My question involves business law in the state of: Delaware
I am a non-residsnt alien who has never been to the US. I have filed for registration of an LLC in the state of Delaware for my online business and I've come to a little problem. Since I don't live in the US, opening a bank account is impossible. I don't want to use my current PayPal account after the LLC is formed so I've thought of appointing a relative that I trust, who is a naturalized US citizen, as the Secretary of the company. I've read in a few places that a member of an LLC, if given authority, can open a bank account. Can anyone confirm this? Would banks care whether he has controlling interest in the company or not? I want to offer him 10% ownership and keep 90% for myself. Would there be a problem? And how should I go about adding a member in the LLC?
Any help would be appreciated.
I am a non-residsnt alien who has never been to the US. I have filed for registration of an LLC in the state of Delaware for my online business and I've come to a little problem. Since I don't live in the US, opening a bank account is impossible. I don't want to use my current PayPal account after the LLC is formed so I've thought of appointing a relative that I trust, who is a naturalized US citizen, as the Secretary of the company. I've read in a few places that a member of an LLC, if given authority, can open a bank account. Can anyone confirm this? Would banks care whether he has controlling interest in the company or not? I want to offer him 10% ownership and keep 90% for myself. Would there be a problem? And how should I go about adding a member in the LLC?
Any help would be appreciated.
Business Finance: Can a Member of an LLC with 10% Ownership Open a Business Checking Account on Behalf
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