When shutting down US operations, foreign businesses should complete several critical compliance steps to ensure a clean exit. The following are some of the compliances that businesses should take into consideration:
Ensure that all exit strategies, including liquidations and trade sales, comply with U.S. tax laws.
Complete all necessary regulatory filings related to the disposition of business interests or assets.
Plan for and comply with any capital gains or exit taxes that may arise from the sale or restructuring of business interests.