According to the US Small Business Administration (www.sba.gov) small businesses are a major contributor to the United States economy. The non-immigrant E-2 Treaty Investor visa to the United States is available for foreign nationals who are “investing a substantial amount of capital in a US business,” and is a great option for qualified entrepreneurs across all business sectors seeking to establish a presence in the United States.
Corporations have a required structure, with directors and officers, board meetings, board resolutions, annual meetings, etc. LLCs do not have the same formal management requirements, and their operating agreements may name any owner to act as the manager of the LLC or to elect no distinction between an owner and the manager of the LLC.
You’re a UK business owner who just won a long-term contract in Los Angeles worth several million dollars, requiring you and your small team of highly skilled employees to move to the US to work closely with the new client.
Internet tycoons, pop stars and Hollywood actors are not the only individuals renouncing US citizenship these days. Burdened with ever-increasing tax compliance regulations, onerous reporting obligations and mounting professional fees to accountants and advisors, ordinary Americans residing aboard are taking steps to simplify their lives by giving up US citizenship.