The United States is a highly developed technological civilization, leading in technology and admired globally, becoming the world’s most important economy. It possesses abundant educational resources, with public schools offering free compulsory education from elementary to 12th grade. The educational standard of the United States is ranked first by the United Nations; among the top 500 universities worldwide, 125 are in the United States, including 15 in the top 20. Anyone willing to live actively, be diligent, work hard, and develop their potential can achieve their life goals. There are very few countries in the world like the United States that can offer people such opportunities filled with endless possibilities.
The L-1A Visa program began in 1970, without a limit on the number of visas issued. The simplest way to benefit from the L-1A visa program is to register a new company or invest in a local company in the United States, holding at least 51% of the shares. Generally, eligibility for the L-1A visa requires meeting the following conditions:
The United States company and the foreign company must have a parent-subsidiary, branch, or affiliate relationship;
The applicant must have served as an executive or manager in the foreign company for at least one year in the past three years;
The United States company must have a physical office;
The applicant must serve as an executive or manager in the United States company;
The United States company must provide proof of business for the last year, demonstrating profitability and the ability to economically support the applicant’s position.
The most important is after working in the United States company for a year with an L-1A visa, the applicant can apply for an EB-1C green card, which grants permanent residency and the ability to live in the United States long term.
Kaizen offers a service for applying for the L-1A visa, including complete business registration in the United States, setting up company and personal bank accounts, document collection, submitting the I-129 application for L-1A approval, preparing for the visa application and interview, submitting any necessary documents for visa extension, and applying for the visa at the United States consulate after I-129 approval to enter the United States. If you need our services, please contact our professional consultants.
Disclaimer
All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage.
TCJA was limits excess business losses for noncorporate taxpayers. Excess business loss is disallowed as a deduction. The loss amount that is disallowed is the aggregate of all trade or business deductions/losses over gross income/gains from such trades or businesses, less a threshold of $250,000 (or $500,000 if married filing jointly; it will be annually adjusted for inflation).
Physical presence was previously the only consideration where income tax nexus is concerned. But this standard was largely replaced by an economic presence/factor presence nexus concept by many states. Just like the sales tax nexus, the income tax nexus better fits the expanding use of e-commerce. States using the economic presence/factor presence nexus standard can impose tax on qualified out-of-state companies, even if they do not have a physical presence in the state.
A corporation's disposing of all (or “substantially all") of its assets, “not in the ordinary course of business," is a fundamental change. Differently, it is not a fundamental change for the company buying the assets. Thus, the shareholders of the buying corporation do not get to vote on the transaction, and do not have rights of appraisal.
Usually, Company combinations are undertaken as a way for one company to acquire another. There are different ways to accomplish this goal. The choice will depend not only on corporate law, but on business and tax considerations. This article will discuss some different ways in which separate business entities may be combined.