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Important Change in How US Treats Foreign-Owned US LLCs Effective January 1, 2017, Limited Liability Companies (LLCs) formed in any state of the United States or the District of Columbia, which are wholly owned by foreign persons and do not elect to be treated as corporations for tax purposes, will become subject to new IRS […]

It is still too early after the US Presidential election to make firm predictions. It appears that even Donald Trump was surprised to win the election. There is great uncertainty about what future policies will be proposed, what policies will actually be adopted, what the composure of the future cabinet will be, and how well […]

Congratulations! You’ve set up your business in the United States and registered it in one of the 50 states. Now what? Here are the next steps for launching your business in the United States.. Getting a Tax ID number If it was not included in your formation package, and you intend to do any business […]

Credit is necessary for the operation of any business. Businesses need credit for a variety of purposes. Suppliers sell goods on credit. Credit is needed to take loans for large purchases like real estate, heavy equipment, vehicles, and manufacturing equipment. Revolving credit is used to manage business operation expenses and cover payroll. Credit doesn’t just […]