Business Law

Ask a Business Lawyer. Get Business Law Questions Answered ASAP.

Ask a Lawyer,
Get an Answer ASAP!

Business Law
This answer was rated:

Hi, One of my associated in the United Kingdom wants to form

Hi, One of my associated in...
Hi,
One of my associated in the United Kingdom wants to form a wholly owned subsidiary of his company in the United States.what is the most convenient type of entity for him.He only has a mailing adress in the US.The company will be operating through agencies in Us and would not have any physical presence as such
Show More
Show Less
Ask Your Own Business Law Question
Answered in 2 minutes by:
7/6/2011
BizLawyerNate
BizLawyerNate, Attorney
Category: Business Law
Satisfied Customers: 10,686
Experience: 7 Years of Legal Experience Representing Small Business Owners
Verified

Thank you for your question and welcome to Just Answer.

 

The most convenient form would be an LLC. There is no prohibition regarding foreign ownership of an LLC (unlike a corporation) and it would give him the flexibility to operate it however he would like. The best states to form the LLC in would be New Hampshire, Nevada or Wyoming.

 

I will be happy to follow up with you if you have additional questions. In the meantime, please click ACCEPT so that I can get credit for answering your question. Of course, if you really liked what I could help you with, please consider a Bonus, too!

 

Thanks!

Nathan Moore

Ask Your Own Business Law Question
Customer reply replied 6 years ago
Thanks Once the LLC is formed how would the ownership be transfereed in the name of his Indian company.Also with how many members should he start the LLc.What is the implication of number of members?
There is a maximum (I'd have to look it up), but he can form it with one. He can simply write a document establishing ownership of the LLC. That is an internal document that does not need to be filed anywhere.
Ask Your Own Business Law Question
Customer reply replied 6 years ago
So can a foreighmn partenership own an llc?Would the membership be in the name of the foreighn partnership.Also can he form one without a physical Us adress?and how does he get an ein?Thanks

Yes, it can. It can be in the name of the foreign partnership, but that information does not have to be submitted to the state.

 

At least a virtual address will be needed, as well as a registered agent (there are dozens of such services online for under $100 per year).

 

Here is where you can apply for an FEIN from the IRS

Ask Your Own Business Law Question
Customer reply replied 6 years ago
Thanks just one last question I went to the fein link it says that if it is a single member llc thaen irs would treat it as non entity and a return in form 1040 would have to be filed.But the point here is that the llc would eventualyy be owned by a foreign corporation so how would the status be changed vis a vis IRS???
That doesn't affect anything. That's just how it treats the filing - it would be treated as a single "person" whoever owns it, not a partnership. That's all that means.
BizLawyerNate
BizLawyerNate, Attorney
Category: Business Law
Satisfied Customers: 10,686
Experience: 7 Years of Legal Experience Representing Small Business Owners
Verified
BizLawyerNate and 87 other Business Law Specialists are ready to help you
Ask your own question now
Ask BizLawyerNate Your Own Question
BizLawyerNate
BizLawyerNate
BizLawyerNate, Attorney
Category: Business Law
Satisfied Customers: 10,686
10,686 Satisfied Customers
Experience: 7 Years of Legal Experience Representing Small Business Owners

BizLawyerNate is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

< Previous | Next >

Meet the Experts:

Infolawyer

Infolawyer

Attorney

1,793 satisfied customers

Experienced lawyer

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

1,611 satisfied customers

Run my own successful business/contract law practice.

MShore Law

MShore Law

Attorney

1,233 satisfied customers

Drafted Negotiated and/or Reviewed Thousands of Commercial Agreements

RGMacEsq

RGMacEsq

Attorney

742 satisfied customers

Licensed Texas General Practice Attorney

Barrister

Barrister

Attorney

640 satisfied customers

17 years practicing attorney, JD, BA, MBA

Ely

Ely

Attorney

564 satisfied customers

Counselor at Law.

J.Hazelbaker

J.Hazelbaker

Attorney

393 satisfied customers

Experienced and trained in the area of business law.

< Previous | Next >

Related Business Law Questions
I formed an llc as a corporate entity along with two
I formed an llc as a corporate entity along with two partners. One of my partner's was name appears as the filing agent in the articles of organization and we never filed an operating agreement. The p… read more
lwpat
lwpat
Doctoral Degree
256 satisfied customers
I have newly obtained an EIN for an LLC that will be
I have newly obtained an EIN for an LLC that will be operating as a rental property in Alachua County (Gaineville, FL). Do I need to register that LLC anywhere within the state, county or city?Other i… read more
KJL LAW
KJL LAW
Juris Doctorate
1,618 satisfied customers
THe other member of a two member LLC abandoned the LLC
THe other member of a two member LLC abandoned the LLC leaving me with no financial data that is reliable and actually took some assets worth some $700+. I filed a small claims action but it has taken… read more
WiseOwl58
WiseOwl58
JD Honors Graduate
3,487 satisfied customers
I'm starting a automotive repair shop, should I form an LLC
I'm starting a automotive repair shop, should I form an LLC as a partnership or corporation? We will have 3 members, 96%, 2% and 2% and live in Missouri. … read more
Thelawman2
Thelawman2
Doctoral Degree
1,240 satisfied customers
Converting my llc business to a c corporation and looking
Converting my llc business to a c corporation and looking for a lawyer to sign the paperwork … read more
Richard - Bizlaw
Richard - Bizlaw
Juris Doctor
3,682 satisfied customers
What is the difference in Limited Liability Company (LLC)
What is the difference in Limited Liability Company (LLC) and Limited Liability Partnership (LLP)… read more
Roy Hadavi
Roy Hadavi
Attorney
Juris Doctorate
886 satisfied customers
What are the steps needed to file an LLC in the state of
What are the steps needed to file an LLC in the state of California? I'm trying to decide if it's simple enough or if I should use a service like LegalZoom.… read more
KJL LAW
KJL LAW
Juris Doctorate
1,618 satisfied customers
I need to convert my LLC to a domestick stock corporation or
Hello, I need to convert my LLC to a domestick stock corporation or domestic stock and agricultural cooperative corporation. I need help with the purpose statement. Also, what is the difference betwee… read more
Damien Bosco
Damien Bosco
2,990 satisfied customers
My S corporation is a member of an LLC which has other
My S corporation is a member of an LLC which has other members in it as well. Can my S corporation be the listed manager of the LLC in Illinois? All the members agree to having the S Corporation as th… read more
RGMacEsq
RGMacEsq
Attorney
Doctoral Degree
742 satisfied customers
We have bussiness corporate company, not LLC. Can child
We have bussiness corporate company, not LLC. Can child support take money from bussiness account which havw my partners name on as well? … read more
RGMacEsq
RGMacEsq
Attorney
Doctoral Degree
742 satisfied customers
I'm wondering if I can end a partnership LLC but still run
I'm wondering if I can end a partnership LLC but still run the business... I have 70% / other person has 30% and doesn't do anything. Plus the initial agreement was about one type of business, and I s… read more
Legal Expert Justin
Legal Expert Justin
Law Degree
178 satisfied customers
I am wondering about opening a subsidiary LLC to a C Corp in
I am wondering about opening a subsidiary LLC to a C Corp in California … read more
DrakeLAW
DrakeLAW
Juris Doctorate
831 satisfied customers
We registered a foreign corporation in California (for our
Hi,We registered a foreign corporation in California (for our Delaware C-Corp company) in May 2017.We have now decided to withdraw/surrender our foreign corporation in California as we will be dissolv… read more
Richard - Bizlaw
Richard - Bizlaw
Juris Doctor
3,682 satisfied customers
I had a 50/50 partnership LLC in Georgia and we have now
I had a 50/50 partnership LLC in Georgia and we have now sold the property. My partner rented the building from the LLC. When I received the last bank statement I noticed that he had failed to pay the… read more
RGMacEsq
RGMacEsq
Attorney
Doctoral Degree
742 satisfied customers
LLC taxed as an SCorp. Question, Corporate Binder (Charter)
LLC taxed as an SCorp. Question, Corporate Binder (Charter) should it contain LLC documents or S-Corp Documents? For example, LLC Kits contains Operating Agreement, Membership Certificates....Where as… read more
TaxAttorneytoHelp
TaxAttorneytoHelp
Owner
Doctoral Degree
2,542 satisfied customers
Foreign corporation and US citizen resident set up LLC as
Foreign corporation and US citizen resident set up LLC as partnership. Foreign corporation will invest in LLC. Can my foreign company be the owner and/or member of our US LLC ?… read more
LawGuy
LawGuy
Juris Doctor
123 satisfied customers
Llc or s-corporation? I am a sole proprietor, mainly selling
Llc or s-corporation?I am a sole proprietor, mainly selling used merchandise online less than $100 K annually.I am considering to increase sales, and change business entity to llc or s corporation in … read more
TaxAttorneytoHelp
TaxAttorneytoHelp
Owner
Doctoral Degree
2,542 satisfied customers
My question is regarding corporations/partnerships and
My question is regarding corporations/partnerships and verbal agreements. … read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
5,882 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x