OPEN U.S. COMPANY
If you are considering to expand your operations and create new business entities in the United States, you need to decide what type of business structure and which state’s tax laws will benefit your company the most. Some have general ideas on widely advertised states with all kind of special asset protection laws and tax breaks. Often such laws are being misunderstood, misinterpreted and misrepresented. Not being completely familiar with all the specifics of state tax rules may bring more troubles than benefits. Professional tax advise will help you to make the right choices and avoid a lot of potential costly mistakes.
Closing companies may also be a complicated process even if your company was inactive. Every state has different rules for closing process. You will need to file federal and state final tax returns, file several dissolution forms with the secretary of state, file some other complicated forms that may apply depending on your company’s structure and complexity of partnership or shareholder agreements, type of shares approved and issued, assets, liabilities, etc.
Paying attention to the details before you dive into your new venture, talk to professionals and you will save a lot of money in the long run.
We can help you with choosing the right state for your business entity that will benefit your business by saving on income, sales or property tax. We can help you with organizing your shareholder structure that will prevent you from paying potentially additional taxes derived from ownership percentage and relationships between sister-companies and shareholders. If you are serious about your business, it needs to be structured the right way from the beginning.
We are not lawyers, we are tax advisers. Our specialty is international business taxation. Anybody who conducts business internationally, has foreign partners or shareholders or owns a share in a foreign company, needs us. We are here to help!