Hi all, first time starting a thread here. Hope someone has advice around these questions.
A business partner and I are working with a new partner on a transaction that is just starting off but which we expect to close. To collect the commission owed to the three of us and for sake of simplicity, we want to form a company/bank account that we will equally own. Issue is - the new partner is Israeli/Russian, while we are only US citizens. Can we form a US or UK company the three of us or will it be a big issue because he has a Russian passport? Or just because he is foreign? Does he even need to disclose that if he has an Israeli passport?
If not possible for us to form a company together, where would be easiest/best for the Israeli/Russian to register a new company/bank account to receive transfers from us? It can't be in Russia and going to Israel is difficult for him at the moment. I was thinking maybe Georgia or Serbia where he is based, but wondered if there would be issues transferring meaningful sums (high 6-7 figures) from a US company to those places. Any suggestions very helpful. Thanks.
A business partner and I are working with a new partner on a transaction that is just starting off but which we expect to close. To collect the commission owed to the three of us and for sake of simplicity, we want to form a company/bank account that we will equally own. Issue is - the new partner is Israeli/Russian, while we are only US citizens. Can we form a US or UK company the three of us or will it be a big issue because he has a Russian passport? Or just because he is foreign? Does he even need to disclose that if he has an Israeli passport?
If not possible for us to form a company together, where would be easiest/best for the Israeli/Russian to register a new company/bank account to receive transfers from us? It can't be in Russia and going to Israel is difficult for him at the moment. I was thinking maybe Georgia or Serbia where he is based, but wondered if there would be issues transferring meaningful sums (high 6-7 figures) from a US company to those places. Any suggestions very helpful. Thanks.