QuestionsforChineseNonUScompaniesdoingbusiness.pptVIP

* DINSMORE SHOHL Regional and National Law Firm Offices: Ohio, Kentucky, Pennsylvania and West Virginia 300 Lawyers (40 in Intellectual Property, 160 in Litigation, 100 in Business/Tax/Real Estate/Banking, etc.) Clients: 60 Foreign clients with offices in the USA Clients: 60 Non-U.S. clients who do business in the USA without official offices Harvey Jay Cohen, Esq. harvey.cohen@ Telephone 1-513-977-8144 Facsimile 1-513-977-8423 At Dinsmore Shohl for more than 18 years Georgetown University A.B. Cum Laude 1982 Columbia University, Master International Affairs, Magna Cum Laude 1984 University of Cincinnati, Juris Doctor, Order of the Coif 1987 Please do not hesitate to ask questions during out presentation and afterwards by e-mail or telephone FUNDAMENTALS OF BUILDING YOUR BUSINESS: Principal Questions for Chinese/Non U.S. companies doing business in the USA Many services provided are faster, easier and cheaper in the USA . . . Lawyers Accountants Banks Registrations with the Government Regulation of products is less stringent in many areas. This laxity varies greatly depending on the type of products and whether they are for sale to consumers or businesses Distribution of products, even across and into a vast market Taxes, unemployment insurance Entry into US, Initial Advice Always use a top-notch lawyer, not just a Los Angeles or New York, etc. A Delaware Corporation is not necessary For example, Procter Gamble, large oil companies and other U.S. large companies are Ohio corporations. The vast majority of public corporations are not Delaware corporations Do not double your expenses and administrative burden First Steps Hire an Accountant/Tax advisor, register patents and trademarks and fulfill immigration formalities Create a PRC or offshore subsidiary to make U.S. sales or to own the U.S. entities, isolate the mother company from liability from the USA State vs. Federal (Washington, D.C.) Law Uniform Commercial Code (stat