Case Study 3: Setting up a new business in the US

Adviser name: Paul Crispin

Are you setting up a new business in the US? Here’s how we helped an entrepreneur like you…

Mike had been running a successful technology business in the UK for a number of years. With a view to expanding his business, he identified opportunities for new work in the US.

He started planning and decided he would move out there for a while in order to set up an office in the States.

Expert advice, when it’s needed most

As an entrepreneur, he knew he needed expert advice, so he approached Satis to advise on how best to go about this.

We discussed:

Expectations in the future for his US subsidiary
The accounting and the tax implications of various options
How the business might operate in practice.

We then recommended an appropriate structure and provided options for how the US business could be funded.

Once the structure had been agreed, we incorporated the relevant entity in the US on Mike’s behalf.

Remaining compliant

When the time came, we assisted the business in the preparation and filing of the necessary US Federal and State tax returns. As well as Mike’s personal tax returns to cover his period of residence in the US.

Working with Mike shows you how we assess a situation, apply our knowledge and expertise, carry out required tasks, and help clients to realise their ambitions.

What our clients say

One or more of the Satis Tax principals has been handling my personal taxes, both US and UK, for over 35 years. That fact speaks for itself. Several aspects of Satis' work impress me: 1) Thorough understanding of both the UK and USA tax systems; 2) Attention to detail; 3) A conservative approach combined with an appreciation that for the client "every dollar/pound matters" when it comes to limiting one's tax liabilities.

Mat

Montana

Having decided to emigrate to the U.S., I was completely unprepared for how complex the interaction between the UK and US tax systems would be. From initial tax planning advice prior to emigrating, several subsequent complex business transactions, to filing both our UK and US annual returns, I’ve always felt assured that Satis have a complete understanding of the complexities of the tax regulations. This has freed us from the worry of tax compliance in both countries. Over and above keeping us complaint, they have been an invaluable sounding board when we have found ourselves facing personal decisions that have had tax consequences through the years we have been living in the US.

Rob

Florida

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