Legal Question in Business Law in New Jersey
Opening branch office of Indian company in NJ
We wish to know the legalities involved in opening the branch office of an Indian manufacturer-exporter of home textiles. This company is already exporting to wholesellers in USA.
Now wants to have own branch office in New Jersey.
2 Answers from Attorneys
Re: Opening branch office of Indian company in NJ
You will want to set up a separate Limited Liability Company or Corporation in New Jersey to run the NJ business. This has the advantage of being a US based entity with US source income. Any profits could either remain in the US or be paid as management fees to the parent Indian company.
Please check my web site http://www.taxesq.com/ for more information about setting up a New Jersey company.
I hope this helps!
Ron Cappuccio
Re: Opening branch office of Indian company in NJ
There are no significant legal impediments to opening an office in New Jersey. There are advantages to creating a separate corporation or limited liability company as a vehicle for doing business here.
There are certain differences in the tax treatment of foreign investors and businesses that are owned by foreign entities. You will want to involve a lawyer or accountant who has experience in these areas before you make any important commmitments.
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