Ongoing compliance with corporate governance obligations is key to maintaining a clear separation between your foreign-based parent company and your U.S. affiliate. Failing to comply and maintain that separation can create legal and tax liabilities for your business, having your affiliate potentially be treated as the foreign parent’s alter ego.
For a wholly-owned affiliate, compliance is not difficult per se. But you need to make sure that annual obligations are met and that important decisions that are taken at the affiliate level are approved and documented in compliance with your charter and applicable laws .
We can inform you of your legal obligations and help you comply with your company’s governance obligations.