The only substantive issue here is that your proposed partner cannot be an active participant in the business, unless (1) all of that person's work is conducted outside of the USA, or (2) the person has the necessary immigration visa to work "in" the USA. If you have questions about what your proposed partner may need to do in order to obtain the necessary immigrations visa, please post a separate question to the justanswer.com immigration law category.
Assuming that the immigrations issue is no roadblock to your partnership formation, then please be aware that an LLC does not issue "stock." Corporations issue stock. An LLC simply has an operating agreement, and amendments thereto, under which a member's identity and interest in the LLC is stated.
Concerning formation of an LLC or producing articles of organization, operating agreement, and registering with the appropriate state agencies, there are several websites that can assist with the paperwork:
Please let me know if you have further questions.
Hope this helps.
There is no U.S. law prohibiting the transfer of money into the USA. Transfers of more than $10,000 must be reported to the IRS, but that is the only requirement, and if the transaction is done through a bank, then the bank will handle that issue entirely.
The only issue would be if the investor is from a foreign nation that is considered hostile to U.S. interests (Iran, North Korea, Cuba, etc.). Then, there could be an issue, but not if the money transfer is cash. Only where goods and services are transferred, do the terrorism laws start to kick in. Evidently, Uncle Sam believes it can track cash without difficulty.
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