ask incorporationquestion:
our sponsors:
helpful links:
Non-US partner
Hi! I have a green card and wanted to start a business in USA. One of my friends who lives aborad wanted to be my partner/investor. My question is what will be his status?
Dear Ramish,
If you form an LLC your friend will become a member of that LLC just as you would, and if its corporation then he will be listed as a shareholder of this corporation. Foreigners are only restricted from being shareholders of S-Corporations, other than that there should be no problem.
From immigration point of view (if that is your question) your friend would have little if no advantage being either member or shareholder of this company. You might want to consult an immigration attorney to see if there is a way for your friend to benefit from ownership of shares or member interest in a US company.
Good luck with your business,
Robert Kowalski @
IncorporationAnswers.org
My Google+
Need help forming a company? Visit us now!
rate this answer:
related questions:
- Hiring non us citizen relative for new company
- Which is good Indiana / Wyoming / Nevada for Inc. ?
- Best Place To Register/Form My Internet Company From Abroad
- Turkish citizen forming LLC in Maine
- S corp and C corp, how to differentiate?
See all questions from Starting New Business - Foreign Citizens Starting US Companies
leave your comment:
disclaimer:
This post has been written for educational purposes only and was not meant to be legal advice and should not be construed as legal advice or be relied upon. The post may contain errors, inaccuracies and/or omissions. You should always consult an attorney admitted to practice in your jurisdiction for specific advice. This post may be deemed as Attorney Advertising. IncorporationAnswers.org do not assume any responsibility for harm or damage resulting from the use of this information in any way. For more information please see our Terms of Service.
