These days, many emerging businesses find themselves doing business abroad. Technology has drastically changed the traditional business model, enabling even a small business to operate globally. Many companies often ask whether they should operate through their existing U.S. business (i.e., operate as an incorporated “branch”) or operate through a separate organized foreign entity.
Quite often, we see many business owners set up an elaborate foreign-based structure that is ultimately unnecessary and, in the end, will not accomplish the tax objectives promised. For example, setting up a company offshore with no substance (i.e., employees working abroad, physical location, and local officers responsible …read more
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