Important Requirements US Foreign-Owned US LLCs Effective since 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, are subject to certain IRS reporting requirements.  New […]

Around the country, due to the coronavirus threat many filing offices already have staff working remotely to process orders previously delivered.
Paper filings cannot be submitted when the offices are closed.

Do you worry that there is something important that you need to do but don’t know what it is? When setting up a company in a different country, you can be sure there are things that are required but not well publicized. Since most information available on the subject is meant for locals, they always […]

There is much literature praising the benefits of LLCs as a new business form for the small to medium-size business owner. LLCs are indeed an advantageous business model because, unlike corporations, profits and losses can pass directly through to the owner’s personal income tax return while the owner’s personal assets are shielded from liability. But this protection is not unlimited, and if the owners of an LLC do not take adequate precautions, they can find themselves facing a potential lawsuit without the benefit of having their personal assets protected from a judgment against the LLC.