The
entity types that are available
for a non US residents are
mainly Delaware Corporation and
Delaware LLC (Initials for
Limited Liability Company).
Below are the features of each
entity type. If you are still
not sure which entity type to
choose, you can simple check the
first option: "Will
decide after consulting with
your Certified Public
Accountants" and we shall
discuss this issue with you,
explain the options and make
educated recommendations.
<Low
franchise tax (minimum is $50)
<Officer,
Director, and Shareholder could be the same
person and could be a non-U.S.-residents
<Personal
liability of Officers and Directors is limited
<No
Limits on where to keep Corporate books and
records
<No
minimum amount of capital is required
<Hostile
takeover laws are designed to protect
Shareholders
<Delaware
courts and legal system are well known for their
fair approach
<Dividends
to Shareholders are allowed
<Shareholders,
directors and/or committee members may act by
unanimous written consent in place of formal
meetings
<Different
kinds of Corporation may carry any lawful
business and more than one
<Corporation
may fix quorum of board of directors -- not less
than one-third of the whole board; two if only
two shareholders; one if only one shareholder
<Voting
trusts and voting agreements may be created
<Generally,
stockholder liability is limited to stock held
in the corporation
<Delaware
law includes Close Corporation provisions
<Name of any member of the LLC
does not have to be disclosed in the certificate
of formation
<Single
member LLC is allowed
<LLC
is not required to hold member meetings in the
state or anywhere else
<LLC
may deny voting rights to some members
<LLC
may indemnify members and managers
<LLC
may be managed by its members or by a manager
<
There is no income tax on LLC's income earned
out-of-state
No minimum capital is
required
<Neither
members nor managers need be US citizens
<Units
of the LLC ownership may be owned by
individuals, corporations or any other business
entity existing under either US or foreign law
<The
LLC can conduct any lawful business and more
than one
Next item
on the order form is the state
of Incorporation. Is Delaware
the only option?