A foreign enterprise may operate in the United States through a domestic corporation,
as an unincorporated entity (i.e., a sole proprietorship, partnership,
or joint venture), or through a US branch of a foreign corporation. Unlike
other countries, the United States has no federal company law, and the
rules regarding the formation, operation and dissolution of business
entities are generally defined by state rather than federal law. The
following is a brief, general overview of these laws. However, because
there are 50 states and the District of Columbia, these rules vary considerably.
Careful attention to the specific rules of each relevant jurisdiction
is required. Readers are advised to consult with local counsel.
Disclaimer
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"The
information contained herein is of a general nature and
is not intended to address the circumstances of any particular individual
or entity. Although we endeavor to provide accurate and
timely information, there can be no guarantee that such information
is accurate as of the date it is received or that it
will continue to be accurate in the future. No one should act on such information
without appropriate professional advice after a thorough
examination
of the particular situation.
KPMG and the KPMG logo are registered trademarks of KPMG
International, a Swiss cooperative.
© 2006 KPMG LLP, the
Canadian member firm of KPMG International,
a Swiss cooperative. All rights
reserved."
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