how-to-start-a-business-in-united-state_as-a-foreigner

How to start a business in United State_As a Foreigner

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Live Webinar | CEU Approved

  • 60 minutes

Advising foreign non-U.S. entities investors requires tax and other professionals involved with foreign businesses to understand the U.S. tax implications for non-U.S. persons and entities. This program will provide the participant with a firm understanding of the U.S. tax rules and regulations, so they know how to plan for and structure U.S. business activities. This presentation will highlight and discuss the significant federal and state tax rules governing what constitutes doing business and how to properly conduct business activities in the U.S.

Join this session by expert speaker Jack R. Brister, where he will explain the difference between the U.S. legal system and other jurisdictional legal systems and the U.S. tax system is based on substance not form.

Session Highlights:

I. Common law v Civil law

a. Difference

II. Worldwide Taxation v Territorial Taxation

a. U.S.

b. Other jurisdictions

III. U.S. tax system

a. Federal tax system

i. Substance over form

ii. Worldwide

iii. U.S. source income (ECI)

b. What Does It Mean to “Do Business” in the U.S.

i. 14th Amendment of the U.S. Constitution (Commerce Clause)

1. State Taxing Authority

a. Nexus

i. Income tax

1. PL 86-272 Tangible Personal Property

2. Services

ii. Sales tax

1. Quill v North Dakota (1992)

2. Way fair v South Dakota (2018)

c. Other state taxes

i. Primarily excise

IV. Primary Types of U.S. Federal Taxes

a. Income

V. Primary Types of State and Local Taxes

a. Income

i. Imposition

ii. Filing obligations

b. Gross Receipts

i. Imposition

ii. Filing obligations

c. Sales & Use

i. Imposition

ii. Collection, filing and remittance obligations

iii. Fiduciary Responsibility

d. Other excise taxes

i. Imposition

ii. Collection, filing and remittance obligations

iii. Fiduciary Responsibility

e. Payroll Taxes

i. Employer

ii. Employee

iii. Collection

VI. State Registration

VII. Case Study

Why You Should Attend:

You will learn and understand the recent economic nexus rules for what constitutes doing business in the U.S. (i.e., the number of transactions and sales that give the U.S. taxing authority over domestic and foreign business Activities) What the differences in the taxation of U.S. business activities from those of doing business in other jurisdictions, federal and state registration requirements to do business in the U.S., federal and state income, sales, and other taxes required of all U.S. business activities, the business owner’s personal liability associated with certain state taxes regardless of business structure, and the federal and state filing requirements.

Who Should Attend:

  • U.S. and foreign practicing accountants

  • Attorneys

  • Trustees others who advise foreign businesses wanting to, or have begun to sell their products and services within the U.S. or foreign person’s wanting to or considering doing business in the U.S.

Advanced Preparation: None

Program Level: Intermediate

Prerequisites: Basic knowledge of Tax and Accounting

Field of Study: Tax and Accounting


*You may ask your Question directly to our expert during the Q&A session.

** You can buy On-Demand and view it as per your convenience.

Jack Brister

Jack Brister

Jack has more than 25 years of experience. He specializes in U.S. tax planning and compliance for non-U.S. families with international wealth and asset protection structures which include non-U.S. trusts, estates and civil law foundations that have a U.S. connection; and non-U.S. companies wanting to do business in the U.S. Jack also specializes in non-U.S. persons investing in U.S. real property, and other U.S. assets, pre-immigration planning, U.S. expatriation matters, U.S. persons in receipt of gifts and inheritances from non-U.S. persons, non-U.S. account and asset reporting, offshore voluntary disclosures, FATCA registration and compliance (W-8BEN-E and Form 8966) and executives working and living abroad. Jack has been widely published, in addition to speaking at numerous international engagements. Jack has also been named a Citywealth Top 100 U.S. Wealth Advisor.

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Edupliance is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 844- 810-1151.

PLEASE NOTE: To receive credit through the NASBA for this program you MUST attend the Live program in its entirety and complete the required progress checks.

Number of CPE Credits Awarded for This Course: 1.0 ( Taxes - 0.5, Accounting - 0.5)

Delivery Method: Group Internet Based

Want to attend in a Group? Call 844-810-1151 and Save upto 50%

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