Is it possible to share ownership of foreign subsidiary in the US?

Asked over 1 year ago - Astoria, NY

One foreign company would like to open a subsidiary in the US and they offered me to run it and 50% of ownership. I would like to check what is the best way to provide this?

Attorney answers (2)

  1. Jeffrey Mead Kurzon

    Contributor Level 9


    Lawyers agree

    Answered . Yes. This is possible. Assuming the foreign owner would like to operate through an LLC, you would need a well drafted LLC operating agreement to protect both of your rights. We handle this type of work, but so do many business attorneys in NY. Please feel free to contact us if you would like to discuss a possible representation.

    Please note that this answer is not intended to serve as legal advice for any purpose. All legal advice rendered... more
  2. Ian Edmund Scott

    Contributor Level 12

    Answered . Lots of ways to do this. Company could own 50% of the company and you could own 50%. Anyway you look at it you need some form of partnership agreement to spell out who gets what and what happens in various situations. Here is an article we wrote on business entities. We would be happy t help you.

    The content of this answer has been prepared by Scott Legal Services, P.C. for general informational purposes only.... more
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