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Partner in a US LLC

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  • X Offline
    X Offline
    xavier morera
    wrote on last edited by
    #1

    Hi, I have a product that we are about to start selling. My partner is a US resident, but I am not and I don't live in the US either. The question is: - Once the LLC is in place, what do I need to do to confirm that all is in working order? Also, anyone know what happens if you are a non resident and partner in an LLC?

    My new toy: www.cloudclipx.com -- If I have 8 hours to chop down a tree, I spend 6 sharpening my ax!

    RaviBeeR N J 3 Replies Last reply
    0
    • X xavier morera

      Hi, I have a product that we are about to start selling. My partner is a US resident, but I am not and I don't live in the US either. The question is: - Once the LLC is in place, what do I need to do to confirm that all is in working order? Also, anyone know what happens if you are a non resident and partner in an LLC?

      My new toy: www.cloudclipx.com -- If I have 8 hours to chop down a tree, I spend 6 sharpening my ax!

      RaviBeeR Offline
      RaviBeeR Offline
      RaviBee
      wrote on last edited by
      #2

      xavier morera wrote:

      Once the LLC is in place, what do I need to do to confirm that all is in working order?

      I strongly recommend speaking to a small business lawyer familiar with LLC regulations in the country in which the corporation is registered.  Also a tax attorney who can advise you on your tax liability. /ravi

      My new year resolution: 2048 x 1536 Home | Articles | My .NET bits | Freeware ravib(at)ravib(dot)com

      X 1 Reply Last reply
      0
      • X xavier morera

        Hi, I have a product that we are about to start selling. My partner is a US resident, but I am not and I don't live in the US either. The question is: - Once the LLC is in place, what do I need to do to confirm that all is in working order? Also, anyone know what happens if you are a non resident and partner in an LLC?

        My new toy: www.cloudclipx.com -- If I have 8 hours to chop down a tree, I spend 6 sharpening my ax!

        N Offline
        N Offline
        Not Active
        wrote on last edited by
        #3

        I second the motion. No offense to anyone here, but, you need to consult with someone more qualified to advise you of the legal issues than this rabble.


        Failure is not an option; it's the default selection.

        X L 2 Replies Last reply
        0
        • RaviBeeR RaviBee

          xavier morera wrote:

          Once the LLC is in place, what do I need to do to confirm that all is in working order?

          I strongly recommend speaking to a small business lawyer familiar with LLC regulations in the country in which the corporation is registered.  Also a tax attorney who can advise you on your tax liability. /ravi

          My new year resolution: 2048 x 1536 Home | Articles | My .NET bits | Freeware ravib(at)ravib(dot)com

          X Offline
          X Offline
          xavier morera
          wrote on last edited by
          #4

          Thanks Ravi. That is my intention but first I want to understand a bit more what questions I need to ask...

          My new toy: www.cloudclipx.com -- If I have 8 hours to chop down a tree, I spend 6 sharpening my ax!

          RaviBeeR 1 Reply Last reply
          0
          • N Not Active

            I second the motion. No offense to anyone here, but, you need to consult with someone more qualified to advise you of the legal issues than this rabble.


            Failure is not an option; it's the default selection.

            X Offline
            X Offline
            xavier morera
            wrote on last edited by
            #5

            Also true, but before going to the laywer I wanted a bit more information on what to actually ask him :)

            My new toy: www.cloudclipx.com -- If I have 8 hours to chop down a tree, I spend 6 sharpening my ax!

            N 1 Reply Last reply
            0
            • X xavier morera

              Thanks Ravi. That is my intention but first I want to understand a bit more what questions I need to ask...

              My new toy: www.cloudclipx.com -- If I have 8 hours to chop down a tree, I spend 6 sharpening my ax!

              RaviBeeR Offline
              RaviBeeR Offline
              RaviBee
              wrote on last edited by
              #6

              I found the Nolo Press[^] very helpful when I formed my company (in 1997).  But I also obtained professional advice from the SBA (Small Business Association). /ravi

              My new year resolution: 2048 x 1536 Home | Articles | My .NET bits | Freeware ravib(at)ravib(dot)com

              X 1 Reply Last reply
              0
              • X xavier morera

                Also true, but before going to the laywer I wanted a bit more information on what to actually ask him :)

                My new toy: www.cloudclipx.com -- If I have 8 hours to chop down a tree, I spend 6 sharpening my ax!

                N Offline
                N Offline
                Not Active
                wrote on last edited by
                #7

                Make sure they are qualified to practice in the state in which the LLC was formed


                Failure is not an option; it's the default selection.

                X 1 Reply Last reply
                0
                • N Not Active

                  Make sure they are qualified to practice in the state in which the LLC was formed


                  Failure is not an option; it's the default selection.

                  X Offline
                  X Offline
                  xavier morera
                  wrote on last edited by
                  #8

                  Yeap, it is in Georgia. I just got the name of a laywer. Calling him tomorrow.

                  My new toy: www.cloudclipx.com -- If I have 8 hours to chop down a tree, I spend 6 sharpening my ax!

                  1 Reply Last reply
                  0
                  • RaviBeeR RaviBee

                    I found the Nolo Press[^] very helpful when I formed my company (in 1997).  But I also obtained professional advice from the SBA (Small Business Association). /ravi

                    My new year resolution: 2048 x 1536 Home | Articles | My .NET bits | Freeware ravib(at)ravib(dot)com

                    X Offline
                    X Offline
                    xavier morera
                    wrote on last edited by
                    #9

                    Thanks for your advice. Having a call with a laywer tomorrow, but will also read this.

                    My new toy: www.cloudclipx.com -- If I have 8 hours to chop down a tree, I spend 6 sharpening my ax!

                    1 Reply Last reply
                    0
                    • X xavier morera

                      Hi, I have a product that we are about to start selling. My partner is a US resident, but I am not and I don't live in the US either. The question is: - Once the LLC is in place, what do I need to do to confirm that all is in working order? Also, anyone know what happens if you are a non resident and partner in an LLC?

                      My new toy: www.cloudclipx.com -- If I have 8 hours to chop down a tree, I spend 6 sharpening my ax!

                      J Offline
                      J Offline
                      Joe Woodbury
                      wrote on last edited by
                      #10

                      If I remember the law correctly, you are supposed to turn all of the profits over to me. I will keep them in a special bank account until a nice gentleman from Nigeria will help transfer them to you.

                      X 1 Reply Last reply
                      0
                      • J Joe Woodbury

                        If I remember the law correctly, you are supposed to turn all of the profits over to me. I will keep them in a special bank account until a nice gentleman from Nigeria will help transfer them to you.

                        X Offline
                        X Offline
                        xavier morera
                        wrote on last edited by
                        #11

                        Give me your routing number, SSN, pin number and I will proceed.

                        My new toy: www.cloudclipx.com -- If I have 8 hours to chop down a tree, I spend 6 sharpening my ax!

                        D 1 Reply Last reply
                        0
                        • N Not Active

                          I second the motion. No offense to anyone here, but, you need to consult with someone more qualified to advise you of the legal issues than this rabble.


                          Failure is not an option; it's the default selection.

                          L Offline
                          L Offline
                          Lost User
                          wrote on last edited by
                          #12

                          Mark Nischalke wrote:

                          this rabble

                          I might be rabble but at least I ain't no lawyer!

                          Why is common sense not common? Never argue with an idiot. They will drag you down to their level where they are an expert. Sometimes it takes a lot of work to be lazy Please stand in front of my pistol, smile and wait for the flash - JSOP 2012

                          1 Reply Last reply
                          0
                          • X xavier morera

                            Give me your routing number, SSN, pin number and I will proceed.

                            My new toy: www.cloudclipx.com -- If I have 8 hours to chop down a tree, I spend 6 sharpening my ax!

                            D Offline
                            D Offline
                            Dr Walt Fair PE
                            wrote on last edited by
                            #13

                            Well played, sir!

                            CQ de W5ALT

                            Walt Fair, Jr., P. E. Comport Computing Specializing in Technical Engineering Software

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