? Is there a way to open a store as an investor without being an American citizen?
Sorry it's been a bit long :) Thank you in advance for your support.
Best regards.
Hello,
First of all, we wish you success in your work, if you continue with this determination, you will undoubtedly be successful :)
You can of course open a physical store in the future with the company you will form. It is very good that you have a visa history. You can be sure that this will contribute greatly to your obtaining an investor visa in the future.
If you are in a position to form an LLC, I strongly recommend that you form it in the state where you absolutely plan to live or do business. If you have an SSN, I recommend that you use the SSN when obtaining an EIN for the LLC you will establish. This contributes positively to the visa part (in terms of registration), you can already get an EIN online in 10 minutes if you have an SSN, we can support you in this regard.
Since your company will be ready in case you open a physical store in the future, all you need to do when you go to the USA is to get the necessary permits for your business from your state. You need to do this at that stage.
If you have any other questions, you can ask here.
We wish you good work and good luck.