I am not based in the United States, what is the best entity to use for the formation and operation of my business in the United States?
Choosing the best entity to own assets and/or operate any business, is typically dependent on the particular circumstances involved, such as the size and nature of the company’s business, and the number of owners or members and their respective rights and obligations. Although forming and properly maintaining either an LLC or a corporation can help protect you from liability with regard to the operation of the business, we find that many of our customers choose an LLC to operate their business. An LLC can offer more flexibility in how the owners can manage the company, and may not require some of the typical formalities of a corporation, such as annual meetings of stockholders. For example, the owners of the LLC can expressly set forth and/or limit the rights, powers and obligations of the LLC’s managers and members. Essentially, LLCs are contractual in nature, and therefore, the owners have broad “freedom of contract” in connection with how the entity will be managed and how profits w
