I am a Saudi citizen and I got accepted into Stripe's Atlas
Hi,I am a Saudi citizen and I got accepted into Stripe's Atlas program (https://stripe.com/docs/atlas) where any foreign entrepreneur can incorporate through the program (Delaware C Corporation) and get a business bank account among other services.The company I am planning to incorporate is an online/e-commerce/transitional business serving mostly clients in the MENA region.After doing some research, I found out about things such as double-taxation (there is no tax treaty between US/Saudi Arabia) and tax withhold and I wanted to get your help deciding:- Is this company structure (C Corp) appropriate for my case or would it just have to pay more tax?- Would there be any risk of tax expanding to include having to pay taxes on my current salary as an employee in Saudi Arabia?- Would the safer bit be trying to open a business bank account myself in the U.S.? I already incorporated an LLC in DE in Dec 2015 but I had no chance to come to the US to attempt to open a business bank account yet.- Any other recommendations?Thanks!
What form of structure would protect two individuals from
what form of structure would protect two individuals from liability for owning a boat slip. The entity will have no income.JA: What state is this in? And how old is the boat?Customer: no boat just the dock/hoist. floridaJA: Has anything been filed or reported?Customer: noJA: Anything else you want the lawyer to know before I connect you?Customer: might buy a boat together down the road
One of my competitors with a larger market share and very
One of my competitors with a larger market share and very high purchase volumes has asked several of my manufacturers with whom I have done business with for many years - not to make products for my company with the implication that a particular manufacture may lose my competitors business if the manufacturer continues to make products for my company. Is this illegal, and if so, is covered under the Sherman Act, Clayton, both, or other federal laws?JA: What state are you in? It matters because laws vary by location.Customer: Pennsylvania is where my compamy is located and the competitor is located in Washington, D.C. It is a non-profit association acting like an out-of-control for profit. My firms are an LLC and a C Corporation.JA: Has anything been filed or reported?Customer: I have letters from manufacturers who are essentially afraid they will lose the business of our competitor who orders, for example, 800.000 units compared, say, with 5,000 units of our products, different in design but in the same business fieldJA: Anything else you want the lawyer to know before I connect you?Customer: Yes, the other company has attempted to coerce us with threating legal communications and false accusations - we respond directly to their councels and they slink away for a while and nothing happens - then they start up again - this company is very closely associated with the White House but a private company 401c. We are the original U.S. Secret Service Fund White House Gift Shop, Est. 1946 at www.whitehousegiftshop.com I funded the USSS officers in their fund for many years. When they could no longer operate the business, their board transferred ownership and successor rights to my company. I also hold U.S. trademarks to the names White House Gift Shop and White House Gift Shop, Est. 1946. The other company is White House Historical Association. I am Anthony Giannini - marks can be checked at USTPO in TESS simple search.
If I elect to have my LLC taxed as a Corporation through the
If I elect to have my LLC taxed as a Corporation through the IRS, does anything change with the governance? Are we still members, based on membership percent, that do not have authorized stock to allocate? Do owners now have to take dividends instead of draws, though? Does anything else change except taxes, given dividends instead of draws seems to be a governance issue? Thanks!
This is a question from my friend whose EB1 card was
This is a question from my friend whose EB1 green card was approved, and he has worked for a company 1+years after GC was approved:If he wants to set up a company to protect his personal asset separately from a business, what type of company should he start with? He is juststarting out so a small one will do.Thank you. Guillermo!
I have a S corporation based out of Philadelphia, PA. We
I have a S corporation based out of Philadelphia, PA. We were a C Corporation. Our taxes are high. Where can I investigate without talking to my accountant about firming us as a Delaware corporation to save on taxes. One of my retail stores is within 1 mile of PA/Delaware border; if I need to establish it makes sense.
I have already submitted a question here for an immigration
I have already submitted a question here for an immigration lawyer, and now I require assistance to decide the best route for setting up a legal trading entity in the USA.I am an English citizen, based in Chicago, IL, currently on an F2 visa. My wife is an Egyptian citizen on an F1 visa, in the 5th year of her Economics PhD. My father in-law (who is also an Egyptian citizen, living in Bahrain, which is also his country of residence) & I, run a business together in Bahrain, importing & exporting dietary supplements. We typically import from Germany and export to the Middle East and the USA.We have two registered business entities at the moment:1. We have an WLL license in Bahrain, which is the equivalent of an LLC in the USA. The license is currently under the name of our local Bahraini sponsor and does NOT include either mine or my father in-law's (Khaled's) name. This is common practice in Bahrain, where only local Bahraini's can start businesses. We have a side contract with her, which states that we own & run the business. We use this license for almost all of our trading activities, which include I) Selling our products retail online on our own Websites, II) Selling on Amazon, eBay and other channels online III) Selling wholesale to various customers in Bahrain and GCC.2. We a private limited company (Ltd) established in the United Kingdom under my name, since I am a British citizen. I am 100% under of this company.Moving forward, our business will be expanding in two key ways:1. The volume of products which we will be exporting to the USA will increase. In order import into the US to date, our freight forwarding company acts as the IOR (Importer on Record) on our behalf. Once the goods arrive, we ship them to Amazon's warehouse for sale on Amazon. Our Amazon account is based on our Bahraini trade license, as mentioned above. We can of course import goods directly ourselves, if we were to have an EIN.2. We will begin to manufacture our own products in Germany. We will also be looking to import these in large quantities into the US and look to set-up distribution channels in the USA. This obviously comes with insurance and legal ramifications, which we would need to address.In a previous answer to a similar question (from an immigration lawyer), we have found out that immigration regulations do not prohibit anyone in our status from starting a company. But for myself to have any meaningful involvement in the day-to-day activities, I require a visa status that supports that. We have been told that the E-2 visa would be ideal for me personally, if I am to have any meaningful day-to-day involvement in the business, as currently, under an F2 visa, I am prohibited from working for the company. The suggestion of an L1 visa was also provided, since we already have established business entities outside of the US.We were also advised that since I am a British citizen I would need to be at least 50% owner, as a Treaty Investor. However, Egypt also appears on the list of countries for treaty investors, so perhaps we can divide the ownership, as we wish to. Currently Khaled is 70% owner, I am 30% owner (informally between us). We intend to keep this ratio, and make it legal and documented, if it's possible.So my broad question is – What is the most suitable route to take, given our circumstances? For example, is an LLC the right route. What state is the best to register in. Everyone seems to mention Delaware. We just need to weigh up our various options, to make sure we establish in the most suitable way given our circumstances and ultimately allow myself to work for the company in the US, once it's established.Many thanks,Nick
I need to know what kind of an action to be taken in terms
Hello ThereI need to know what kind of an action to be taken in terms of filings with secretary of state: The case scenario is as follows:Three people together formed a C corporation from Delaware state in August 2016. Three of them have elected a new Board of Director in Dec 2016 and the previous 3 directors resigned.
My s-corp was required to convert its tax status to a c-corp
My s-corp was required to convert its tax status to a c-corp (long story related to a legal battle with a partner). I want to return the status back to an s-corp. Is there a waiting period to convert it back, and if so, what is the time frame?