confused about llc and incorp
Return to Board  •  Menu  •  BottomPage 1
confused about llc and incorp
Posted by Tiger Attorney on 8/5 at 2:32 pm
I have an out of country client....they want to do an llc in delaware that they own to do business in texas....can a foreign company own this?

This not my area of knowledge

Reply  •  Back to Top
Posted by GreenTrout on 8/5 at 2:36 pm to Tiger Attorney
We seen you the first time big fella

Reply  •  Back to Top
Posted by Kingwood Tiger on 8/5 at 2:37 pm to Tiger Attorney
I believe they can, I would contact the Secretary of State office in Delaware.

Once they file, I believe they will also have to file with the state of Texas as a foreign entity doing business in the state.

Reply  •  Back to Top
Posted by Poodlebrain on 8/5 at 3:12 pm to Tiger Attorney
Foreigners can have ownership interests in U.S. businesses. In most states there is nothing to prevent direct ownership. I have set up several LLCs for real estate investors. There are usually no problems with formation of the entity. The complications come from complying with the tax laws, as there may be requirements to withhold income taxes from any distributions to foreign owners. You will have to get an individual taxpayer identification number (ITIN) for foreign owner(s). The rates of withholding will be dependent on any treaty agreements.

If you can form an entity in Delaware, and I'm not aware of any issues that would prevent it, then your Delaware entity can register with the Texas Secretary of State as a foreign business entity and conduct business in Texas.

Reply  •  Back to Top
Posted by Tiger Attorney on 8/5 at 11:39 pm to Poodlebrain
Thank you poodle and King

Reply  •  Back to Top  •  Refresh
Return to Board
Jump to Page   

           Page 1 of 1           


 Message Boards
 Tiger Rant
 Recruiting Board
 SEC Rant
 Saints Talk
 Pelicans Talk
 More Sports Board
 Soccer Board
 O-T Lounge
 Tech Board
 Outdoor Board
 Movie/TV Board
 Music Board
 Political Talk
 Money Talk
 Fark Board
 Gaming Board
 Fantasy Sports
 Food and Drink Board
 Ticket Exchange
 Help Board

 More Sports
 Sports Lite

 Other Options
 >> Search Links
 SEC Rant
 SEC Recruiting
 SEC Tickets
 Off-Topic Board Dining Guide
 New Orleans
 Baton Rouge

 Site Features
 Home Page
 Recruiting Tracker
 LSU Football Schedule
 Pick'em Home Page
Back to top
Sign In 
View in: Desktop
Copyright ©2015