Create an LLC or a Corporation to invest with. Consult with tax and legal professionals to determine which entity offers tax efficiency and to establish asset protection strategies.
Once incorporated, the foreign investor must apply for an Employer Identification Number (EIN) and register the LLC.
An operating agreement by all partners of the LLC must be drafted and executed.
The foreign investor and individual partners in the LLC will need to apply for an individual taxpayer identification number (ITIN).
Open a U.S.-based bank account under the name of the LLC. The banking institution will require the EIN, operating agreement, and ITIN or SSN.
The LLC and its partners must file Federal/ State/ City tax returns. Consult with U.S. and local tax professionals to assess tax benefits and ensure all tax obligations are met.
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