Quote:
Originally posted by WendyB
There is no law which reqires a Nevada corporation to have "employees".
The minimum requirment is one corporate officer, one director, and each corporation must maintain a registered agent within the state of Nevada. By the way, a single person can be appointed by the shareholders for that purpose(s).
A foreign national (non US citizen) is allowed to own a business/corporation, however they may not "work" for the business.
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I was not referring to Nevada law. I was referring to the requirements that Visa USA had put out. They spelled out what each sub-merchant under each IPSP in the US needed. They stated that physical office, not a PO Box, "...with at least one full-time employee" was needed. I got that from searching the old posts right here on GFY from the billing companies, circa Oct 2002. Of course most foreign webmasters who created a "US presence" probably don't have all that and I am sure the billing companies are turning a blind eye to this requirement as well. But if Visa USA ever decided to fully enforce the letter of the law, then they could clamp down on those webmasters and billing companies. So I don't think you are 100% safe by simply opening a nevada corp or any other state corp unless you go all the way.
On the whole I still think this is all a conservative republican plot! Visa is scratching their back to get favorable bankruptcy laws!
