My Age of Investment

  Chapter 55 Registered Company

  The general financing framework has been negotiated, and the remaining details are no longer a problem.

  Andrew brought an electronic document contract for angel investment financing.

  A few people followed this template contract and negotiated the details for several hours, and reached a preliminary agreement.

  After the official documents come out, let Old Man John’s personal lawyer go through it again, and there is basically no problem.

  However, before that, they had to register a company for Facebook.

  Anyone is not limited by nationality, as long as he is over 18 years old, he can register a company in the United States.

  The United States implements the principle of registration, and there is no need to verify the registered capital. It can basically operate except for things prohibited by law.

  As long as the name of the new company is not the same as that of other companies, after submitting a simple filing form, a one-page company initiation clause, and a registration fee of more than $100, international students holding an F-1 visa can complete the company registration procedures.

  Because of Andrew's help for these procedures, the company registration was successfully completed in a few days.

  The company is registered in California, and the name translated into Chinese is called "California Facebook Co., Ltd.".

  American companies are divided into five categories.

  Sole proprietorship companies can only be registered by American residents. They are generally small businesses and individual industrial and commercial households.

  Non-profit organizations, universities, foundations, associations, etc.

  C-type shares and S-type limited liability companies, and LLC limited liability companies (also known as limited liability companies).

  Non-U.S. residents can only register C-share companies and LLC limited liability companies.

  U.S. company limited by shares and China are almost the same, both are used to establish the company’s independent legal person status, thereby separating corporate and personal responsibilities, making the company’s creditors unable to recover debts from the personal property of the company’s shareholders.

  The main difference between S company and C company is the difference in tax payment mode. S company tends to pay taxes in partnership, that is, tax is only levied on the members of the company and not on the company itself.

  And C company will not only tax the company itself, but also tax the members of the company, which is what we often call "double taxation."

  But C company has an advantage. It can be listed or registered by foreigners, but S company can’t.

  Moreover, many states currently have minimum tax requirements for C companies.

  In addition, Company C also needs to carry out some routine tasks in accordance with the provisions of the state and federal commercial laws, such as regular board meetings, formal voting, and so on.

  Although the operating cost is a bit higher, Xia Jinghang can only choose to register a C-type limited company due to identity restrictions.

  As for paying taxes, don’t worry about it for the time being, because the website has not generated any income.

  Once income is generated, tax avoidance can also be used by related methods.

  Why not register an LLC limited liability company?

  Because the LLC company has no stocks, but a hybrid corporate structure, it cannot be listed.

Compared with LLC companies,   C-type limited liability companies have another advantage. They can allocate employee stock options or stock dividends to employees as compensation.

  This is the so-called equity incentive.

  Silicon Valley startups are basically registered C-share companies, mainly to prepare for the listing, but also to accept capital injections from investors from other countries.

  The company limited by shares has been registered, but the procedures have not been completely completed.

  The state government also required Xia Jingxing and Andrew to register as shareholders a month later.

  After this step is completed, it is really done.

  Andrew accompanied Xia Jingxing and the three toss for a few days, and initially completed the company registration, got the tax number, and opened the company’s bank account.

  At the same time, the drawn up investment contract has also passed the inspection of Old Man John’s private lawyer.

  Next, in the humble office of the Stanford Entrepreneurship Incubation Base, Xia Jingxing and the three persons signed a formal investment agreement with President Andrew and John.

  Old John and Andrew shook hands with Xia Jingxing and said some words of encouragement.

  After all these were over, everyone took a group photo ceremony.

  Xia Jingxing stands in the middle, with Christina on the left, and the dog on the right. Andrew and Old John stand on the farthest side.

   On the white wall behind the five people, there is also a Chinese classical ink painting, a picture of the Dapeng spreading its wings.

  This is a gift Liu Hai heard from Andrew that Xia Jingxing had started a company.

  It's not worth a few dollars, but it's also a good idea.

  Xia Jingxing was hung on the office wall as an ornament.

  Kevin, who took the camera to take pictures of five people, pressed the shutter, and a memorable photo was born.

  After taking the photo, Kevin stepped forward and smiled and said to Xia Jingxing: "Congratulations, Dai Lun, you have received a huge investment, and the future is limitless."

   "Hehe, thank you! This is just the first step. If you want to grow, you will get more financing in the future."

  Xia Jingxing and Kevin are also acquaintances, so they don’t seem particularly polite and speak very directly.

  Kevin smiled and nodded. In fact, he was slightly depressed, because Xia Jingxing invited him to join the Facebook entrepreneurial team more than once.

  But every time he refused by himself.

  It's not that I look down on Facebook and Darren's team, but I feel that I can't help much if I join in.

  You can see that the other party has received half a million US dollars in angel investment, and the principal participates in it, and it is false to say that it is not envious.

  However, he would not lick his face to ask for a position because of this. After all, he also has self-esteem.

  He was thinking, maybe he should learn programming, or he might be like a salted fish in the future, doing nothing for a lifetime.

  Old man John left after signing the contract and taking photos together. There was a busy man.

  Andrew stayed, and he pulled Xia Jingxing aside who was chatting with Kevin.

   "Darren, there is something, I think I need to communicate with you."

  Xia Jingxing saw the other party's mysterious appearance, a little confused, and asked: "What's the matter?"

  "Your identity problem."

  Andrew bluntly said, “F-1 is a study visa, except for on-campus work and internships, no other additional income is allowed.

  If you have other income, it may be judged that you have a tendency to emigrate and you will be deported directly. "

  "Then I don’t get paid!"

  Xia Jingxing also knows a little about American law, and guesses that Andrew is exaggerating the facts and scaring herself.

   Andrew smiled, “You have not graduated now, otherwise you can be converted to an H1B work visa.

  OPT internship visa is not good either. You have only enrolled for half a year, and it is still too early to get your degree.

   By the way, don’t you have more than six hundred thousand dollars in your stock account? Do you want me to get you an EB-5 investment visa?

  With a green card, your restrictions in the United States will be much less, at least you will not be suspected of having an "immigrant tendency".

  Your current visa is a bit embarrassing. You can get dividends from Facebook, but you cannot work for Facebook.

  It’s nothing if you haven’t started a company before.

  Now that you start a company, you must be careful and don’t get caught by anyone, especially the immigration bureau. "

  Xia Jingxing thought for a while, and said, "How about I get a CPT internship with Old Man John?"

  CPT is also called course practice training, which is a cooperative course, internship or practice course closely related to formal schoolwork.

  If the permit is obtained, the student can work outside the school, but the work field must be related to the major of study, which aims to enable students to apply what they have learned and exercise various abilities. The validity period is 12 months.

   Andrew's eyes lit up, "This is okay! CPT generally takes one year to apply for it.

  However, because of your relationship with Old Man John, can he not let you apply? "

  Xia Jingxing smiled faintly, why did he look for Old Man John as an angel investor?

  It’s not because the old man can cover himself.

   "Then it will be fine."

  After finishing talking, Andrew thought that CPT only has one year, so he asked: "After one year, what are you going to do?"

  Xia Jingxing squeezed his eyebrows, and he also took a step to look at it. As for what to do later, he really didn’t think about it.

  "Green card, you'd better get one."

  Andrew counted with his fingers, "Loans, taxes, business categories... etc., all have great discounts.

  Moreover, you don’t have to run around to apply for various visas when you come back and forth to the United States in the future. "

  Seeing that Xia Jingxing didn’t speak, Andrew thought he had concerns, so he continued to explain, “You are still Chinese if you have a green card in the United States. Your nationality will not change, but you will have permanent residency rights in the United States.

  Do you know the difference between Chinese and overseas Chinese?

  The former is a naturalized citizen of the United States, while the latter is of Chinese nationality and only lives in the United States for a long time. "

"I know."

  Xia Jingxing nodded, and gave Andrew a glance, "Do you want to take on this business?"

  The trick was seen through, and Andrew was not ashamed at all, instead he smiled, “It’s better to find me to find another lawyer, and I’ll give you a discount.

  I invested so much money from you, so I have to get some blood back. "

   "I'll talk about this later, I will not move the stock for the time being."

  Andrew curiously asked, "So there is still room for the stock to rise?"

  Xia Jingxing smiled and said, "If you are exempt from the lawyer's fee, I will tell you."

   Andrew squashed his mouth and turned his head to the side as if he hadn’t heard him.

  He took his chubby radish-like fingers and pointed at a distance, “Look, there is a green card for walking there. There is no attorney's fee. It is recommended to get it.”

  Xia Jingxing looked down.

  Kristina found that Darren and Andrew were pointing to herself, so she walked over.

   "What are you talking about?"

  Xia Jingxing looked serious, "We are talking about CPT, we have to sign a cooperation agreement with the school to become a cooperative student internship organization. In order to solve the identity problem of our part-time job."

   "Oh, let's talk about it then."

  After speaking, the babes walked away again.

"How about it?"

  Andrew looked at Xia Jingxing with a smirk, "I can suggest this!"

   "I'm still an eighteen-year-old kid."

   "California is enough for fifteen years old," Andrew Thief smiled, "I do this kind of business in Chinatown, and the process is very familiar."

   "Andrew, you are a real horse worm!"

  　Thank the book friend the stone in the potato for rewards! Thank you everyone for your recommended votes. The ranking has risen a lot. Thank you very much!

  (End of this chapter)