Incblog for Entrepreneurs

Covering entrepreneurship and business start up questions for non-residents and US citizens.

 

Jan 04 2017

IRS Imposes Regulations on Foreign-Owned Single-Member LLCs

by John Gordon | 20:01 GMT

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 […]

 

Nov 09 2016

Trump Presidency: Effect on Foreigners Establishing US companies?

by John Gordon | 20:11 GMT

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 […]

 

Aug 29 2013

LLCs or Corporations: Which Is Better For Non-Residents?

by John Gordon | 23:08 GMT

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 …

 

Apr 29 2010

What is the liability protection of an LLC? How do you maintain and protect it?

by John Gordon | 07:04 GMT

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.