AFC International Account Types
AFC International offers several types of accounts for businesses looking to engage in importing goods into the U.S. The types of accounts available include:
- Corporation: A legal entity recognized by law, consisting of a group of people acting as a single unit.
- Limited Liability Company (LLC): A business structure where members are not personally liable for debts or liabilities.
- Limited Liability Partnership (LLP): A partnership where some partners have limited liabilities.
- Partnership: A business arrangement where two or more individuals share equal responsibility.
- Sole Proprietorship: A business owned and operated by a single individual, where the owner and the business are considered the same entity.
- Individual: A single person engaging in import activities.
AFC International Broker Account Opening Process
To open an account with AFC International, follow these steps:
- Fill Out a General Account Application:
- Provide basic information, including company name, address, social security number, federal tax ID, company type, and state of incorporation.
- Include accounts payable contact information.
- Complete a General Account Questionnaire:
- Disclose relationships with foreign shippers and sellers.
- Answer questions regarding assists to the manufacturer, invoice adjustments, commissions, and royalties.
- Sign a Customs Power of Attorney Document:
- Authorize AFC International to act on your behalf for customs brokerage decisions.
- Ensure the document is signed by an officer of the corporation or an individual with the proper authority.
AFC accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .