DR-American partnership

DRcal

New member
Dec 9, 2009
2
0
0
I am a us citizen interested to start a business partnership with a DR citizen (who is legitimate, has money, will invest his own money, etc)

I am curious if anyone has experience in this type of partnership and how to set it up simply, avoid pitfalls and what US tax implications apply

The business will be small and probably never exceed $500k in revenue, but could easily finace my DR dream vacation home with the profits.
 

dms3611

Bronze
Jan 14, 2002
664
14
0
If you will be here on a close to full time basis.....

....running the cash register, then you have a chance. Forget about anything else till you believe your partner has your back (ie will take a bullet for you).

The rest is easy (corp set up, US tax implications etc.)

Have fun!