Okay, that is all very clear... not. If "member" means shareholder, then it seems I better read my paperwork
because I didn't know that
If this is the idea then I'd tend to go with the idea that one foreign held LLC holding another LLC is indeed not going to work either. Which leads me to question how these US flagged yachts owned by foreigners do this.
I had no trouble but also I was immediately exporting Jedi and striking from the register. I guess they then have a state registration
and somehow get away with that when entering other countries?
99.9% of all Panamanian flagged ships are owned by non-Panamanians. I can hardly believe that every US flagged ship and yacht is owned by a US citizen, but the rules sure look that way. Or there is another way to get Internationally recognized documentation
. I still don't understand why then there is this rule
about 75% of shareholders must be US citizens in case of trade
is done. So there are members and there are shareholders, but members are also shareholders. Hmm.. I don't think that conforms to International law.
Jedi is now registered in Holland
and my LLC does not own a boat, just a car and a motorhome. I have all the shares, I thought, or memberships.. I hope :S