Applying to Mercury, need new advice and also for EMI for LLC

[jay12]

I had an old thread but didnt ask something important, im only apply now.
I have a few initiatives, a small SaaS being developed, agency b2b services and working as a B2B affiliate getting commissions and freelancer/consultant.
The initial income is likely to be the from the agency retainers and B2B commissions first.

Thing is would it be a problem to mention multiple businesses like this for my application or just focus on 1 and generally moving forward can my LLC and Mercury account function as an enttiy that manages multiple ventures and receives funds for different things?

I dont see why not but just want to check the best way to apply to Mercury, for example if I apply as the SaaS and I then start getting consulting/freelancer payment will there be a problem?
If i apply as consultant and start getting digital product sale income (planned later this year) from Stripe would that be an issue as it mismatches the original application or does it not matter what changes later in terms of income sources?

PS Now that I have my LLC are there any other EMI's recommended as the best now to use as an international account like Wise but for doing many transactional business, regular income,, expenses, cards etc, good for a digital nomad?
Airwallex right? What's best EMI account for an LLC or a non US or EU citizen, avail worldwide?

Thank you.

 

[Sols]

Don't merge several different businesses into one entity. That will⁤ create a lot of troubles in the future.

If you have three distinct business activities⁣ that you want to pursue at the same time, form three separate entities.

Yes, there will be problems︂ (eventually).

Yes, it will be an issue.

 

[doncash]

I don't think it would cause you a problem, they rarely ask for anything. But‌ you can just create another LLC, it's like $150 and you can have the two‍ businesses transactions separated and be "safer"

 

[jay12]

Great thank you. Just keep⁤ things clean and separate, makes sense.

 

[Forester]

Maybe a little bit late to the party; but if it is still worth:
You can find various suitable options for a US LLC in discussions here US neo-banks List‌ [For Non-Residents LLCs] and here Mercury, TryNovel, or something else?.
In addition:
I am‍ not sure whether Airwallex is mentioned there but it is really worth considering.
Especially for⁠ some use-cases, Bancoli can help as well.
You can try Levro, too.

 

[jay12]

Much appreciated

 

[Forester]

You are welcome.

 

[clemens]

Airwallex has shown to be stable for many members around here during the last 3‌ - 4 years. Not many complaints there have been with them.

 

[Alexmorgan]

How much figures can handle?

Mercury you can build your empire through it until⁠ you move to a real bank if its needed

Be note that there are a⁤ lot have a headache from some real banks in US

 

[clemens]

I have run 6 figures‌ sums only. Not the slightest problem in all these years.

 

[Alexmorgan]

Its Singapore EMI

It wont show any US banking account‍

 

[ilke]

False, they are a registered EMI in many places (LT, HK, AU, SG, US, NL).‍ You get local account details in many places with them, including the US at a⁠ real NY bank.

 

[Alexmorgan]

Interesting i will check them then