Ask HN: How to structure a business entity for foreign operations
I got some really good ideas from: "What is the best jurisdiction for internationally distributed teams?" (https://news.ycombinator.com/item?id=31620700) for setting up a business entity with foreign operations.
I have both US and Mexican citizenship. I am currently raising capital for a high performance athletic clinic in Mexico. All operations will be in Mexico. Leases, payroll, services, tech development etc. I want to be able to: - Raise capital under US jurisdiction and laws. - Receive compensation only via US banking institutions - Use equity structures similar to US startups(advisor equity, profit sharing, employee option pool) - Use US based banking tools for operations - Corporate income tax optimization.
I've read a bunch of articles on Carta, started reading the book "Secrets of Sand Hill Rd", have spoken to fiscal attorney in Mexico and asked ChatGPT. From everything I've gathered, the best structure is a Delaware C Corp for the equity and capital raising process and what amounts to a LLC in Mexico for business operations.
I'm sure I have blind spots here. Am I missing anything?
Looks like the main thing you haven't done yet is to consult both (1) competent legal counsel and (2) a competent accountant to answer your overarching question!
By seeking legal and accounting advice on HN, you're barking up the wrong tree.