
Edmond Hui · Founder, MyStateLLC
Edmond Hui is a software engineer and serial entrepreneur based in New York who has founded multiple online businesses across e-commerce, media, and information publishing. Before transitioning into tech, he spent years as a commercial real estate professional closing deals totaling over 100,000 square feet, giving him firsthand experience with business formation and entity structuring. He built MyStateLLC to provide the free, state-specific LLC guidance he wished existed when forming his own companies.
What Payoneer requires from an LLC
- Business registration certificate. A Certificate of Registration, Certificate of Incorporation, business license, or equivalent state formation document confirming the LLC is validly formed.
- IRS EIN document. An IRS document including the Employer Identification Number (EIN), such as a CP575 or SS-4 confirmation. The business name on the EIN document must match your Payoneer account.
- Beneficial owner identity (25%+ owners). Government-issued photo ID (passport, national ID, or driver's license) for each beneficial owner holding 25% or more of the LLC, plus ownership structure documents.
- Business address proof. A recent utility bill (within 3 months), bank statement, or company verification document displaying the company name and registered address.
- Consistent business name across all documents. The company name must match across your registration documents, EIN letter, and Payoneer account. Discrepancies trigger additional review.