Legal Question in Business Law in New York

I have a friend who is a Chinese citizen who is interested in purchasing a business in New York. Can she buy the business and operate as a LLC?


Asked on 1/27/11, 10:46 am

2 Answers from Attorneys

Roman Fichman Esq. Law Practice of Roman Fichman Esq.

An alien is permitted to own and invest in a U.S. company and draw dividends, however the alien CANNOT work for the entity and draw salary without the proper visa. Many companies, their principals and aliens get in trouble because they do not understand the various restrictions and distinctions that exists and it is therefore highly advised that you consult an attorney.

I would be happy to chat with you further. Feel free to contact my office at your earliest convenience.

Roman R. Fichman, Esq.

www.TheLegalist.com │ @TheLegalist

email: Info (at) TheLegalist (dot) com

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Disclaimer: This posting has been written for educational purposes only and was not meant to be legal advice and should not be construed as legal advice. You should always consult an attorney admitted to practice in your jurisdiction for specific advice.


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Answered on 1/27/11, 1:33 pm
Steven Czik CZIK LAW PLLC

Mr. Fichman is correct. We have substantial experience handling these types of matters, however, we would need some more information before making a complete and proper determination. You are welcome to contact us for a free consultation.

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STEVEN J. CZIK, P.C.

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The information provided by The Law Offices of Steven J. Czik, P.C. (LOSJC) is for general educational purposes only. There is no attorney-client relationship established by this communication and no privilege attaches to such communication. LOSJC is not taking and will not take any action on your behalf and will not be considered your attorney until both you and LOSJC have signed a written retainer agreement. There are strict deadlines, called statutes of limitation, within which claims or lawsuits must be filed. Therefore, if you desire the services of an attorney and decide not to retain LOSJC on terms acceptable to LOSJC, you are advised to immediately seek the services of another attorney.

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Answered on 1/28/11, 7:46 am


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