Legal Question in Business Law in California
We are 6 partners that 4 of us are out of USA and they don't have green card for being in USA.we want to form a LLC company.
Can we form company with these situation?
We don't have any address for company.How can we form company with no address.
I sthere any lawyer or company that provide us address.
I do appreciate if you can help us.
3 Answers from Attorneys
Yes, foreigners can own a corporate entity such as an LLC in the United States. I can form the company and provide you an address, contact me directly.
It is not a problem. Foreign nationals can own a corporate entity such as an LLC in the United States. For assistance in forming the company and an address, contact me directly.
Non-resident aliens cannot, however, be stockholders in an "S" corporation (one that elects to be treated as a partnership for tax purposes, thus avoiding double taxation of income). For that reason, limited liability companies are favored when a non-resident alien will be a co-owner.
I might also point out that although LLCs do have two advantages - nonresident aliens can be owners, and they (LLCs) can elect to be taxed (favorably) as partnerships, having nonresident aliens as owners probably will result in some extra accounting and reporting requirements, so it would be wise for your LLC to have a good accountant who can research (or already knows about) the special tax-reporting requirements where there is overseas ownership.
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