Why course platforms need a US Stripe account
Teachable, Thinkific, Kajabi, Podia, Skool, and almost every major course platform process payments through Stripe Connect. So your payout capability depends entirely on having a Stripe-supported country profile.
If you live in India, Pakistan, Bangladesh, most of South America (outside Brazil), or much of Southeast Asia, your Stripe options are limited. Many course creators get stuck with PayPal-only or local payment gateway setups that have higher fees and slower payouts.
A Wyoming LLC with a US Stripe account routes around all of this. Your course platform connects to your US Stripe. Stripe pays out to Mercury. You receive USD in a US business account. Total setup time: 3 to 4 weeks.
The course creator stack after formation
- Wyoming LLC formed under Title 17, Chapter 29 ($397, 24 hours)
- EIN via IRS Form SS-4 (8 to 10 business days)
- Mercury business bank for Stripe payouts
- Stripe US account opened with LLC + EIN + Mercury linkage
- Course platform (Teachable, Thinkific, Kajabi, etc.) registered to LLC and linked to US Stripe
- Optional: Quaderno or TaxJar for global sales tax tracking
- Form 5472 + pro forma 1120 filed annually ($99 add-on)
Course platform comparison for Wyoming LLC creators
| Platform | Stripe required? | Best for | Monthly fee |
|---|---|---|---|
| Teachable | Yes | Standalone course business | $39-$199/mo |
| Thinkific | Yes | Multi-course library | $0-$199/mo |
| Kajabi | Yes | All-in-one (courses + emails + funnel) | $149-$399/mo |
| Skool | Yes | Community + course combined | $99/mo flat |
| Podia | Yes | Simple course + memberships | $0-$99/mo |
| LearnWorlds | Yes | White-label academies | $24-$249/mo |
| Mighty Networks | Yes (Stripe) | Course + community + events | $41-$179/mo |
Tax treatment for course sales revenue
Course sales revenue from US students is generally not Effectively Connected Income for a non-resident pass-through LLC. Selling digital courses from outside the US, without US employees or US infrastructure of your own, typically does not create ECI.
So US federal income tax owed is typically zero. Form 5472 + pro forma 1120 is mandatory annually regardless. Gross course revenue goes on the pro forma 1120 cover, platform fees and Stripe fees deduct.
Sales tax on digital products varies by US state. Some states (Washington, Pennsylvania, Texas, Massachusetts) tax digital downloads and SaaS subscriptions. Use Quaderno, TaxJar, or your course platform's built-in tax tools to monitor state nexus once US sales scale up.
Running multiple course platforms under one LLC
Many creators we serve run multiple courses across multiple platforms. A flagship course on Kajabi. A free intro course on Skool. Templates and digital products on Podia. All can flow through one Wyoming LLC for clean bookkeeping.
Each platform updates billing info to the LLC and links to the same US Stripe account (or separate Stripe accounts under the same LLC if you prefer to track revenue per platform). Payouts consolidate into Mercury for one P&L.
Common course creator mistakes with Wyoming LLCs
- Opening the LLC but forgetting to set up the US Stripe account afterward
- Linking Teachable or Kajabi to a personal Stripe account instead of the LLC Stripe
- Filing W-8BEN (individual) instead of W-8BEN-E (entity) on Stripe's tax form
- Skipping Form 5472 because course revenue is recurring and small per sale ($25K penalty applies)
- Not deducting platform fees, Stripe fees, and production costs from LLC income
- Ignoring sales tax once US student volume crosses state nexus thresholds
- Running multiple courses under personal accounts instead of consolidating in the LLC
What is included for course creators at $397
- Wyoming LLC formation under Title 17, Chapter 29 within 24 hours
- Wyoming registered agent for year 1
- Custom operating agreement for solo or co-creator course operations
- EIN via IRS Form SS-4 (no SSN required)
- Direct introductions to Mercury, Relay, and Wise Business
- Document delivery as searchable PDFs
- WhatsApp and email support across NYC and Dhaka time zones
- Stripe US setup guidance with LLC + EIN + Mercury linkage