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Old 08-06-2012, 09:45 PM
 
418 posts, read 948,271 times
Reputation: 122

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- I will like to open a LLC with 2 owners, 1 owner is a US resident and the other out of states, is it doable ?

- Can the ownership % differ between the two owners or they have to be 50% each ?

- what are other requirements ?

plz help, thanks
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Old 08-07-2012, 05:12 AM
 
Location: The Triad (NC)
31,179 posts, read 68,259,396 times
Reputation: 37033
Quote:
Originally Posted by phoenix_new View Post
I will like to open a LLC with 2 owners,
1 owner is a US resident and the other out of states, is it doable ?
plz help, thanks
Just about anything is doable if you're willing to contort yourself enough.
The questions to ask: is it advisable, prudent, appropriate

Find a really good business lawyer.
Then find another lawyer to check them.
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Old 08-07-2012, 09:10 AM
 
3,917 posts, read 7,709,471 times
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Hey Phoenix New, from some of your previous posts I have read, you live a few miles from me in Chandler. I would recommend seeing a CPA with your questions. I use Nathan Fish, who has an office on Gilbert and Ryan Roads. Although he didn't do anything with my LLC's, he is a good person to go to for advice. I have only been using his services for about 9 months though, my previous CPA was in the Biltmore area, and frankly I thought he was getting out of touch with the new tax laws, etc. so I decided to find a new one. Good luck, unfortunately I do not have the answers.
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Old 08-07-2012, 09:24 AM
 
28,900 posts, read 48,742,111 times
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The share of ownership can be any proportion you two choose. As far as one partner being outside the country, that's a different kettle of fish, one that can only be answered by a qualified professional. Not a bunch of knuckleheads on a message board.
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Old 08-18-2012, 02:48 AM
 
8 posts, read 14,319 times
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share of ownership can be any proportion you two choose. As far as one partner being outside the country, that's a different kettle of fish, one that can only be answered by a qualified professional. Not a bunch of knuckleheads on a message board.
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Old 08-21-2012, 11:54 AM
 
418 posts, read 948,271 times
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Do you think I will need a Business lawyer OR a CPA ?

Or is their something as both ?

Thanks for your suggestions
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Old 08-21-2012, 12:32 PM
 
Location: The Triad (NC)
31,179 posts, read 68,259,396 times
Reputation: 37033
Quote:
Originally Posted by phoenix_new View Post
Do you think I will need a Business lawyer OR a CPA ?
You need both.
Think of them as your board of directors.
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Old 08-24-2012, 09:20 PM
 
Location: Soon to be out West
32 posts, read 71,576 times
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From my understanding adults (as being defined as those over Eighteen Years of age) being of sound mind can typically serve as Managers, Members or Managing-Members of Limited Liability Companies regardless of their geographic location or nationality. (Provided, the principals are not inhabitants of countries which have been blacklisted by the United States of America such as the Islamic Republic of Iran or the Democratic People's Republic of Korea commonly referred to as "North Korea.")

It should also be noted that certain individuals be them criminals, drug runners or terrorists are also on the blacklist. Entities such as other Limited Liability Companies may also serve as Mangers, Members and/or Managing-Members of Limited Liability Companies.

My suggestion is to consult with a competent Lawyer in good standing where ever it is you seek to form a Limited Liability Company.
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