01-06-2010, 05:47 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Debb</i>
<br />We are concerned about Management types (Member managed or Manager managed or Other).
In our situation, there are two owners, that wants to operate and own business from outside of the USA. And one USA citizen who can manage and operate this business in USA, who is not actualy an owner and don't have part (shares) in business.
Which management type is better for us?
Two owners are members whith all contributions and one Operating Manager without contribution? And Member managed or Manager managed? Or other?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear Debb
You may form LLC, as foreign citizenship of owners is not an issue with LLC, but with Subchapter S corporation. However, if LLC is manager manage, then manager as an agent of LLC would have powers to bind LLC in daily activities or contracts of business. In that case, members (i.e. owners) would not have power to bind LLC.
You may also consider to form corporation, or LLP too, though you would have to consider pros and cons of both structures specially for tax effects.
I would suggest you to contact any local CPA in your area for more personalized and detailed review as per your requirements and to prepare necessary documents for registration.
I hope it helps.
Regards
<br />We are concerned about Management types (Member managed or Manager managed or Other).
In our situation, there are two owners, that wants to operate and own business from outside of the USA. And one USA citizen who can manage and operate this business in USA, who is not actualy an owner and don't have part (shares) in business.
Which management type is better for us?
Two owners are members whith all contributions and one Operating Manager without contribution? And Member managed or Manager managed? Or other?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear Debb
You may form LLC, as foreign citizenship of owners is not an issue with LLC, but with Subchapter S corporation. However, if LLC is manager manage, then manager as an agent of LLC would have powers to bind LLC in daily activities or contracts of business. In that case, members (i.e. owners) would not have power to bind LLC.
You may also consider to form corporation, or LLP too, though you would have to consider pros and cons of both structures specially for tax effects.
I would suggest you to contact any local CPA in your area for more personalized and detailed review as per your requirements and to prepare necessary documents for registration.
I hope it helps.
Regards
