Bank Account for Hish Risk Business IBC
I am going to start a website for escort directory. Apparently this is considered to be a high risk business and may bank are not willing to open an account for you. Do you know of any banks that are willing to open corporate account for this kind of business?
Only one company based in Dominica agreed to open a bank account in St. Vincent. I am not sure how reliable the banks are in St. Vincent. Any comments?
I will be incorporating an IBC in Dominica and use CCBill for the payment processing. CCBill said they don't have any problem with the bank account in St. Vincent. Any comments on this?
I don't understand why your back is reluctant to give you an ACCOUNT. Are you asking for a line of credit also?
A bank shouldn't really care if your business is "high" risk if all they are giving you is a bank account (savings or checking) that simple accrues interest. All they really care is that you keep the minimum balance and pay all associated fees.
If you are asking for a line of credit (loan, sub. loan, credit card, etc.) then I would suggest you simply use your own credit. Even and LLC won't protect you for a great amount of liability (and seriously, in an escort business, I'm sure there is plenty of liability).
Have you considered seeking private financing from a business owner in a similar field (adult video product, gentleman's clubs, bars, etc.)? They probably have sufficient cash flow and are use to a similar business.