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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 […]

March 1 Deadline for filing Delaware Annual Reports for Corporations March 1 is the annual deadline for filing corporation annual reports and paying the franchise tax. Due Date and Late Penalties Corporation Annual Reports are due March 1st. Late reports will result in the Delaware Division of Corporations assessing a $100 penalty in addition to […]

For a foreign national looking to set up a business in the US, the choices of business entity to use look very confusing. Most of the free information about US companies is designed for US residents, and does not take into account the needs of non-residents. In general, however …

Don’t take this wrong; most people are lazy in some way while they focus on more important things like family, friends, TV, movies, tweeting, Facebooking, or even working on their business. Lazy people don’t like to keep minutes, hold meetings, and generally follow many formalities. Who can blame them? Limited Liability Companies (LLCs) are perfect for […]