BookMyLLC Blog & Knowledge Center

Complete ITIN application guide for non-US residents. Requirements, process, and how to get your Individual Taxpayer Identification Number.

How to build business credit for your LLC. Step-by-step guide to establishing and improving your business credit score.

Stripe, PayPal, Square, Paddle and Authorize.net compared for US LLCs owned by non-US founders: what each needs, who it suits and why accounts get held.

Guide to getting a US phone number for your LLC. Virtual numbers, toll-free options, and best providers for international founders.

LLC vs sole proprietorship comparison. Liability protection, taxes, costs, and when to upgrade from sole proprietor to LLC.

Self-employment tax explained: the 15.3 percent rate, the Social Security wage base by year, how it applies to LLC owners and why many non-US owners do not pay it.

How the IRS taxes an LLC: disregarded entity, partnership, C-Corp or S-Corp election, plus the extra rules for foreign owners and the state taxes that add up.

How to pay yourself from an LLC: owner draws, distributions, salary under an S-corp election, payroll tax rates, and what changes for non-US owners.

Bookkeeping basics for LLC owners. Essential practices, tools, and when to hire a professional bookkeeper for your small business.