Marketplace Verification

How to pass Stripe verification as an LLC

Stripe must verify your business under KYC/AML rules before it activates payouts. For an LLC, Stripe collects the legal entity name, EIN, business address, the representative's identity, and beneficial-owner details. Forming an LLC and getting an EIN is the standard 'Stripe Atlas alternative' path. You do the same steps Atlas automates, in the state of your choice.

Edmond Hui

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 Stripe requires from an LLC

  • Legal entity name. Your LLC's exact registered name as it appears on your formation document.
  • Employer Identification Number. Stripe requires the business EIN for US entities.
  • Business address. A US business address for the entity.
  • Representative & owner identity. Government ID and details for the account representative and any 25%+ beneficial owners.
  • Payout bank account. A US bank account to receive payouts.
Not legal advice: Requirements change. Confirm with Stripe. Reviewed 2026-07-21.

Stripe verification by state

Frequently Asked Questions