Question
I have startup LLC partnership (3 owners) with one member who lives in The Netherlands. We need a bank (possibly an online bank), where the 3 of us can ALL be listed as owners, with a means for each of us to make deposits and withdraws. Our foreign member has an EIN to help, if necessary, as he does not have a US SSN.
We have found banks that will accept our foreign member as an owner, BUT they don't do international wire transfers.
Does such a financial institution exist?? Or, does anyone have any alternative ideas?
Answer
Hi. Well from the information you have submitted it would be wise to consider a European Based bank that specialises in project funding etc. There are quite a few reputed ones that do international funding etc. The other option would be online banks, however there are many disadvantages of this system (Online Banks) such as reliability, compliance with local regulations etc. Would like to advise you further with after obtaining more specific information.