Domestic vacation rental listing site considering expanding to Canada. Curious what are the legal (and accounting) hurdles?

Great question, and you are wise to check into these issues up front. You've got a great opportunity to expand your business and reduce your...

In India, my mother lent me money to get a degree. Can I pay her back now both of us are in USA? Tax?

Key question: How much? You have lots of ways you could structure these repayments to reduce potential tax liability in the US (e.g., gift...

What is the best way to structure an LLC with multiple DBAs for a husband and wife in Washington State?

Despite LLC's huge popularity, I recommend using a corporation as a de facto holding or parent company in most instances. In most instances, the...

How to make a US based newly established company a subsidiary of a foreign company.

The good news is that this is a deceptively easy question to answer: shareholders return shares to company and board resolution issues all shares...

Is an officer of a US subsidiary of a foreign corporation an employee if he receives no compensation in any form from the US sub

Good question; great example of the value of a phone call and a whiteboard to analyze these kinds of situations! After trying to bullet out your...

Foreign Shareholder for LLC electing S-Corp Status - Is it Possible?

Just to clarify, an S-Corp status is for corporations, while LLC is not a corporation. An LLC has members as opposed to shareholders. Now, you...

Foreigner/s operating Bank accounts in USA subsidiaries

Not seeing any issues on the regulatory side. On the other hand, banks may have policies that are stricter than regulations.

We are Foreigner with No U.S. presence , Formed MI based LLC in 2005 , but never started Business. How should we close it ?

Too easy: you do not need an attorney to close it.

Firm with foreigner....best type?

We regularly advise budding multinationals on these issues. Your answer depends on many factors, including: - Where from abroad will you...

Are foreign personal holding companies subject to US tax?

Good question: not so complex after getting through some more details. I am going to guess that "closest to a C-corporation" means that this is...

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