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The LLC is a creature based on
relevant state law.
In general, as in various US states, the local law must be satisfied.
Simply holding
out as an LLC from US state A does not by itself shield in
other states or foreign countries.
For example, an LLC organized in US state A may, under various terms,
register in other states as a foreign LLC. Such registration
typically brings the LLC under the other state LLC protection, as far
as applicable.
Foreign (non US) corporations from certain countries may be taxed in
the US as a per se
corporation. but that still does not grant corporate immunity to the
non US corporation. Such immunity can only be achieved through
applicable state law.
In order to a US Limited Liability Company to have liability
protection, it must be separately registered in the foreign
county. Nevertheless, the foreign country does not have
to recognize a US LLC for either liability or
tax purposes, although a few have procedures to go through to
recognize them.
Corporations are more widely recognized than LLCs and are usually taxed
as a separate entity.
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Multinational Business
Negotiations
Subject: How do I go about to introduce income generating companies for
his consideration?
Question: I know an entrepreneur in my country who buys
controlling stake in companies that generate income. He is the second
richest man in my country. How do I go about to introduce
income generating companies for his consideration?
Answer: First, ask him if you find a good prospective investment, would
he be interested in you presenting it? This gets you permission to
discuss the matter and starts to have him become invested in your
activities. If he agrees, once you find a potential investment, have
your lawyer prepare an agreement with the Seller/Company to protect any
fees or commissions you might make. You definitely need legal advice to
comply with the appropriate brokerage and securities laws.
I hope this is a good start!
Ron Cappuccio
Call me
at (856)
665-2121 today!
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