INCORPORATION
OF DOMESTIC COMPANIES IN ALL 50 STATES
ICA on a day-to-day basis deals with the speedy incorporation, often
on a same day basis of companies in all 50 states in the United States.
There are three
main types of corporations that can be formed under state law in the
United States.
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CLOSE CORPORATION
This type of corporation is often well suited to the individual who
wants to start a company alone or with a small group of people, most
of who will participate in management, as well as stock ownership.
Although the laws governing Close Corporations vary from state to
state, stockholders under a Close Corporation can work effectively
like a partnership, without many of the formalities that are required
of General Corporations.
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GENERAL CORPORATION
This type of corporation is designed for the businessperson entering
into a corporate venture with plans to have more than 30 stockholders
or have large public stock offering.
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S CORPORATION
After the Tax Reform Act of 1986, the S Corporation became a highly
desirable entity for tax purposes. Essentially, the S Corporation
treats income as though the owners are "Partners". Corporate
losses are also passed through the corporation to its shareholders.
The State of Delaware
has been the most widely used state for incorporation of "Fortune
500" and owner-managed businesses because its corporate laws
are highly advanced and well tested.
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LIMITED LIABILITY COMPANIES
ICA incorporates Limited Liability Companies in all fifty United States
jurisdictions with the provision of full corporate services. Ready-made
"shelf" LLCs are available in Delaware. The establishment
of Limited Liability Partnerships is also available.
ICA believes the
Limited Liability Company offers businessperson a clear and in many
instances a superior alternative to corporations and partnerships
by combining the corporate advantage of limited personal liability
and the taxation advantage of all forms of partnership. It could ultimately
replace the general partnership, the limited partnership, joint ventures,
and the "S" Corporation. Also, it has definite advantages
over regular or close corporations with closely held stock.
International estate and tax planning for United States citizen's-
outbound investments
ICA provides professional
consultancy in the area of international tax and estate planning for
outbound investment by United States taxpayers. This form of planning
encompasses any type of investments offshore by either United States
individuals or businesses, whether that investment is active trading,
exporting, passive investments, the establishment of foreign branches
or subsidiaries, or buying and selling foreign property.
ICA, in conjunction
with experienced in-house legal counsel who have practiced for many
years in advising United States Citizens on the advantages and benefits
of offshore estate and international tax planning techniques are available
for consultation with our clients be they personal or corporate- who
are interested in establishing asset protection trusts or the establishment
of an offshore company for international trade or investment purposes,
offshore captive insurance companies or offshore banks.
ICA recognizes
that the rules, reporting requirements and regulations of the Internal
Revenue Code are very detailed and indeed complex, and we do not recommend
that a client proceed with this kind of planning on his/her own or
on advice of general practice professionals as estate and tax planning
is usually successfully structured by competent professionals with
years of experience in this area.
Foreign inward investment structuring into united state-inbound
investments
ICA's inward investment
team encompasses expertise in a wide variety of tax planning areas
for foreign persons conducting business in the United States where
foreign persons can take on various legal entities.
ICA has extensive
experience in this area of practice and invites you to contact us
for an initial opinion without charge or commitment prior to entering
into a potential acquisition in the USA. We agree all our fees prior
to the acceptance of any assignment.
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