Flipping a foreign entity into a Delaware corporation has become a popular strategy for entrepreneurs and businesses looking to take advantage of the favorable business environment and fundraising opportunities in the United States.
Below we explore the process and legal considerations of flipping a foreign entity into a Delaware corporation, along with the reasons why foreign entities choose to flip.
Additionally, we will discuss important considerations such as intellectual property licensing, treatment of existing preferred stock, convertible notes, SAFEs (Simple Agreements for Future Equity) and tax implications.
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