Info for non US webmasters re:Visa - GoFuckYourself.com

auscguy · 10-14-2002, 04:26 PM

Hi fellow non Us webmasters

Just a couple of points I read in a recent issue of YNOT.
Not sure how big of a concern this is.....

"In light of the terrorist attacks on September 11, 2001, many banks located in the United States will not open bank accounts for business entities that are owned by foreign citizens. It is difficult to ascertain whether this is a random decision made by the banking industry or one undertaken at the ?suggestion? of federal authorities. Regardless, Webmasters should be aware that they might have significant difficulty opening a bank account for their new business entity. If the company has no bank account, then obviously the forming of a US-based business entity is of little use in overcoming the hurdles created by the new Visa regulations"

Has anyone had problems or no problems setting up accounts?

auscguy · 10-14-2002, 04:34 PM

Another thing, there's been alot of talk about Nevada and setting up a LLC there.
Is this what people are doing?
Basically I think we need to share as much info or ideas on whats the easiest way to set all this up, as time is running out. I know one of the big 3 is stopping processing of Visa customers as of Oct 24th if no account has been created.

Shark · 10-14-2002, 04:47 PM

Hi Auscguy,

Could you post a link to that Ynot info ?

Quote:

Has anyone had problems or no problems setting up accounts?

There was a post a couple of days back in regards to this.

Quote:

Another thing, there's been alot of talk about Nevada and setting up a LLC there.

I think a C corp would be the better option from what I have read.

This page has some good info
http://www.activefilings.com/en/information/index.htm

Quote:

Basically I think we need to share as much info or ideas on whats the easiest way to set all this up, as time is running out.

Yes I agree there, I've been hanging out for an announcement on what will be required of us but am starting to get extremely anxious..

auscguy · 10-14-2002, 05:00 PM

Quote:

Originally posted by Shark
Hi Auscguy,

Could you post a link to that Ynot info ?

http://www.ynotmasters.com/news/ynew...002/page3.html

The Other Steve · 10-14-2002, 06:44 PM

Quote:

Originally posted by auscguy
I know one of the big 3 is stopping processing of Visa customers as of Oct 24th if no account has been created.

Which one of the big three might that be?

The Other Steve · 10-14-2002, 06:46 PM

And as for setting up anything in the US in time for the changes - perhaps you should look for a thread started yesterday by CoolE.

He's in Canada but has the same problems as us Aussies - his thread makes for some sobering reading.

Shark · 10-14-2002, 06:51 PM

Quote:

Originally posted by The Other Steve
Which one of the big three might that be?

Epoch according to a post I came across yesterday on this board.

10-14-2002, 04:26 PM	#1
auscguy Confirmed User Join Date: Oct 2002 Location: downunder Posts: 111	Info for non US webmasters re:Visa Hi fellow non Us webmasters Just a couple of points I read in a recent issue of YNOT. Not sure how big of a concern this is..... "In light of the terrorist attacks on September 11, 2001, many banks located in the United States will not open bank accounts for business entities that are owned by foreign citizens. It is difficult to ascertain whether this is a random decision made by the banking industry or one undertaken at the ?suggestion? of federal authorities. Regardless, Webmasters should be aware that they might have significant difficulty opening a bank account for their new business entity. If the company has no bank account, then obviously the forming of a US-based business entity is of little use in overcoming the hurdles created by the new Visa regulations" Has anyone had problems or no problems setting up accounts?

10-14-2002, 06:46 PM	#6
The Other Steve Confirmed User Join Date: Dec 2001 Location: Sunny Queensland - perfect one day and better the next. Posts: 2,106	And as for setting up anything in the US in time for the changes - perhaps you should look for a thread started yesterday by CoolE. He's in Canada but has the same problems as us Aussies - his thread makes for some sobering reading. __________________ Left intentionally blank ... just like my brain

10-14-2002, 04:34 PM	#2
auscguy Confirmed User Join Date: Oct 2002 Location: downunder Posts: 111	Another thing, there's been alot of talk about Nevada and setting up a LLC there. Is this what people are doing? Basically I think we need to share as much info or ideas on whats the easiest way to set all this up, as time is running out. I know one of the big 3 is stopping processing of Visa customers as of Oct 24th if no account has been created.