Legal Question in Business Law in Nevada

Question concerning importing/exporting and incorporation

Given that I am an avid cigar aficionado and that I possess a strong entrepreneurial spirit, I have decided to form a Cigar company. This company will initially be simply a distributor of predominately Nicaraguan cigars and eventually become a producer of first-class, top-notch cigars. I am, however, uncertain as to whether to incorporate in Nicaragua, since I will eventually produce in that country, and form a subsidiary in the states (LLC or Corp), or vice-versa.

Additionally, I am well aware of the fact that I must obtain both an exporting and importing license, but have no idea how or where to obtain that information.

Finally, given that this product has received quite of bit of negative publicity as of late, is there anything germane to this industry that I should watch out for?


Asked on 1/22/05, 10:28 pm

2 Answers from Attorneys

James Smith James E. Smith Ltd.

Re: Question concerning importing/exporting and incorporation

You should form both an LLC in Nevada and incorporate in Nicaragua. As far as import/export these are federal licenses which you apply for through the Federal Trade Commission. You would also need a local business license.

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Answered on 1/23/05, 10:54 am
Joel Selik www.SelikLaw.com

Re: Question concerning importing/exporting and incorporation

There are many things to watch out for, for example is the market on the upswing or is at the end; will there be further restrictions on smoking (probably not many in Las Vegas in my opinion). As to the international aspects, I would recomend a good international business attorney and I can provide recomendations if you wish.

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Answered on 1/23/05, 11:44 am


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