Hi There! Any help would be much appreciated.
I'm an Australian Resident. I have a US EIN and a registered USA LLC (I am the single member, 100% owner) within the USA, alongside a US bank account. I have a US PO box, my registered agent has an address with my LLC, I have a US phone number created. My products are manufactured by a US printer in Minnesota and shipped within the USA using 3PL warehousing, so I have a strong operational presence.
I do not have a SSN.
In my Shopify store, I am being paid in USD, because most (nearly all) of my customers are from the USA.
Because I don't have an SNN I'm unable to:
- Be paid out to my USA bank account with shopify payments
- Get paid out in USD to an Australian foreign currency account in shopify payments
I have investigated other payment gateways and can't find any that suit my small business with good reviews - they are made for businesses earning in the millions not small businesses or they can't help me.
Being paid in AUD will be a HUGE problem for any type of US sales receipts. Exchange rates, conversion fees will be a massive hinderance. Figuring out my US tax will be a nightmare if I can't be paid in USD.
I haven't been able to find a solution - my accountants are unsure as well (if you have an accountant that's an expert in this area please let me know)
Any help would be appreciated.