Forum Replies Created
- ActToday wrote:When I opened my Wachovia account I was issued with a Visa Debit card immediately and this was prior to any purchases in the States. Wachovia and Wells Fargo are almost fully integrated after the merge of last year and I have now also been issued with a Wells Fargo Visa. This is a card where you must nominate what your expected monthly spending will be and this amount needs to be deposited into the Visa account. Whilst this is effectively making it an account to draw your own funds from, it has the huge benefit of creating a credit score quickly, which not all accounts do. I have nominated $2000 as this is sufficient to give me a credit score within six months. This is a new product that has only been is existence since December.
Hi Judith. We opened HSBC USA account from Perth and was issuedwith a debit master card. Do u think we can build up credit scores by spending in Australia? Cheers, Kevin
Here you go Marthamel: [email protected]. Thanks
Marthamel wrote:Klimmy, your account isn't accepting emails – can you send me your details please?Hi Marthamel. You should be able to view my email address now. Cheers, Kev
Marthamel wrote:Klimmy, your account isn't accepting emails – can you send me your details please?Hi Marthamel, I am thinking to setup LLC. Could you pls share the details of your attorneys. Cheers, Klimmy
Marthamel wrote:JamesI think the issue is that if you have an LLC that is newly established, then you don't have a credit rating. However, this can be gotten around, if you are a bit creative. For a start, if you are 90% sure you will invest there, set up your LLC and get "trading" … that will help. Then when you are ready to go ahead, you will find it more easily. There is a business, associated with my USA attorneys, that helps with establishing a credit rating for newly formed entities.
LLC is definitely the way to go according to my USA attorneys. The most protected states for litigation for LLCs are Wyoming, or Nevada if you have more than one shareholder. I am happy to share the details of my attorneys if you want the info. The will do the registering of an LLC for just under $700, and have good packages to deal with ongoing issues like mail and agms, etc. If you buy property in a different state, you just register for operations in that state too.
Wyoming is very cheap, as it is trying to establish itself as a good state for people to incorporate.
However, you also need to insure.
The structure of an LLC protects the personal assets of an investor. It also protects any unrelated investment assets. Eg, if you have 20 houses, in say 5 different LLCs, and someone sues, they can only sue *that* specific LLC … the other investments are safe.
Also, the way Wyoming and Nevada laws are written, the way compensation can be accessed is more difficult for the complainant, and protects you that way too.
Hi All, I just received HSBC application form to open an account in USA. If anyone wants me to email you the form, pls PM me. Cheers, Kev
