Law firms in California may be corporations, general partnerships, or limited liability partnerships. They may not operate as limited partnerships or limited liability companies (LLCs). That’s what California law says. So when a California law firm is formed, there are limits on what can and cannot be done. As much as you might want to use an LLC, you can’t.Is there something analogous for your business that will deliver a knockout punch in Round 1? For this, you need someone smart in the country where you will be operating. Get that answer first in order to prevent a lot of wheel-spinning by your U. S. lawyers and accountants. And when you ask this question of your foreign lawyer, ask it very specifically. Ask strictly about regulatory and legal restrictions that mandate doing business in one fashion or another. You will have many other questions later. But don’t confuse your advisor by asking him/her too many questions at once. Ask the right questions, ask them specifically, and ask them in the right order. Yeah, I know. Not very technical. So sue me. This approach saves time, money, and brain cells.
Tax laws change over time, and the information in this post above may be less accurate today than it was at the time of the last revision. This post is not tax advice for your specific situation. Please contact an international tax professional to get personalized advice for your situation.