That social media account is valuable, until you try to transfer it.

The internet is is a social-media driven marketing platform, driven by technologies which seek to move consumers to specific branded content and humans who try to corral that technology as best they can. Billions of dollars are spent in the chase to build an online brand, and those brands are feverishly protected. What happens, then,Continue reading “That social media account is valuable, until you try to transfer it.”

Shareholder and Board of Directors

As part of our short series on forming a US corporation, it’s important to understand the management structure, since there are significant differences between those structures in Germany (and many other countries) and the US. First, we’ll start with the shareholders and board of directors. Shareholders The Shareholders are the owners of the company (Aktionäre)Continue reading “Shareholder and Board of Directors”

Obtaining your company’s US tax number

One of the most important steps in the formation of a new company is the application for an Employment Information Number (EIN, or also FEIN). The EIN is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to business entities operating in the United States. Originally, the EIN was limited to reporting employment-relatedContinue reading “Obtaining your company’s US tax number”

Incorporating in the United States

A while ago, I wrote an article on choosing the state of incorporation for your US company. Now that you’ve decided where your company will be located (probably Delaware), the next step, of course, is to incorporate: First, you file a brief document (the Articles of Incorporation or, in Delaware, Certificate of Incorporation) outlining theContinue reading “Incorporating in the United States”

US Citizens renouncing citizenship in record numbers

Here in the US, folks tend to assume that the United States is the proverbial “city upon a hill,” a place to which everyone does (or at least should) aspire. Many of my colleagues overseas have had some serious doubts about that premise for some time, but increasingly, even US citizens are having their doubts.Continue reading “US Citizens renouncing citizenship in record numbers”

Business visas to the US about to get more expensive

As if coronavirus hasn’t already made business travel complicated enough, the cost of many of the most common non-immigrant business visas to the US is about to increase significantly. The USCIS recently announced an increase in the filing fees for certain immigrant and non-immigrant visas which allow foreign citizens to live and work in theContinue reading “Business visas to the US about to get more expensive”

Where in the World is our Case to be Litigated

A little while back I wrote about choosing the law which applies to your transaction in an international setting. While often the party which initiates the transaction (and provides the first draft of the contract) will dictate the law and venue, that’s not always the best option. Indeed, in some cases it’s wildly impractical, particularlyContinue reading “Where in the World is our Case to be Litigated”

Dealing with the Risks of Remote Service

The German business newspaper Handelsblatt ran an article (in German) last week discussing the issues facing German companies with US subsidiaries during the coronavirus. While a lot of business can be done remotely, much of Germany’s export economy is based on industrial goods, and those goods often require in-person service or installation. Given that mostContinue reading “Dealing with the Risks of Remote Service”

Setting the Ground Rules

I’m working on a few transactions right now between companies in different countries (heck, on different continents), and there seems to be one issue none of my clients or their counterparts really want to deal with, and that’s choice of law. The problem is that choice of law is really important, and drafting a contractContinue reading “Setting the Ground Rules”

Secret Service starts new Cyber Crime Task Force

Last week the United States Secret Service announced the creation of the “Cyber Fraud Task Force,” to focus on the investigation of cyber financial crimes. The new task force is the result of a merger of two prior groups focusing on cyber crime and financial crime respectively, and is an acknowledgement that many if notContinue reading “Secret Service starts new Cyber Crime Task Force”