Which route fits me: part of a corporate group or not?
If a company is a member, such as your company at home, your LLC is part of a corporate group. It then also needs your parent company's documents, above all its resolutions. If you hold the shares yourself, alone or with co-founders, it is not part of a group.
Who can be a member or manager?
Any individual or company, of any nationality and living anywhere in the world. An LLC can have a single owner (in the US: member). It is run by its members or by managers who do not have to be members; you decide which at formation. The Articles of Organization do not have to name members or managers. New York does, however, require a written Operating Agreement within 90 days of formation; it is not filed.
How much share capital is required?
There is no share capital requirement, and New York sets no minimum capital. What the members contribute is set out in the Operating Agreement.
Do I have to travel to the USA?
Not for the formation; everything is done remotely. You only travel to Austin for the optional introduction at a traditional US bank. With Credit Builder, you travel to the USA once for the bank appointment.
Here's how it works.
How long does it take?
New York sets no fixed timeframe for standard processing; for a fee, the state works faster. Once the formation is done, the EIN, BE-13 and account application follow step by step.
What do we need for identity verification (KYC)?
For the formation: details of the members and, if there are any, the managers; in a group, also details of your parent company and its representatives. For Mercury: the formation documents, the IRS letter confirming the EIN and your passport; Mercury may also ask for proof of address. For the euro account details, Wise requires photo ID of the owners and proof of the company's address.
What does it cost from the second year?
The annual package: $2,450 a year without a group, $2,950 a year in a group. Plus state fees at cost: in New York, that is the Biennial Statement every two years for $9. Bookkeeping and tax returns are only added if you book them.
Do I really need resolutions and minutes?
Yes. They are your LLC's memory, and anyone who does business with you, lends to you or buys from you will want to see them. We keep them from day one.
Why they matter.
Does my New York LLC have to report its owners to the state?
No. New York's LLC Transparency Act has applied since January 1, 2026, but it exempts LLCs formed in New York or any other US state. Only LLCs formed under the law of another country and doing business in New York have to report.
What is the newspaper publication all about?
New York requires every new LLC, within 120 days of formation, to be published for six weeks in two newspapers chosen by the county, one daily and one weekly. The Certificate of Publication is then filed, fee $50. If publication is not done, the LLC's right to do business in New York is suspended until it is completed. We handle this; newspaper costs are passed on at cost.
Can your LLC get a US account even if you live in Europe?
According to Mercury, it accepts applications from founders without US citizenship or US residence if the company is formed in the US, operates or plans to operate there and provides a real business address (no Registered Agent address, no P.O. box). We file the application with you once the documents and EIN are in place; Mercury decides on the account. On top of that, euro account details through Wise and, if you travel to Austin, an introduction at a traditional US bank. More under
US banking.
Can my company send employees to its US company?
That's what the L-1 is for, and it's the preferred route: your company transfers someone who has worked for it full time for at least one continuous year in the three years before the application, in a managerial role or with specialized knowledge. For a new US office, business premises must be secured, and the first approval is valid for one year at most. Which route suits whom is set out in writing in the visa roadmap for $2,000, prepared with the immigration attorney on the firm's team, who also files the petitions.
What does the LLC mean for me and my company tax-wise?
That depends on your situation, and that is exactly what the $2,000 tax plan is for: in writing and coordinated with your accountant at home. Forming in New York alone does not make your LLC pay tax there; a fee only applies if it has income from New York. On top of that come US federal taxes, and for you or your company the taxes in your home country.
How do I build a credit history in the USA?
With two connected histories: yours and your company's. The strongest business cards also check your personal credit history. That's why we build both. For you:
ITIN Express included, a US bank account, a US residential address with a phone line and our guidance to your first credit card; on-time payments on cards that report to the credit bureaus can help build a credit history. For your company: the D-U-N-S number, the Mercury IO card, whose payments Mercury says it reports to Experian, Equifax and Dun & Bradstreet (Mercury decides on the card), and a second business card that reports to the bureaus. We stay with you until your company has its own credit.
All about Credit Builder.