Year-end checklist and tax planning for US subsidiaries

Year-end checklist and tax planning for US subsidiaries

Laws and regulations
Introduction Entering the last few days of the year, it is important to review as a "checklist" some aspects of a tax or regulatory nature that should not be forgotten and that affect all US companies regardless of their size and whether or not they make a profit. Some of them are especially relevant for subsidiaries of international companies or companies owned by residents of other countries. Neglecting these obligations can lead to penalties, fines, costs and headaches that could have easily been avoided. This often occurs after the creation of new companies in the US, a process described in detail in our free guide.We review the most important aspects in this article. Year-end checklist Here are some tasks that should be completed before the end of the year: Review the company's…
Read More
Do you know form 5472? Ignoring it could cost you $25,000… or a lot more!

Do you know form 5472? Ignoring it could cost you $25,000… or a lot more!

Laws and regulations
INTRODUCTION Creating a company in the US is extremely easy compared to other countries, it is a process that we explain in detail in our free guide. However, there are some details that must be taken into account. Ignoring them can be extremely costly. An example is form 5472 of the US tax authority, the Internal Revenue Service or IRS, which, with few exceptions, must be completed annually by foreign companies doing business in the US, as well as US companies that have more than 25% of its capital in the hands of foreign persons (individuals or legal entities), directly or indirectly. WHAT IS FORM 5472? This form is used to inform the IRS of the activities in the US of foreign companies or activities of US companies with more than 25%…
Read More
Keys for the Commercialization of Medical Devices in the US

Keys for the Commercialization of Medical Devices in the US

Laws and regulations
By Maria Jose Lopez Barragan, Ph.D. Markentry USA Partner and Juan Rivera-Mata, Ph. D. Markentry USA Partner Many companies plan their entry into the American market without a good understanding of the legal requirements that govern their products in the US. The FDA (Food and Drug Administration) regulates the consumption not only of drugs and food, but also of veterinary products, cosmetics, tobacco, and so-called “medical devices”.About one-fifth of what American consumers spend is, in one way or another, regulated by the FDA Under the category of medical devices there is a wide variety of products that ranges from complex devices that assist robotic surgery or even artificial organs, to objects that accompany our daily lives and whose perception can be very different from what anyone would consider a medical…
Read More