Foreign investors can stand to make a decent profit and a strong reputation
through holding or renting property in the United States — but only
if legal obstacles and challenges are understood and overcome readily.
Depending on both the background and the objective of the foreign investor,
there will be a varying myriad of rules and regulations regarding tax law,
real estate law,
business law, and even a business-related form of
estate planning. Finding a legal advocate to act as a guide at the beginning of the entire
process is crucial.
Your Advocates and our Fort Myers business attorneys can help you manage
intricacies each step of the way, starting with acting as a registered
agent for your business venture. We offer registered agent services to
foreign companies that want to get a foothold in the United States. When
chosen to be your registered agent, we can act as the physical address
for your business initially, receiving important mail-only forms for you,
and also helping you complete and file these forms on-time. In many regards,
there can be no foreign investor that holds land in Florida without first
there being a registered agent acting on their behalf.
Business Structuring & Legal Compliances
After we are your registered agent, we can discuss how your business will
be formed. Many foreign investors, companies, or entities that want to
get involved with real property in the U.S. choose to
incorporate as an LLC (Limited Liability Company) due to tax benefits. Our registered
agents are also highly-experienced business lawyers, so we can help you
assess your unique situation and decide if an LLC will be best. If it
is the right option, we can work from there to finalize your incorporation
and get your business pointed in the right direction, whether you want
to utilize your U.S. property for your own productions or offices, or
if you would rather just rent the space to others.
Other important aspects of incorporation we will want to address include:
- Tax withholdings, including “sale of property” and “passive
- Electing to tax passive rental income as if it was directly tied to a business
in the U.S.
- How to anticipate eventually selling your business, or buying another to expand.
Managing a Foreign Investor Trust
Planning ahead far ahead, even before your LLC is finalized, is too important
to really convey in words. We offer
trust creation services that can protect control of your company or your real property after you
pass away or become indisposed by placing it within a foreign trust. The
creation of an LLC can already protect your personal assets from creditors
in case of default, and the use of a business trust can, in turn, can
protect that LLC further. When used in conjunction and handled properly,
trust work acts as a key component that should interest any foreigner
holding property in the U.S.
Remember that in Florida, a foreign-based company with property in the
U.S. begins with a registered agent. Let Your Advocates take up this mantle
for you and act as trusted legal counsel in all other business-related
matters, so you can focus on the other inner workings of your company. Call
contact us online to schedule a
free consultation with our Fort Myers registered agents.