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My 2.5 years experience of running LLC in US as a solo founder and I live in India.I use @stripe Atlas, to registered LLC and paid $500(one-time setup fee).Apply online took approx 30 minutes(1000x faster than registering a company in India)I got EIN within 10 days, so I can open bank account.I use @mercury , and got approved in 48 house.I use one stripe account and create multiple account for my side projects.Like under that company, I run all my new ideas and projects.In $500, I started a company without any hassle. Now you can start with $250 if you have invitation link.After that 1 year, my expenses.$100 - Registered agent $300 - Tax filing to 3rd party $300 - US delaware franchise tax.Total $700, But I save more than $2500 with Atlas program that year by free transaction fee from stripe.So, running a company is cost you $0.Now, How I get money in India.I use icici bank, I directly send USD into my bank. This took max 2 business days. I pay myself as salary.1 hack, I use my mercury card for online shopping(Ex: Today i bought iPad from apple IN and use mercury card) , book flight tickets.Yes, I pay tax in India, and I pay here to my CA approx $200 per year.I'm running 5 side projects and making $8k-$10 each month.When I started, I was making $0, so you just have to start. That's all.Let's connect on twitter, @mddanishyusuf

2 条评论

immi12311 个月前

Thanks for sharing it. It is always delightful to know that someone among us was able to achieve financial success on its own.Question: other than saving Royalty Tax of 30% (only applicable if India does not have Double Tax Treaty with US) and Stripe account (just checked, Stripe account can be created from India if you have invitation), what advantages you got by registering a LLC?

enceladus0611 个月前

What projects did you make to get 8-10k USD per month? That is a good amount of money, although if you live in the US you are also responsible for Federal and Self-employment tax so that takes alot off the top.