I own a US based LLC that does business with clients in Canada. Can we operate with only a standard business accounts at a US bank or are there other requirements that we must meet?
Contact a bank that you'd like to do business with, explain the nature of your business, and find out if it can address your needs. We aren't aware of any special requirements for dealing with Canadian clients, but you should be prepared for delays in accessing funds deposited in the form of checks drawn on Canadian banks, unless U.S. dollar checks drawn on U.S. branches of those banks are used. You may decide that you'll need to receive payments electronically, in which case you'll need to assure yourself that your U.S. bank can readily receive wire transfers or other electronic payments originating in Canada.
There may be non-banking regulations that address doing business with Canadian clients. You should check with legal counsel for more information.
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