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  1. #1
    Join Date
    Aug 2012
    Location
    Manhattan, NY, USA
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    1

    Default Business Law for Business Partner Who is Not an USA Citizen

    My question involves business law in the state of: NY

    My business partner is not a citizen of USA. We together want to invest in real estate market. Is it possible? If possible then what are the basic laws that we have to follow? Please help.

  2. #2

    Default Re: Business Law for Business Partner Who is Not an USA Citizen

    A foreigner can legally form an LLC in the USA, not sure of NY though.

    Another option would be starting a joint venture.

    The only limitation in future might be, as far as I know is if you decide to evolve in S corp. As foreigners can't be members of them.

    I actually was doing the same research a week ago, as I am not US citizen. We stopped at joint venture option.

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