Although we are US lawyers and not specialist US tax advisors, we are frequently asked about the landscape for Corporate and Business Taxes in the USA, so we thought we would put together a helpful guide for those who need to know.
News and Insights
Data Privacy and the UK: What Apple’s Withdrawal Means for Businesses
In a significant move that has sparked debate over data privacy and government oversight, Apple recently announced that it would not be launching its Advanced Data Protection service in the UK. The decision comes in response to increasing government demands under the Investigatory Powers Act (IPA), which requires tech companies to provide access to encrypted communications when requested by security agencies. This development raises critical questions for businesses operating in both the UK and the US, particularly those handling sensitive customer data.
Expanding to the US: Legal Pitfalls UK Businesses Must Avoid
Expanding into the US is an exciting step for UK businesses, offering access to a vast consumer market and investment opportunities. However, the US legal and regulatory landscape is complex, and failing to navigate it correctly can lead to costly mistakes. From structuring a business properly to understanding tax obligations and employment laws, UK companies must take a strategic approach to avoid common pitfalls.
Legal Considerations for UK and EU Football Clubs Expanding to the USA
You are a Commercial Director or Head of “Internationalisation” at a UK football club with a recognisable brand and growing following.
Transacting with the US – Escrow: What is it? How is it Used? Do you need it?
When engaging in a transaction, particularly as a UK business entering into legal terms with a US counterpart, you may have come across the term “escrow.” Despite its importance, the concept is often misunderstood or considered difficult to comprehend.
This article aims to clarify what “Escrow” is, as well as when and how it should be used.
US Beneficial Ownership Information Reporting Requirements
The BOIR (Beneficial Ownership Information Reporting) refers to a legal requirement in the United States under the Corporate Transparency Act (CTA), which mandates that certain companies report their beneficial owners to the Financial Crimes Enforcement Network (FinCEN), a division of the U.S. Department of the Treasury.
Seven Reasons Why The US Economy Is So Important To The UK
The 2024 United States Presidential Election, which was held on Tuesday, November 5, 2024 already seems like a long time ago.
As we now know, the former Republican President Donald Trump defeated the incumbent Democratic Vice President Kamala Harris, becoming only the second US President to be elected twice in non-consecutive terms, after Grover Cleveland (who served as the 22nd president after the 1884 election and as the 24th president after the campaign of 1892).
U.S. Business Law 101 – U.S. Corporations
A U.S. Corporation or “Inc.” is a legal entity that is separate from its owners.
Stockholders or Shareholders own the business entity through their stock or shares.
Why Do I Need a Private Placement Memorandum?
In essence, PPMs are disclosure documents used by small businesses raising money through private securities transactions and are critical to inform and protect both issuers and investors.
Forming a US Corporation – Reasons to Set Up In Delaware State
Many companies choose to incorporate in Delaware due to a variety of legal, financial, and administrative advantages that the state offers.
Sample Due Diligence Information Request List For US Investors
Due diligence is the process by which a proposed investor in or buyer of a company investigates the company’s business, people, records and documents.
BE-13 Filing Requirements For Foreign Direct Investments In U.S. Companies And Real Estate
Foreign investors in certain U.S. businesses (U.S. legal entities, branch offices, and real estate (improved or unimproved), with limited exceptions for certain residential properties) must report their investments pursuant to a Form BE-13 filing (Survey of New Foreign Direct Investment in the United States).
Heads Of Terms And Letters Of Intent
Whether our clients are engaging in mergers and acquisitions, investments, sales, or financing transactions in the US or in the UK, our advice is always to ensure that the key terms of the deal are agreed at the earlist possible stage and once an agreement is reached, those terms are enshrined in a Term Sheet, which will be signed by both parties.
US And UK Commercial And Company Law – Key Differences
US Attorneys and UK Solicitors likely already know legal systems in both the U.K. and the U.S. share the same historical common law roots, and are for that reason similar.
Jonathan Abrams Comments In World IP Review
The Swiss company Swatch Group has accused Samsung Electronics and its American subsidiary of infringing its trademark on designs for downloadable smartwatch faces.