Anyone who is not in US, started a US company to use YPN?

Because most banks require you to be present when opening an acocunt in the bank, and those that don'e require extra high security which means verification of a SSN. You will only find a few banks that do not require a SSN or you being present in a bank while opening an account.

 

Even if you do find a bank that will allow you to open an account online if you're not US based, you will still need a US address, valid driver's license from the state in your address and SSN as mentioned above.

 

People without drivers license cant open accounts ?

 

That's the way to go.
I suggest a LLC in Nevada or Delaware for taxes. (online:$350-$500)
Get EIN (online:$50 or included in the LLC package $500)for the LLC, and open a bank account in Washington Mutual (wamu.com) or Suntrust. Both online.
Set up Yahoo (online) and pay taxes (online) even from outside.
You're done without to put feet on US ground...

I deserve a rep+ for this one

 

Of course they can...It's not the junggle over there

 

There is NO fee to get an EIN number. Again, like the LLC, it is a simple form and you can do it via fax or telephone.

http://www.irs.gov/businesses/small/article/0,,id=97860,00.html

https://sa1.www4.irs.gov/sa_vign/newFormSS4.do

 

Correct. There is no fee if you do it yourself. Just a phone call will do the job.
The fee is when you opt for a LLC package with the EIN. Usually, the package comes with different options. EIN is one of them.
You may set the LLC yourself also and save money EXCEPT IF YOU ARE NOT IN THE COUNTRY (it won't be easy if you are abroad).
That's why I suggested to opt for the whole package. Your invoice will then show a fee for the EIN.

 

That sounds fair enough. Just wanted to make people know there is no fee from the gov't to get an EIN. If I were paying someone to do the LLC for me, I would agree that it is probably best to have them get the EIN as well.

 

Don't forget the guy is asking from outside the US.
Imagine yourself setting up a company in Japan without to go

 

very funny thread. great debate on whether or not he can do it all for the purposes of using ypn (which can be done). the odds of getting into ypn these days are less .001%. even though im pulling that figure out of thin air, its more true than not. thousands of people are applying to ypn each and every day and they dont even approve an average of 1 new publisher per day. and the que of sites waiting for review is so huge, that it takes ypn 2 weeks to 1 month (sometimes more) to even send you an automated declined email. now thats "backed up".

to the original poster - apply first, get accepted by the miracle of christmas, then play the lottery and then worry about how you are going to validate your invitation.

jmo

 

DL is used as primary form of identification in USA. Alternate to it is state identity card (which costs same as getting DL - but with DL you have to appear for driving test )

 

The Patriot Act has a "know your customer" clause that has made US banks require that the signers on an account come into the branch so they can verify your identity. I have been doing business with Wells Fargo in California for 20 years and was unable to open a corporate account in another state without actually going to the state - even tried having a local branch "verify my identity" and then forward it to the branch in the other state. You might be able to find a brokerage for a personal account online - but not a business account. Before the Patriot Act, it was very easy.

 

Righto, similar to what karagold said above, why bother about all this now? Setup an account first, or even easier, get into Adsense! It doesn't have half the headache!
BTW, if its possible to transfer a YPN account, do let me know, I have no use for the one I've got, I was hoping they would launch world-wide soon...boy, am I wrong!

 

For LLC Delaware rules are easiest and i think most outsiders register their LLC in delaware.

 

good to hear such a good information !!
That's what i am going to do ! i will cooperate with my friend (he is a non-us citizen). Lots of people told me that i should open a corp in Nevada (or ... other state.. i don't know)...

but yeah, if you earn more than ... 800 bucks a year (lol) then i think you should go for it !! !! you know, the tax stuff !!!

 

$800 per year or per week?

well i suppose the best way is to open an account for someone (relative/friend) in US, which is what I'm looking at, just not quite sure yet how to transfer the money. Like if someone opens an account and receives checks/deposits, how can he send me the money and avoid paying taxes for the money in US?

 

He can't. He has to pay taxes.

 

obviously, but taxes are paid from profits, if he sends me all the money, to another country, will he still have to pay taxes. I suppose where should be a way around it heh. Will consult with lawer anyway of course.

 

As far as i heard if you open a c-corp, the tax will be separated from the owners' income (as long as the revenue stays inside the corp !!!). There is a way you can withdraw money from the corp and you have to pay tax up to 15% (maybe less than 15%) on the amount of money you take out of the corp.

I am researching on it and i would love to hear comments from the experienced publishers.

Wish you guys happy new year !!!

 

C-corps have double taxation - the corporation is taxed on profits and then when you take money out, it gets taxed according to your personal situation. Unless you aren't planning on taking money out of the corporation (in order to grow), you would probably want to go with an LLC or S-Corp. With an S or C, you still need pay a reasonable salary before distributing any profits - it's a huge red flag to the IRS if you don't. In addition to income tax, you'll pay 15.3% for self-employment (ss,medicare) on your salary. With an LLC, you cannot pay dividends to avoid the 15.3%.

You should really see a CPA to go over your individual situation - which will vary according to the State you live in.