Quote:
Originally Posted by ManyQuestionsGuy
Thank you this is exactly the type of info I was looking for. I can now go research what 2257 is all about, and will try a search with "offshore" to see if I find good info.
No the part about "he means the country you live in or operate in". Still not sure exactly what you mean. I am american living in USA, but other owners are Mexicans and will be living in Mexico, and the last partner is Colombian and lives in Colombia. Further more, our models will be from all over the world. Affiliates will also be all over the world. I do not plan to trget my audience to a specific country, I will try to reach ALL countries.
The little research I have done leads me to believe that some countries are better to register these companies than others. Better tax laws, better legal protection for the content of the pages, etc.
And please don't get mad for my questions. This forum was designed exactly for this, for people to ask questions, share ideas, etc
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OK - understand more! The fact that you are a US citizen and an owner is very relevant. Basically means you are a beneficary and can be held accountable personally under US law for any violations the corp may get involved in. Not sure which jurisdiction your corp was formed - assume Mexico? Mexico is obviously not an offshore country and does have MAT's (Mutual Assistance Treaty) with the US.
If you are talking about a US corp - there is no question this corp would have to comply with US domestic law - that obviously includes 2257 etc.
The other owners have far less problems in that they are Mexican and Colombian nationals where there is much more latitude in participation in corp activity. The fact that you are a US citzen means you are still subject to eg taxation and IRS filing annually and obliged to notify the IRS of your interest in any corp (there are several sub-paras on this where there are exclusions, but they generally mean that you formally need to have very little holding).
Only my
, but if it was operating any type of affiliate program, I'd sure comply with 2257 simply to cover US webmasters legally in any promotion of that program. This would still apply even if there was no hosting, residency etc in the US and the operation was being conducted from another country where 2257 was irrelevant.
On offshore... it's not a problem for your other owners, but far more complex because of your background (US citizenship) and would seriously suggest you seek professional advice from both the US end and also from legal folks in whatever offshore area you may be interested in.