US Entity Structures: Legal, IP and Tax Considerations

Our fast-growing startup community has oftentimes seen companies that start from Greece expand overseas to the point where most of their revenue originates from the United States. At the same time, doing business in the US comes with certain legal considerations on a broad range of issues, ranging from customer contracts to IP terms to employee matters to corporate and sales tax.

With that in mind, we felt it would be useful to further explore the US legal & tax system, as well as the entity structures that can be set up in the US, with the benefits and implications each one bares. Last week, Marathon hosted our latest Greek Tech Finance Network event with an agenda devoted to Greek startups entering the US. We had the pleasure to host the international law firm Foley & Lardner, sharing practical insights on US incorporation, tax and IP matters.

Corporate lawyer, David Kantaros, started with a presentation summarizing the pros & cons of each of the different structures that a foreign company with US presence may adopt, covering from subsidiaries vs branches to Delaware setups and flips. Tax expert, Ashley May, walked us through the underlying tax implications in each case, while Chris McKenna, IP expert and ex-founder, took us through the Intellectual Property considerations, protection strategies and points that could turn up in future due diligence. We also had the opportunity to explore the different Visa types that can be issued and the requirements for the relevant E1 Visa and L1/Blanket, as well as discuss commonly used fundraising structures, such as convertible notes, preferred stock, etc.

We believe such discussions are of broader interest for founders and CFOs, and are happy to make the contents of these presentations public. While these materials do not stand for legal advice, we believe they help shed light on the tax and legal aspects of doing business in the US. Stay tuned for further materials to be added to our resources for entrepreneurs coming soon.

None of this post, links to documents, or video, constitutes legal advice from either Marathon nor Foley & Lardner. Specialist legal advice should be taken in relation to specific circumstances. The contents of this webpage are for general information purposes only. Some of the material on this site may have been prepared some time ago. Please contact us if you need comprehensive and up-to-date information on the above.

London Greeks in Tech – Let’s Rock! Vol. 2

A vibrant Greek tech and startup scene has taken shape in London – this is an event to celebrate everything about it!

The recipe is simple: Engineers, founders, marketers, business developers, investors, designers –the list goes on, you know who you are– under the same roof, having drinks and networking with each other!

Those *many* of you who made it last year know what to expect – those of you who didn’t, just ask around, and make sure you won’t miss this!

The event is taking place on Friday, November 15 – here’s the full London #GRiT schedule:

Doors open at 6.00pm

– 7.00pm: The best and brightest Greek startups in London will get on stage to share their story and vision in 5′ each (stay tuned to find out who – you are going to love it!)

– 9.00pm till late: Non-stop networking between Greek tech peers – the first beer is on us!

Address: 80 Eastway, London E9 5JH (5′ walk from Hackney Wick Overground)

Please RSVP here so we have a sense of how many to expect.

About the space: The Old Baths is a 1934 Art Deco building turned into a creative hub, hosting community events, photography studios, a café, plus Gaia Pulses, an award-winning Greek food brand of plant-based, ready-made meals.

If you are a Greek, living in London and working in tech, do not think twice – spread the word and come join us!

See you all on Friday, November 15!

Greeks in Tech: SF Bay Area

We will be visiting the Bay Area in our quest to meet with Greek founders and technologists around the world. Cocktails are on us! 🍸

Wednesday, May 15 at 18:00

The Blacksmith Bar, 2048 Broadway, Redwood City, CA 94063, USA

We believe in connecting relevant people who are doing great things. Plus, we like to have drinks with friends, old and new.

Please RSVP here, so we have a sense of how many to expect.

Bay Area friends, spread the word and see you there!