Watch Out for Virtual Office Addresses If Your LLC Is Foreign-Owned If you are a non-citizen who wants to establish a limited liability company (or LLC) in the United States, do you realize that a big U.S. bank can and likely will suddenly close your account if they discover that you are using a virtual office as your principal business address? There are some smaller U.S. banks that don’t care if your foreign-owned LLC has a virtual address. But large U.S. banks tend to require that foreign-owned LLCs have a physical business address - that is, a real office address or home office address - and will not accept anything less, including relatively expensive virtual office arrangements with companies like Regus. They apparently use a technology that periodically checks the business address you provide online. And if the bank determines that your address is virtual, you’ll be notified and, if corrective action isn’t taken, they’ll close your account. If you’d like assistance in establishing your own foreign-owned LLC properly in the U.S., use the link in my bio to schedule a consultation. And follow for more. #llc #llcformation #llcbankaccount #businesslawyer #virtualoffice #fyp