Thursday, October 15, 2026

Caustion before starting a company in wyoming, usa from india

 I went through doola.com, an indian start up in usa which automates most of the coporation/business/llc formatioin with many states in usa. wyoming in its formation document does not mention the line of business, they just say 'any legal business'. When you want to transfer money from your own account from india, this falls under ODI to fund your startup in usa. without the actual line of business mentioned, govt/banks wont let you send money. So, I had to get a CA certificate to satisfy the bank/govt red tape stating that the line of business is computer & software development. Then I have to provide it to the bank to send my own money in india to my own business in usa.

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Caustion before starting a company in wyoming, usa from india

 I went through doola.com, an indian start up in usa which automates most of the coporation/business/llc formatioin with many states in usa....