Formpreneur is a US company formation service for non-resident founders that handles state filing, registered agent, operating agreement, EIN, and virtual address from a single dashboard.
What is Formpreneur?
Formpreneur is a web-based platform that lets non-US residents form a US LLC remotely. It takes your business and personal information and produces a legally formed company with an EIN, operating agreement, and business bank account access. The service is built for solo founders without a US Social Security Number or physical US address.
Key Features
- State Formation in Three States — Choose to form in New Mexico (included), Wyoming (+$66 one-time), or Florida (+$150 one-time).
- No SSN or Capital Required — No paid-in capital and no US Social Security Number needed; your registered agent provides a US address.
- EIN Application Support — Guidance to obtain an Employer Identification Number from the IRS, required for hiring and banking.
- US Bank Account Setup — Help opening a real US business bank account through a partner, with all required documents prepared.
- Document Vault & Compliance Reminders — All official mail and paperwork organized in one dashboard, with renewal reminders to avoid lapses.
- Operating Agreement Included — Drafted and ready to sign as part of the formation package.
Who is it for?
- Non-resident solo founders — Individuals outside the US who want a US LLC to access global payment tools like Stripe and PayPal.
- Indie makers and software developers — Solopreneurs building digital products who need a US legal entity for customer billing and investor relations.
- Remote business operators — Founders who don't have a US co-founder or US street address and need a fully remote formation process.
What can you do with Formpreneur?
- Form a US LLC in 5 steps — Submit company and owner information, then receive your formation documents, EIN, and bank account access through a guided dashboard.
- Get paid by US clients — Once formed, you can invoice clients, open a US bank account, and integrate with payment processors like Stripe.
- Stay compliant with minimal effort — Automatic renewal reminders and optional managed compliance for state annual reports and federal tax filings.
How does Formpreneur work?
The process has five steps: (1) submit company and owner information via the online dashboard, (2) Formpreneur files state paperwork in New Mexico, Wyoming, or Florida, (3) secure your EIN (2-3 weeks), (4) apply for a US business bank account through their partner (3-5 business days), (5) run your business with document vault and compliance reminders. Average total time: about one week for formation, plus 2-3 weeks for EIN.
Pricing
Formpreneur offers two plans: Starter at $329 one-time (first year) with $199/year renewal, and Managed at $699 one-time (first year) with $499/year renewal. All prices include New Mexico; Wyoming is +$66 and Florida is +$150 one-time (first year only).
FAQ
Why form a US LLC instead of in my home country?
A US LLC provides clearer access to global customers and payment tools like Stripe, with lighter bureaucracy than many local setups. You can run the company remotely and get paid without local banking restrictions.
Do non-residents pay US tax?
If you're not physically in the US, don't run a US trade or business, and structure your company correctly, your federal income tax bill can be $0. Formpreneur's Managed plan includes pro forma Form 1120 and Form 5472 when required.
Can I open a US bank account without traveling to the US?
Yes, Formpreneur helps you apply for a US business bank account through their partner, using your EIN letter and passport. The process takes 3-5 business days and does not require travel.
