I'm developer from Russia and I recently passed Steam Greenlight.
Now I'm stuck on the Valve program enrollment phase. From what I've seen in the Valve forms, it is not necessary to create a company, such as LLC, there is 'Sole proprietor' option here. So I decided to choose this.
The questions were easy, but then I bumped into two stoppers: information about my bank account and information related to taxes.
As for taxes, I think I understand what to do. I need to apply for EIN in IRS and then fill the form W-8BEN.
But bank account is the different beast. I cannot decide, which type of bank account to use. Will it be suffice to create simple bank account, like this you use in your everyday life? In which currency this account should be? In Russian roubles or in US dollars? Roubles are preferable to me, but it's not a problem to create USD bank account. I simply cannot decide which is better.
It will be great if some non-US (and maybe US too :) ) indie dev shared some knowledge about this. Again, my most important questions:
1) Are you using the 'Sole proprietor' option without creating any form of company? Is this indeed legal and acceptable?
2) Can you use ordinary bank account for the purpose of receiving payments from Valve? If yes, in which currency is this account of yours?
Please answer only if you are absolutely sure about it, e.g. you already using this scheme and received at least one payment from Valve.
Thanks in advance!