awesome advice -- this is why we're on the list

steven.

On 04/05/2012, at 7:30 AM, Niki Scevak wrote:

> Sorry just weighing in now.
> 
> The cost is nominal and less than a pty ltd company - I think a Delaware 
> C-Corp costs $300 from memory. There are tons of incorporation sites in the 
> US that will do this if you are optimizing against cost.
> 
> Law firms can do it too and Richard Horton from DLA Piper is fantastic. You 
> should be able to incorporate the company and form it with clean docs like 
> www.seriesseed.com for less than $5k.
> 
> If you aren't raising money for the company and don't need the series seed 
> stuff and you just want the entity then maybe go with the online sites.
> 
> The implications are that you have to file tax returns in the US so that is 
> an extra layer of overhead.
> 
> You'll need a director of the company to have a social security number if you 
> don't have one although sometimes the law firm can let you borrow theirs. I 
> have one from my time in the US so I haven't run into this problem and how 
> people solve it.
> 
> You'll also need a US postal address. I recommend people get an  
> www.earthclassmail.com account. A side benefit is that you can use every 
> online retail site and ship the goods through there and then on-post them to 
> Australia.
> 
> RE: Shared staff etc. just choose and pay them through one entity.
> 
> Assuming you don't want to just form the company but you want a bank account 
> then I'd recommend Silicon Valley Bank and they are friendly to the 
> Australian startup community.
> 
> On Tuesday, 1 May 2012 11:33:41 UTC+10, Steven Noble wrote:
> If an Australian, private company was to create a Delaware subsidiary:
> # What would be the cost?
> # Who would do it?
> # What implications would there be?
> # Especially, what unexpected implications might there be? (E.g if the 
> Australian company and its Delaware listed subsidiary shared staff, 
> equipment, etc?)
> 
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