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U.S. attorney Woohyuk Ju of Lin (admitted to Washington, D.C. and Texas bars) gave a seminar at the "A to Z of Incorporating in the U.S. by a U.S. Attorney," organized by the Gyeonggi FTA Trade Promotion Center and hosted by the Ministry of Trade, Industry and Energy and Gyeonggi Province. The program lasted 180 minutes and provided essential information for companies seeking to establish a business presence in the U.S., including information on establishing a U.S. corporation (subsidiaries and branches, considerations when establishing a corporation, features of incorporation by state, incorporation procedures, and comparison of corporate tax rates), visa information for dispatching U.S. expatriates, and precautions when drafting international contracts.
The seminar was attended by more than 80 executives from companies in Gyeonggi Province with a lot of interest. Especially in the case of a display manufacturer, Inc., which has recently become popular in North America for its transparent OLED and curved screens, the company signed a legal advisory contract with the International Legal Team of Lin for its full-fledged entry into the U.S. market.
When a domestic company expands overseas, such as to the United States, it is important to utilize corporate governance to first establish a corporate strategy, identify the advantages and disadvantages of subsidiaries and branches, and explore the appropriate form of expansion for each company. In the case of Lin's International Legal Team, a lawyer is assigned from the initial stage when a company considers overseas expansion, and the lawyer carefully examines the minutes of the board of directors, shareholders' meetings, articles of incorporation, and business plans for overseas direct investment. Particularly, in the United States, there are differing tax policies and corporate forms in each state, and in the case of EU, there are unique characteristics of each country in the EU, so it is necessary for companies considering overseas expansion to actively utilize the specialized professionals of Lin.
The seminar was attended by more than 80 executives from companies in Gyeonggi Province with a lot of interest. Especially in the case of a display manufacturer, Inc., which has recently become popular in North America for its transparent OLED and curved screens, the company signed a legal advisory contract with the International Legal Team of Lin for its full-fledged entry into the U.S. market.
When a domestic company expands overseas, such as to the United States, it is important to utilize corporate governance to first establish a corporate strategy, identify the advantages and disadvantages of subsidiaries and branches, and explore the appropriate form of expansion for each company. In the case of Lin's International Legal Team, a lawyer is assigned from the initial stage when a company considers overseas expansion, and the lawyer carefully examines the minutes of the board of directors, shareholders' meetings, articles of incorporation, and business plans for overseas direct investment. Particularly, in the United States, there are differing tax policies and corporate forms in each state, and in the case of EU, there are unique characteristics of each country in the EU, so it is necessary for companies considering overseas expansion to actively utilize the specialized professionals of Lin.