American Company Registration
The following article discusses usage of American limited liability companies by foreign nationals wishing to conduct business in the United States.
Limited Liability Companies (also referred to by the acronym LLC) are a relatively new legal creation. In the past, those wishing to enjoy limited liability in most American jurisdictions were required to either incorporate or form some sort of limited partnership. The relatively recent legislative creation of the "Limited Liability Company" heralded the beginning of more widely available legal protections for those wishing to conduct business in the United States as well as the global community. That said, limited liability is not the only demonstrable benefit for Members of US LLCs.
For a foreign national, one of the major benefits of an American LLC is the usage of American banking institutions. American banks are considered some of the most reliable in the world and those banking in the United States can enjoy the many amenities that American banking has to offer such as: online banking, merchant account services, and corporate credit as well as debit cards. That said, those wishing to enjoy these benefits should explore all options prior to making irrevocable decisions. Consultation with an American attorney may be advisable as many foreign nationals make assumptions about the American legal system that could turn out to be costly as financial penalties for violations of American corporate law can be detrimental if all proper legal formalities are not adhered to during the incorporation and perpetuation of an American LLC.
American Immigration is another facet of US jurisprudence that could prove interesting to those foreign nationals with an eye toward establishing an LLC in the United States. In some cases, those conducting business in the United States of America can use their business activities as a basis for submitting an application for a US visa. An illustration of this possibility is the American B-1 visa. The B1 visa is an American non-immigrant visa that is often utilized by those wishing to travel to the United States for business purposes (ex: specialized corporate training, international staff meetings, team building meetings, etc). United States Immigration is a very complex area of American jurisprudence. Thus, those individuals wishing to apply for an American visa for purposes associated with activities connected to an American company would be wise to consult with a US Immigration lawyer prior to company registration in America as legal counsel might prove necessary to better ensure that a legal entity's projected activities comport with US Immigration regulations as well as substantive American law.
As the planet becomes "smaller," in an economic sense, incorporating a company in the United States, with or without limited liability; although limited liability is generally advisable, could prove rewarding for those individuals who wish to conduct business in the international arena.
About the Author
Benjamin Hart is a Member of the American Immigration Lawyers Association. He currently acts as the International Director of White & Hart Ltd. and Managing Director of Integrity Legal (Thailand) Co. Ltd. For more information please contact 1-877-231-7533, +66 (0)2-266-3698, or info@integrity-legal.com. See them on the world wide web at http://www.legal.co.th or http://www.uscompanyregistration.com
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