We have already incorporated and has been a long and painfull process, but not as painfull as trying to open an account at Silicon Valley Bank. After some back and forth, they rejected our application saying:
I’ve just received your info from client support and my
apologies if no one replied to you sooner.
Unfortunately we won’t be an appropriate banking fit as
we don’t typically bank service providers. We maintain
a focus on venture backed companies and typically teams
that are local to our presence (based in Silicon
Valley, SF Bay Area, NYC, Boston, London).