Legal Question in Business Law in Delaware

US Incorporation

Hi, I am planning to set up a coompany that will have the following characteristics:

-The Companywill sell medical devices having an approval from the FDA

-One american shareholder will own 20 % of the company

-5 european shareholders will own 80 % of the company

- The CEO lives in Spain and he is a french citizen.

- The company intends to sell products in the USA and in the rest of the world.

My question is: Can I incorporate such a company in the USA, if not, where should I incorporate it ?

Asked on 5/28/07, 9:29 pm

1 Answer from Attorneys

Bruce W. McCullough Bodell, Bove', Grace & Van Horn. P.C.

Re: US Incorporation

If you are going to do at least some of the business in the United States, Delaware is a good choice for incorporation. In Delaware business taxes are low and the courts are favored for fair and consistent decisions should there be litigation.

Feel free to contact me should you want to discuss this matter further.

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Answered on 5/30/07, 5:13 pm

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