Starting a business with an Australian?

The4Aces · #1 05-02-2007, 09:07 AM

I want to start an internet based business with someone that is Australian. Does anyone know if there are any special procedures I need to go though when forming the LLC or corporation? Also what are the tax implications?

DcifrThs · #2 05-02-2007, 12:11 PM

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I want to start an internet based business with someone that is Australian. Does anyone know if there are any special procedures I need to go though when forming the LLC or corporation? Also what are the tax implications?

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are you saying you want to start a US business in australia? or an australian operating business in the US? or just starting a business with Wally the Bushwacking WonderAussie??

Barron

The4Aces · #3 05-02-2007, 12:13 PM

I want to start a business with an Australian (Bushwacking WonderAussie). like a american corporation/llc where an Australian would be a 50% shareholder/partner.

DcifrThs · #4 05-02-2007, 01:05 PM

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I want to start a business with an Australian (Bushwacking WonderAussie). like a american corporation/llc where an Australian would be a 50% shareholder/partner.

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so does he/she live in the US or australia? the working of the corporation in either case shouldn't change. think of it as a US based company with shareholders from wherever, the tax implications are on the individual shareholders. for instance, if you pay 100% dividends and reinvest no compnay earnings into the company, you'll get 50% and he/she'll get 50%. that 50% he/she gets is taxable i THINK by either the US, Australia, or both. that needs to be researched but i think thats the general idea.

Barron