Hi All,
The question, actually, in the subject - Can an LLP setup the US subsidiary?
Thanks in advance
Replies (13)
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If that’s the only information available to you, as the professional adviser, I’d err on the side of caution and say no.
Hi All,
The question, actually, in the subject - Can an LLP setup the US subsidiary?
Thanks in advance
'The' subsidiary?
What does your Accountant suggest?
The question, actually, in the subject.
Is it? If so, I for one don't know what you are asking. Are you speaking on behalf of an LLP advisor with a corporate client wanting a US sub?
Whatever...
"Can" => legal
Legal => wrong forum
Lots of 'it depends' and lots of assumptions necessary to begin to answer.
I'm assuming that you are asking about a UK LLP setting up a US limited company. But I suppose the subsid could be a local LLP. Or even some other legal form.
In USA, company registration is essentially a state-level competence, so the answer may depend on the state you choose.
Which state you should choose? That's another question and one that wasn't asked.
Lots of 'it depends' and lots of assumptions necessary to begin to answer.
Or information.
And, as David has pointed out on other threads, we shouldn't really have to guess what the question is. (Not that I can even guess at a question here that is suitable for ['answering' in] this forum.)
As far as I know, there is no UK legislation that would prevent a UK LLP from forming or owning a subsidiary. However the constitution of the LLP may impose restrictions.
No idea
But it definitely can own shares
Subsidiary as used on this forum usually refers to companies with shares owning other companies with shares
Ah, so does s1159(4) CA 2006 provide the answer?
Maybe this was the right forum after all? Except I think it's the US (or a state therein) that is probably the relevant jurisdiction here. (Though I still don't know what's being asked.)