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WHY ILLINOIS BUSINESSES SHOULD CONSIDER NOT USING ILLINOIS ENTITIES

Simplicity can be advantageous in making decisions concerning your business. On the important decision of choice of entity, based on simplicity, it may seem appropriate to use an Illinois entity to operate an Illinois business. By using an entity formed in a different state than Illinois to operate an Illinois entity, there will be additional complexity from having to comply with the legal requirements of Illinois and another state. However, for some Illinois businesses, this complexity may be overridden by certain benefits from using non-Illinois entities.

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The Advantages Of Protected Series Over Registered Series In Delaware Series Limited Liability Companies

For many years, Delaware has been a leading state in which to achieve asset protection. Besides its broad recognition of tenancy by entirety and “pro-debtor” charging order law, Delaware was one of the first states to authorize the use of series limited liability companies.

Green Card Qualification Issues

Immigrant obtaining a Green card involves one negative cost – United States taxation. United States green card holders are subject to United States income taxation on their worldwide income. This can expose United States green card holders to double taxation if any of this income is also subject to taxation in their native country or another foreign country.

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