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Aug 13 • 16 tweets • 5 min read
How to Open a United State Bank Account and Credit Card as a Foreign Citizen

(without having a SSN or having to travel to the US)

Steps👇
Two Parts:

• First -> You need the US Bank account
• Second -> You can get a US credit card
Step #1: Open up Mercury Online Banking Account
Step #2: Get a US LLC

Can't skip this step, it's REQUIRED.
Pick a state without income.

I recommend Wyoming (no tax + business-friendly)

Many different services can help you do this, I recommend Buffalo Registered Agents.

Link -> bit.ly/3PRgVTH
Step #3: Get US Address via Registered Agent

Registered Agents = official contact person to receive legal docs who's located in the state.

Any service you file your LLC with will offer registered agent.

Buffalo offers for $49
Step #4: Get an EIN Number

You simply have to register your business (which you have via LLC) with the IRS.
Step #5: Enter LLC & EIN Info in Mercury Account
Step #6: Hook Up Any Payment Service to Mercury

• Amazon
• Shopify
• Stripe
• PayPal

Simply connect to Mercury and you'll be able to receive USD into other currencies.
Now you have a Bank Account✅

Time for a Credit Card. This one is easier.

Steps👇
Step #1: Find Credit Card that Does Note Require SSN

WalletHub always has a current active list.

Link -> bit.ly/3zf2Nh5
Step #2: Apply for Credit Card
Step #3: Have CC Sent to Registered Agent Address

You have this by now via the bank account steps.

***Can also just have card info sent to you online if you don't need physical card.
That's it, hope ya'll enjoyed!

1) To help share with others, please RT the first tweet⬆️

2) For more gems on eCom, Amazon FBA and marketing, follow @wishzen🔥
And if you're interested in learning how to create an Amazon FBA business that can replace your 9-5 in under 1 year, check out this free guide:
michaelwishko.gumroad.com/l/WKbtLh
If you want to start an Amazon Private Label business, @TheFBAInvestor
and I run a 12 Month Amazon Accelerator program.

That GUARANTEES your first $100k Sales within the program.

Final TWO August Spots

Book a call to apply👇
calendly.com/wishkoecommerc…
@TheFBAInvestor And head over to our Amazon FBA University YouTube channel.

Don’t forget to SUBCRIBE to the channel for weekly gems on the road to escaping the 9-5 with Amazon FBA
bit.ly/3d42dd3

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More from @wishzen

Michael Wishko Profile picture
Aug 12
How to Minimize Your Customer Returns on Amazon:
Product returns can truly kill your business.

• Eat into margin
• Create supply-chain nightmares
• Hurt your Amazon seller metrics

There's 5 ways I've lowered my return metrics👇
1) Avoid Clothing👚

Clothing has high return rates because sizing is so variable.

• Ppl order based on your size chart
• That size rarely fits snug

Amazon makes it more than easy to return so that's what they'll do next.
Read 11 tweets
Michael Wishko Profile picture
Aug 11
I quit the 9-5 within my first year selling on Amazon

Here's the steps so you can do the same👇
Growing up, you're told "if you're not having fun, you're not doing it right."

I started my career as a CPA and worked corporate accounting for 5 years.

In my job, I was having zero fun.

Further, I had a recurring thought of 'is this all there is?'.

That is enough for change.
Once I decided I was getting out of the 9-5, I considered:

• SEO (already doing)
• Copywriting (like to write)
• Sales (why not)

But FBA stood out for three reasons:

• Simplicity
• Targeting BUYERS (vs social media ads)
• Ability to sell business

Okay, the steps⬇️
Read 18 tweets
Michael Wishko Profile picture
Aug 10
How to Create an Amazon Storefront

Simple steps to expand your brand's reach on Amazon

[2022 Edition] Image
What is an Amazon Storefront?

Amazon Stores is a free tool for creating your own brand's catalog within Amazo.

In other words, it's Amazon's further encroachment on Shopify's model. Image
Benefits of Amazon Storefront

> Curated Brand Destination
> No Competitor Ads
> Non-templated Amazon homefront
Read 13 tweets
Michael Wishko Profile picture
Aug 9
How switching from an LLC to an S-Corporation can save you THOUSANDS yearly

And at what point you should switch👇
Quick Background:

I started my career as a CPA. Brutal industry.

Never going back...

BUT

Helps now ensure I don't pay the tax man anything more than the bare minimum.

And neither should you.

Alright, let's go⬇️
First, we need to understand why we would do this.

In an LLC, you pay Self-Employment tax, which is roughly 15.3%.

In an S-Corp, you do not.

To understand how this works, we need to know about Payroll.
Read 10 tweets
Michael Wishko Profile picture
Aug 7
Every Year Over Two Million Small Businesses Taxpayers Overpay Income Taxes

Here's the 13 biggest tax write offs to ensure you're not one of them:

~THREAD~
What can businesses write off?

Almost all business expenses that are incurred to operate a business.

The IRS allows you to write off business expenses that are ordinary and necessary to run your business.
1. Start-up and Organization Expense

Deduct up to $5k of of business start-up and $5k of organizational costs
Read 18 tweets
Michael Wishko Profile picture
Aug 6
5 Habits that I've adopted that increase my income each year:
1. Reading

Read too little = your focus is scatters

Read too much = you're wasting time learning instead of acting

BUT there's no other way to both Increase your knowledge + Train your focus at the same time better than reading.

There's no medium as powerful as books.
2. Acquire High Income Skills

Without the skill, you'll never be able to generate the income you desire.

Over the last 3 years I've learned:

- SEO
- Amazon FBA
- Email mktg
- High ticket closing
- Copywriting

You don't need a lot of skills.

But you NEED high income.
Read 14 tweets

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