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LIVE Q&A WITH JAMES BAKER is happening in 6 days
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START HERE
Welcome to the Global Business Growth Club community for entrepreneurs, investors and US business owners; where you get on-going support from me & my team to help you stay compliant with your US company, broaden your horizons about what is possible and use your company to make more money and pay less taxes. Step 1: Make a NEW post to Introduce yourself so we can get to know you + start chatting with the community! 𝐇𝐞𝐫𝐞'𝐬 𝐚 𝐭𝐞𝐦𝐩𝐥𝐚𝐭𝐞 𝐟𝐨𝐫 𝐢𝐝𝐞𝐚𝐬: What's your name/handle? Where are you from? What is your unique expertise (or are you working to specialize in ie ecom, services)? Biggest strength? What type of content do you love to share? What's your goal inside of GBG VIP? What are your social handles so we can follow you? Anything else you want to share? (After copying this, make a NEW post in the "Introduce Yourself" category on the Community Dashboard) Step 2: Watch this video (coming) to learn how GBG VIP + Skool work, how to unlock the courses and calendar & how to get the most out of the community. 𝐁𝐞𝐬𝐭 𝐩𝐫𝐚𝐜𝐭𝐢𝐜𝐞𝐬 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲: Share your journey with us! The good & the bad. I'll be doing the same. Transparency & authenticity is a part of the success journey & is helpful to other members. Level up quickly to unlock new courses by commenting, posting your insights or questions in the Community Dashboard. Hit 'Like' or comment on posts you find helpful to let the poster know! Add a bio + profile photo. Positive vibez only!!! If you ever get stuck, feel overwhelmed, or are not sure what 'next step' to take, post about it the Community Dashboard so we can help you! Use the "category" dropdown to categorize your posts. 𝐆𝐫𝐨𝐮𝐩 𝐑𝐮𝐥𝐞𝐬: 1) No Self Promotion 2) No Selling in the DM's 3) No Spamming the Community Dashboard 4) Be nice :) 5) Be yourself :) Much love & so excited to work with you!
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Open your US bank account here
If you have your LLC you now need to open bank accounts (the first two are free so open both!). I'm going to share some links below to what I think are the best options. They are my affiliate links and I'll address them separately so you can understand the benefits. When applying, be honest but always emphasize more on how you will help your US clients. Relay financial - I have a great relationship with relayfi and they have told me that applicants that use this link have a greater likelihood of being approved. I use relay for my business and it has been great.the account is free to open. https://app.relayfi.com/register?referralcode=jimbaker Mercury bank - this is another great option. Again focus on how you are serving clients in the US. This link should give you bonuses once you are approved. The account is free to open. https://mercury.com/partner/jamesbakercpa Wise - this is not a bank but is a useful way to get paid and pay other people sign up with my link to get free transfers up to $500.. the account is free to open but there are small fees to open different currency accounts https://wise.com/invite/ahpc/jamesb2812 Stripe - if you are selling anything I would first try stripe.com for payment processing. I don't have a special link for them. Let me know if there are other accounts you may be interested in, how this goes for you and which you prefer!
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What are you struggling with right now?
I have clients in every niche who are experts. I am exploring the idea of collaborating with them to create exclusive content for this group. Let me know here what would be most valuable for you right now. Also look at other responses and give a like if you are interested in that too - as we'll be starting with the most popular topics
Free Website Opportunity
Hello fellow business owners, just wanted to put y’all on real quick. My web designer is hooking people up with FREE website design or revamp work. To develop his portfolio with your reviews and recommendations . No catch, i felt like i should share to people who might be needing, just showing love because we’re all growing together in here. If your site needs a makeover or you’ve been meaning to get one started, now’s the time. Just comment “I’m in need” and I’ll send you the details. Let’s grow together 🚀
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Foreign owner of US SMLLC starting Amazon FBA — ECI? Would a partnership be better?
Hey all, thanks James and team for accepting me. I started a Wyoming SMLLC to sell private-label products on Amazon. The Amazon tax interview got me second-guessing everything. After bingeing YouTube, I’ve heard it all: “non-resident sellers pay no U.S. tax” vs “you’re taxed like any U.S. business,” plus “SMLLC is best” vs “go partnership for Amazon. I am Looking for informed, practical guidance Facts (bullet-proofing my situation): - Owner/Residency: I’m an individual non-US person residing in a non-treaty country. - Entity: US single-member LLC (Wyoming). Disregarded by default. - Business model: Amazon FBA (US marketplace) selling physical goods to US customers. Inventory will be stored in Amazon’s US fulfillment centers (multi-state). - Operations: Product design/supplier relationships, listing management, ad spend decisions, etc. are done outside the US. No US employees/contractors. No US office. Questions I’d love expert input on: - ECI determination: With inventory in US FBA warehouses and sales to US customers, is ECI basically a given for a foreign individual running FBA, even if all managerial functions happen offshore? - Best company structure : - 1) Stay SMLLC (disregarded) - 2) Partnership (add spouse or foreign company) - 3) C-corp election
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Global Business Growth Club
skool.com/global-business-growth-club-7119
The Global Business Growth Club was created to be a space for entrepreneurs from all over the world, to collaborate and grow their businesses.
Leaderboard (30-day)
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