Can I set up a corporation or LLC if I live outside the United States?

There are many people outside of the United States who wish to establish U.S.-based corporations or LLCs. Business owners who live outside of the U.S. choose to do so because they have U.S. customers, or U.S.-based investments or property. They frequently want U.S. bank accounts as well, and need to accept or make payments in Read More

“Getting Things Done Through People Who Do Not Care” Series Part 2

“Getting Things Done Through People Who Do Not Care” Be unstoppable! You had it right when you were a baby, before the world taught you that persistence is pesky. Learn from a baby. A baby does not stop crying until her need is met. Is there a step by step process? Again, success is not Read More

“Getting Things Done Through People Who Do Not Care” Series Part 1

“Getting Things Done Through People Who Do Not Care” “The dark side puts up walls and has you believe that they are made of steel. In reality, they are made with paper mache”. –Colin Powell Think of the last time you achieved something significant. How did you do it? Do you remember the force you Read More

Stories from the bank: “Comfortable waiting”

“Johnny” founded an LLC. The LLC was to be an a.m. radio show that covered topics of music, nightlife, and the social scene in New York City. He was also planning an informational website in conjunction with the show with an e-commerce function that would sell promotional merchandise such as t-shirts, hats, key chains and Read More

Alternative Finance Series. Peer to Peer Lending, Part 2

Through peer-to-peer lending, you may be able to obtain funding for your startup. Generally speaking, it is hard to obtain start up loans from banks. At Triumph Business Services, we highly recommend forming a corporation or LLC prior to starting a business or seeking financing for a business. Such a legal structure for a business Read More

Stories from the bank: “Fraud. Women can’t ‘stand the heat'”

A “friend of a friend asking on behalf of another friend” asked me to help finance part of a building acquisition. “Michael” wanted the loan arranged through his representative, “Jay”. The amount requested was $1 million. With great flourish, Jay told me about Michael, who was requesting the money. I learned of Michael’s great wealth, Read More

Stories from the bank: “Your money can work HARDER than you do”

I had a conversation with a wealthy married couple who wanted to borrow money to renovate two houses for quick resale. They were both financially savvy, and the wife was a talented decorator. At first, they asked about a mortgage to do this, hoping to hold the mortgages for a short period of time and Read More