How Rho launched LLC formation on X

Rho now forms an LLC in any US state and starts the business account application in the same sitting. The October 16, 2026 release is for founders turning a side project, consultancy, agency, or online store into a company, including people still in a full-time job who are not raising venture capital. It follows Rho Incorporation's August launch of attorney-reviewed Delaware C-corps. Rho is a New York business banking platform founded in 2018 by Everett Cook and Alex Wheldon. An LLC costs $349 all in, covering the state filing fee and registered agent service for the first year. Approvals take about two to three business days, depending on the state. Rho files the company, prepares and submits the SS-4 for an EIN, and applies the formation documents to the account application. The account remains subject to approval, and funds cannot move until the EIN is issued and attached. At least one owner or officer must be based in the US, with a US operating address. After approval, invoicing, bill pay, cards, and expenses run with the new company. Rho is a fintech company, and checking and card services are provided by Webster Bank, a division of Santander Bank, N. A., and by Lead Bank, both FDIC members. A founder can get from a side project to a first invoice without filing in one place and then re-entering the same information at a bank.