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Foreign corporation and US citizen resident set up LLC as…

Foreign corporation and US citizen...
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 ?
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Answered in 4 minutes by:
7/4/2017
Loren
Loren, Attorney
Category: Business Law
Satisfied Customers: 38,325
Experience: 30 years experience representing clients .
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Thank you for using JustAnswer. I am Loren, a licensed attorney for over 30 yrs, and I look forward to assisting you.

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A foreigner or foreign entity can be a member in a Pennsylvania LLC. There is no restriction on that.

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Customer reply replied 11 months ago
Can A foreigner or foreign entity invest in this LLC without being a member?

As a general rule, investment would make one a member. I am not aware of any other way to invest, other than by making a loan.

Loren
Loren, Attorney
Category: Business Law
Satisfied Customers: 38,325
Experience: 30 years experience representing clients .
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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.

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