confused about llc and incorp
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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



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


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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.



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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.



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


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