Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 08-05-2009, 09:42 AM
SoftwareGuy
 
Posts: n/a
Tax implications for purchasing a corporation based in Finland

A few investors and I would like to purchase a company software company in Finland. There is no requirement for a physical presence in Finland since there are no employees or other physical assets. The company consists of Intellectual Property, digital media, source code and customer information. The company would have a steady revenue stream with no additional work, but we plan to invest additional development and marketing resources to increase this and keep it from dwindling. All the investors have full time jobs elsewhere though, so this is a secondary pursuit -- possibly passive for some of the investors.

Initially I thought it would be best to form an LLC locally and then purchase all the assets of the company from Finland. For tax reasons in Finland, the owners of the company we want to purchase have asked us to purchase the company outright instead. I read a little on CDCs and PFICs and I'm still somewhat confused. Can I just transfer the company to the U.S. and treat it as a U.S. company somehow? Is it better not to?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Tax Implications Monroe Income 0 03-30-2009 01:01 PM
Is purchasing a Split Dollar Life Insurance policy a good idea for my business? obrien Life Insurance 0 01-21-2009 11:29 AM
Is purchasing an annuity in an IRA account a good investment strategy? aron IRA/Sep 1 03-14-2008 06:42 PM
What is the maximum amount a Taxpayer can deduct in 2007 for purchasing a new SUV? Adam Auto Expenses 1 12-07-2007 12:54 AM
What are the tax implications for funds left over in the 529 Plans? Melissa Education Planning 0 07-15-2007 12:25 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.