VRP Law Group, P.C.

A Boutique Business, Employment and Intellectual Property Law Firm

Archive for the ‘Introduction’ Category

Impact of the Definition of a Judicial Entity and the Principles of Corporate Citizenship on the Internet!

Tuesday, September 9th, 2014

The most important part of any inquiry into corporate citizenship and a foreign national’s international business of any enterprise is determining, which, laws will apply. It is extremely difficult for any international company to plan for expansion into new countries without considering the impact of the citizenship of each of its Members. Limited Liability Companies and C-Corporations are the most preferred type of structures for purposes of corporate expansion and acquisition of corporate funding. Unfortunately, it is very difficult to determine the citizenship of each Member or Transferee and ensure that the Operating and Membership Agreement has the proper restrictions to ensure that you do not run afoul of the LLC’s corporate Citizenship rules.

If a foreign national is doing business in the US, then its ability to take advantage of local laws and tax regulations will be subject to the citizenship of each Member. For purposes of diversity jurisdiction, each individual’s citizenship will be considered for purpose of subject matter jurisdiction. Thus, if, you have an individual from China or Brazil, the first, inquiry, is whether or not the entity will be recognized as a US citizen, corporation or partnership. Once, this is determined based on the citizenship of each individual member and at least, one individual is a US Citizen, the Corporation will qualify for US Citizenship or legal entity status of a Judicial Entity for purposes of being able to take advantage of local laws.

However, when you have international citizens that conduct business in the US or reside in the US this raises a bit of a concern about the potential conflict between corporate citizenship rules the regulations relating to taxation of the individual. Each country has an incentive to ensure that their local tax revenues are maintained; thus, this issues is particularly, important for online companies and foreign nationals looking to do business in the US. The U.S. has entered into a tax treaty with most major countries to avoid double taxation of income to the LLC or Corporation. The idea being that if, you have paid taxes overseas, then you are not required to pay more taxes on the funds that are brought into the U.S. However, with respect to individuals that live in international countries, but stay in the U.S. for less than 180 days, they are able to avoid having to pay income taxes in the U.S.

For more go to: www.corporateacquisitionsattorney.com, www.bipeblawg.com, www.iptrialattorney.com or www.chicagobusinesscounsel.com

Twelve Month Anniversary (Approximately) Thank you!

Monday, August 10th, 2009

I wanted to take a second to thank all of our readers and visitors for their comments and interests.  Over the last twelve months our monthly visit count has been in the range of 122-269, with an average of 175 visits per month. 

I am pleased to note that our reader base is growing and appreciate the favorable comments from our visitors.  If you have any comments or suggestions regarding content or additional ways to make this a more useful blog, then please feel free to contact me. 

Again THANK YOU for your continuing visits and helping us grow our audience. 

Sincerely,

Vihar R. Patel

(08/11/09).

Employment Law Services Video

Monday, August 18th, 2008

This video provides a brief introduction to our specialized employment law services. The video also illustrates our firm’s focus on preventing disputes and ensuring that litigation achieves our client’s desired individual or business goals. 

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Introduction

Sunday, February 10th, 2008

Hello

Welcome to the Intellectual Property (IP) and Employment law blog and thank you for visiting our blog.  This blog is designed to help entrepreneurs, individuals, small and mid size companies obtain information about issues they may be encountering relating to intellectual property and employment matters. 

We will provide updates of recent cases, changes or trends in the employment and intellectual property law areas.  We will provide comments, personal views, and synopsis of what is new and noteworthy in the areas of employment and intellectual property law.

We will eventually make weekly updates to this blog, so please continue to revisit to obtain new information that is pertinent to your business, employment, or daily life. 

Disclaimer:  However, it is important to note that nothing on this blog should be considered legal advice or an opinion relating to your legal needs. Moreover, nothing on this blog creates an attorney client relationship.  If you require legal services relating to employment or intellectual property law please contact our office to set up a consultation with one of our attorneys.

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