7.4. Employment Contracts and At-Will Employment . . . . . . . . . . . . . . . . . . . . . . . . . 35 7.5. Worker Classification: Employees vs. Independent Contractors . . . . . . . . . . . . . . . . . 35 8. Legal System and Litigation Considerations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 8.1. CanForeignBusinessesBeSuedintheU.S.? . . . . . . . . . . . . . . . . . . . . . . . . . . 37 8.2. U.S. Court System: Federal vs. State Jurisdiction . . . . . . . . . . . . . . . . . . . . . . . . . 37 8.3. Choice of Forum and Governing Law in Contracts . . . . . . . . . . . . . . . . . . . . . . . . 38 8.4. LitigationCostsandTimeline................................... 39 8.5. Alternative Dispute Resolution (ADR): Arbitration and Mediation . . . . . . . . . . . . . . . . . 39 9. Foreign Investment Restrictions and Compliance . . . . . . . . . . . . . . . . . . . . . . . . . . 42 9.1. RealEstateOwnershipRestrictions................................ 42 9.2. OFACandSanctionsCompliance................................. 42 9.3. Committee on Foreign Investment in the U.S. (CFIUS) Review . . . . . . . . . . . . . . . . . . 42 9.4. Nationality and Residency Requirements for Business Owners . . . . . . . . . . . . . . . . . 43 9.5. Public Disclosure and Reporting Obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 10. Immigration Options for Investors, Employers, and Employees . . . . . . . . . . . . . . . . . . 45 10.1. InvestorVisas........................................... 45 10.2. Employment-Based Visas for Business Owners and Self-Employed Individuals . . . . . . . . . 46 10.3. Employment-Based Visas for Companies Hiring Foreign Workers . . . . . . . . . . . . . . . . . 47 10.4. ImmigrationandWorkAuthorization. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 10.5. Termination, Severance, and Unemployment Insurance . . . . . . . . . . . . . . . . . . . . . 48 10.6.KeyResourcesforEmployers................................... 48 11. Closing a Business and Exit Strategies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 11.1. DissolutionProcess........................................ 51 11.2. AssetLiquidationandTaxFilings................................. 51 11.3. Repatriation of Funds and Regulatory Considerations . . . . . . . . . . . . . . . . . . . . . . . 51 12. Restructuring and Bankruptcy Considerations . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 12.1. Chapter7(Liquidation) ...................................... 53 12.2.Chapter11(Reorganization).................................... 53 12.3.Chapter13(WageEarner’sPlan)................................. 53 12.4. Chapter15(Cross-BorderInsolvency). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 12.5. Can Foreign Investors File for Bankruptcy or Restructuring in the U.S.? . . . . . . . . . . . . . 53 12.6. Advantages of Filing for Bankruptcy in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . 54 12.7. Does a U.S. Bankruptcy Filing Have Effects in Other Countries? . . . . . . . . . . . . . . . . . 54 12.8. Can Foreign Assets Be Included in a U.S. Bankruptcy Filing? . . . . . . . . . . . . . . . . . . . 54 12.9. What If a Foreign Investor Files for Bankruptcy in Another Country? Will the U.S. Recognize It? 54
13. Conclusion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
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