Frequently Asked Questions
Get answers to topics related to your business, such as business formation processes, taxes, reports, plan details, and much more!
Glossary
Business Formation
- Getting Started with Globalfy
- Requirements to open a company in the United States
- Can I start my business without my EIN number?
- What is the difference between Members and Partners in an LLC?
- What is the difference between Shareholders and Directors in a C-Corp?
- Can I use my company’s name on my website while it is still in the formation process?
- Can a company still in formation be registered as a partner in a new business?
Banking Services
- Banking recommendations for your business
- Guide to Mercury’s benefits and features for businesses
- How to open a business bank account with Mercury - Globalfy's banking partner?
- Guide to Lili's benefits and features for businesses
- How to open a business bank account with Lili - Globalfy's banking partner?
- Globalfy and Payoneer Partnership: New Opportunities for your Company!
- Why was my Mercury bank application rejected?
Bookkeeping
Company Documents
- Understanding Your Company Documents
- Understanding your EIN letter and SS4 form - FAQs
- Update on BOI reporting requirements
- What is the BE-13 survey?
- Where can I see the company registration documents with the name of the partners?
- I Need to Provide a “Proof of Address” or “Utility Bill” — What Are These Documents?
- What Is a Certificate of Good Standing?
- DBA Process
- When do I need a Business Permit?
Company Obligations
- Post-Formation Obligations of the Company: IRS and State
- Annual Report: What It Is and When to File It
- Does my company need to File Taxes this year?
- Individual Taxes: What they are, how they differ, and when you need an ITIN
- Hire Your Tax Season Package with Globalfy – 2025/2026
- Difference between Annual Report and Tax Return
Company Amendment
Company Dissolution
Globalfy Plans
Migration
Important Forms
- Guide to W‑9 and W‑8 forms for service providers
- IRS Form 1040 and Form 1040NR – Individual Tax Returns
- IRS Form 1065 and Forms 8804/8805 – Partnership Reporting
- IRS Form 1099-NEC – Reporting Nonemployee Compensation
- IRS Form 5472 – Overview for Foreign-Owned LLCs
- IRS Form SS-4 – Application for Employer Identification Number (EIN)
ITIN
Mailroom
Tax Services
Other Services
Other Questions
- Why does my stock already have a Par Value?
- How to clear cache and cookies in your Browser?
- Recommended U.S. Phone Services for Non-Residents
- How can I download my invoices on the Platform?
- Compliance Calendar: What it is and how to use it
- Request new platform access for a company member
- The First 100 Days: What to Do After Your Business Is Registered in the United States.
- Fulfillment in the United States: What It Is and How It Works
Registered Agent
Virtual Address
- Virtual Address: What it is and Why it matters
- How to update your Virtual Address in company records, EIN, and state filings
- Virtual Address vs Registered Agent: Which should I use?
- How to pick up or forward your mail from the Virtual Address
- Can my business use an address in a different state?
- Notarize your USPS Form 1583 with Globalfy