jfc123
Newbie
Posts: 10
Registered: 2-25-2005
Location: Claremont CA/Baja
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US Citizen doing business in Mexico?
Can anyone direct me to WebSite or person that might shed some light on how investment, profit and liabilities might impact someone who lives in the
US.
Examples:
I've been asked questions regarding US tax with relation to profit & losses in Mexico owned business by US citizen.
If someone hurts ( falls, slips etc ) themselves on your rented bungalo, can they sue you in the states? Does it make a difference if they paid you in
states (paypal?) for nights in Mexico?
Would appreciate any info.
Thanks
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JESSE
Ultra Nomad
Posts: 3370
Registered: 11-5-2002
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Baker & McKenzie Abogados, S.C.
Edificio Centura Piso 1
Blvd. Agua Caliente 10611
22420 Tijuana, B.C. Mexico
Postal Address:
P.O. Box 1205, Chula Vista, CA 91912-1205
Tel: +52 664 633 4300
Fax:+52 664 633 4399
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MrBillM
Platinum Nomad
Posts: 21656
Registered: 8-20-2003
Location: Out and About
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Mood: It's a Zip-a-Dee-Doo-Dah Day
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Gringo v. Gringo
An American can sue another American in the United States regardless of Where in the World the event occurred. An American can be held criminally
liable for violent acts against another American regardless of where the criminal act occurred.
Every once in awhile, such an event will appear in the news media. There have been a number of such events involving Murder over the years.
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Bruce R Leech
Elite Nomad
Posts: 6796
Registered: 9-20-2004
Location: Ensenada formerly Mulege
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Mood: A lot cooler than Mulege
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yes you must pay US taxes for money earned with your business in Mexico. even if it is just from renting your winter home.
Bruce R Leech
Ensenada
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viabaja
Nomad
Posts: 277
Registered: 10-6-2003
Location: Georgia
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and you'd better have the work permits for your FM3 or FM2
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comitan
Ultra Nomad
Posts: 4177
Registered: 3-27-2004
Location: La Paz
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Mood: mellow
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business
The best advice anyone could give this person (DON'T) business in mexico is for mexicans.
Strive For The Ideal, But Deal With What\'s Real.
Every day is a new day, better than the day before.(from some song)
Lord, Keep your arm around my shoulder and your hand over my mouth.
“The sincere pursuit of truth requires you to entertain the possibility that everything you believe to be true may in fact be false”
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Dave
Elite Nomad
Posts: 6005
Registered: 11-5-2002
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| Quote: | Originally posted by comitan
The best advice anyone could give this person (DON'T) business in mexico is for mexicans. |
I agree.
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dono
Junior Nomad
Posts: 91
Registered: 9-11-2003
Location: Los Barriles B.C.S. Mex
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dono
Junior Nomad
Posts: 91
Registered: 9-11-2003
Location: Los Barriles B.C.S. Mex
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work in america, vacation in baja
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Skeet/Loreto
Ultra Nomad
Posts: 4709
Registered: 9-2-2003
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Doing business in Mexico
there are many people and companies doing legit business in Mexicao.
first; contact a weel recommended Attorney.
Second; contact Co's that have been doing business for many years , such as the Farmers/Veggie Growers, Cattle buyers.
if done properly you should not have any problems.
Keep in mind that mexico does things a little different and Slower
skeet/Loreto
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MrBillM
Platinum Nomad
Posts: 21656
Registered: 8-20-2003
Location: Out and About
Member Is Offline
Mood: It's a Zip-a-Dee-Doo-Dah Day
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Making a living in Mexico
Awhile back, there was a question on this forum to wit:
How can you make a little money in Mexico.
Answer: Bring a LOT of money.
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