An LLC (limited liability company) is a US business structure that gives its owners limited liability — separating personal assets from business debts — while passing profits through to the owners' personal tax returns by default. It is the most common entity for solo and bootstrapped founders.
How an LLC works
An LLC is formed at the state level, not federally.
You register with a state's Secretary of State, name a registered agent, and the company becomes its own legal person — it can sign contracts, hold a bank account, and shield your personal assets. By default the IRS does not tax the LLC itself: a single-owner LLC is a disregarded entity whose income flows to the owner's return, and a multi-owner LLC is taxed as a partnership. An LLC can also elect corporate tax treatment if that ever makes sense.
Why it matters for a global or India-based founder
A US LLC is the simplest way for a non-US founder to bill American clients and get paid in USD or USDC.
A Wyoming LLC costs roughly $299–$399 all-in per year to keep compliant — cheap relative to a C-Corp.
You do not need a US Social Security Number to form one or to get its EIN.
A foreign-owned single-member LLC must file Form 5472 with a pro forma 1120 every year, even with $0 activity — the penalty for missing it is $25,000 per form.
Indian owners off-ramping USDC to INR should use proper RBI purpose codes, not the grey-area direct-wallet route — see the FEMA and RBI rules.
Where it fits with StableCorp
A Wyoming LLC is StableCorp's default recommendation for solo and bootstrapped founders (a Delaware C-Corp is the VC-track choice). StableCorp runs the whole path: formation, EIN, a US bank account, then USD and USDC/USDT payments on compliant rails — with off-ramps to INR through proper purpose codes and a real paper trail. See how to receive USDC payments from US clients or pricing.
This is general information, not tax or legal advice.
Sources
IRS — Limited Liability Company (LLC) — https://www.irs.gov/businesses/small-businesses-self-employed/limited-liability-company-llc
IRS — Single Member Limited Liability Companies — https://www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-companies