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I'd want to enforce a board of directors regardless of it being an LLC, I'd be incorporating but from what I've read a minor can't form a corporation. I am from overseas but I will file under one of the many services that file for you and have virtual addresses and etc. Sort of... View More 
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answered on Aug 13, 2024
It's wonderful to see your entrepreneurial spirit at such a young age! The concerns you're raising are very important, and you're wise to think them through carefully.
There is no law in the State of Delaware against a minor forming an LLC. Also, the general rule in the U.S.... View More
Dear Lawyers,
I would like to create an operational agreement for my LLC. At the moment, I'm an F-1 international student, so I would like to know if you could help me do this. We create websites. In summary, I (founder) and another co-founder (F-1 student as well) are not going to... View More
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answered on Jul 30, 2024
To ensure your LLC is set up correctly and complies with all applicable laws, it's highly recommended to retain an experienced attorney. As F-1 international students, there are specific immigration laws to consider. Direct participation in the operations of the LLC might violate your visa... View More
E.g Delaware often mentioned as an offshore location and a business friendly state. Can I avoid being double taxed somehow (legally)? I would gladly pay taxes in the US. If i can't find a solution soon, i have to find another english market, unfortunately.
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answered on Mar 8, 2024
Starting a business in the US from a country without a double taxation treaty can indeed present challenges, but there are legal pathways to minimize the impact of being taxed in both jurisdictions. Delaware is a popular choice for international business owners due to its business-friendly laws,... View More
A website gives discount for each one who use an invite code. I opened more than one account to get this discount every time I purchased from them. I used different cards, name and shipping address on every time I purchased. Can they judge me or charge my card if they know that it's one who... View More
I cofounded a S corporation in Delaware a few months ago and left the company as the board member and employee after a couple of months due to disputes with my partner. I still kept the shares (50%) because I was not compensated for the work I did. The company was a start-up and did not have any... View More
answered on Feb 19, 2020
Depends on what's in the operating agreement/by-laws. What was the underlying entity that was S-elected? S-corps cannot be created at the state level, you have to have a registered entity upon which to elect S status. The IRS will use the entity law to determine owner liability and... View More
In 2015, friends and I started a business. We allocated shares, and set up a vesting schedule. In 2016, we decided to allow the business license (Delaware) to lapse and operate with funds from an existing LLC business I own, however, the other partners do not benefit from the LLC business.... View More
answered on Aug 14, 2017
More information is needed to give you more detailed advice, but you have two basic options, revive the DE entity and sell the business or document the transfer of the business to the LLC and have it sell the business. The devil will be in the details. I would recommend you sell the assets of the... View More
What would be the consequences for failure to give such notice?
answered on Nov 2, 2016
This is entirely a question of DE law. Call a DE lawyer.
I have an online ecommerce store which sells products worldwide, with US, UK and India being the core market. I'm based in India but I want to register my business in Delaware or Nevada. Plus, I have multiple businesses (with different brand names) as well which I would want under a single... View More
answered on Aug 29, 2015
It depends what your goals are. The franchise taxes in DE can be expensive. WY may be an option to consider as well. A business lawyer can advise based on your specific circumstances.
Please Take Notice: I am not your lawyer unless we enter into an engagement agreement in writing. This... View More
Can non-Americans, residing in their own country, start a company (incorporate) in the US and operate a business (without having to come to the US)?
answered on Aug 11, 2015
In some situations, this may be possible. Best to consult with a lawyer about your specific situation.
Please Take Notice: I am not your lawyer unless we enter into an engagement agreement in writing. This is general information that is given for legal education only. It is not legal... View More
I recently registered a single member Delaware LLC and have a EIN for it. I do not live in the USA and therefore have no SSN/ITIN.
The purpose of the LLC is to process orders more efficiently for our USA clients.
After registering the LLC (through a document filing service that also... View More
answered on Apr 17, 2014
You should be able to open a bank account in the U.S. without actually coming to the U.S. You say you do not have an ITIN. Why not? It is not difficult to obtain. You will need that so the bank can identify you. The IRS website has instructions for obtaining an ITIN.
If a uk company wanted to have dealings inside the united states how would that company incorporate within the us boarders
answered on Mar 14, 2014
Choose a State to incorporate in, and then find an attorney with expertise in that area.
I live in delaware and will do business in delaware. Can I do a llc? I also will have a partner and the money we put in the business will be equal so we will have equal say. We get along well and have went through some possible disagreements that would come up in the business to see where we stand... View More
answered on Jan 10, 2013
Yes, you can form an LLC. You should have an operating agreement prepared by an attorney. This agreement will protect both of you down the road in the event of disagreements, and if one of you chooses to leave and you do not agree on the value of his ownership interest, the agreement will state how... View More
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