Delaware LLC plus Stripe acceptance
How Delaware LLC structure improves Stripe approval rates for non-resident founders.
Definition
Stripe requires a US business entity for US Stripe accounts. Delaware LLC plus EIN plus US bank account significantly improves Stripe approval rates for non-resident founders compared to applying with foreign entities or personal status.
Context
Many founders cite Stripe access as the primary reason for Delaware LLC formation.
Example
A Bangladesh founder previously rejected for Stripe with personal status applies with Delaware LLC plus EIN plus Mercury account. Approval comes within 1-3 days.
Common pitfalls
- Country-of-residence still affects approval; some countries face additional review.
- High-risk industries (adult, crypto, gambling) face stricter underwriting regardless of LLC.
- Stripe Connect for marketplaces has additional requirements.