Quote:
Originally Posted by GreyWolf
Agree  On the above three points:
(a) Talk to lawyers - been there, done that and had OS lawyers at shows in the past. They provided the usual speech and allowed an question/answer session. The result - the audience were generally too dumb to even comprehend "offshore". That's an example of the quality of people in this biz sadly.
(b) Setting up offshore - if anyone can't afford 2-3K for a corp and legal advice, better they never ever think about OS, they would just be a liability. It's obviously also an issue as to whether an individual is in a secure legal position to consider an OS operation - specifically re background/citizenship.
(c) Maintain 2257 for affiliates - totally agree. It's obviously crazy and irresponsible to introduce an affiliate program and not be able to legally support affiliates with 2257 docs if needed.
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Agreed to all points. If your goal is to shelter your identity to not comply with US law thats ridiculous.
For offshore entities, refer to a local tax lawyer to advise on the implications as in some countries you may get a surprise.

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