My Age of Investment

The general financing framework has been negotiated, and the remaining details are no longer an issue.

Andrew brought a financing electronic document contract for angel investment.

According to this template contract, several people negotiated the details for several hours and reached a preliminary agreement.

After the official document comes out, let Old John's personal lawyer inspect it again, and there is basically no problem.

Before that, though, they had to register a company for Facebook.

Anyone, regardless of nationality, can register a company in the United States as long as they are at least 18 years old.

The United States implements the principle of registration, and does not need to verify the registered capital. Except for things prohibited by law, it can basically operate.

As long as the name of the new company does not repeat the name of other companies, after submitting a simple filing form, a one-page company initiation clause, and a registration fee of more than $100, international students holding an F-1 visa can complete the company registration process.

Because of Andrew's help in these procedures, the company registration was successfully completed in a few days.

The company is registered in California, and the name translated into Chinese is called "California Facebook Co., Ltd.".

There are five categories of U.S. companies.

Sole proprietorships can only be registered by U.S. residents, generally small businesses, such as individual industrial and commercial households.

Non-profit organizations, universities, foundations, associations, etc.

Type C shares and Type S corporations, as well as LLCs (also called limited liability companies).

Non-U.S. residents can only register C corporations and LLCs.

The joint stock limited company in the United States is almost the same as that in China. It is used to establish an independent legal person status of the company, so as to separate the corporate responsibility from the personal responsibility, so that the company's creditors cannot collect debts from the personal property of the company's shareholders.

The main difference between an S corporation and a C corporation is the tax payment model. An S corporation tends to be a partnership-free tax payment model, that is, only taxing the members of the company and not taxing the company itself.

The C corporation will tax both the company itself and the members of the company, which is what we often call "double taxation".

But the C company has the advantage that it can be listed or registered by foreigners, but the S company cannot.

Moreover, many states currently have minimum tax requirements for C corporations.

In addition, a C corporation is also required to perform some routine functions in accordance with state and federal business laws, such as regular board meetings, formal voting, and so on.

Although the operating cost is a little higher, Xia Jingxing can only choose to register a C-type joint stock company due to identity restrictions.

As for paying taxes, don't worry for the time being, because the website doesn't generate a dime in revenue.

Generated income, you can also use related means to avoid tax.

Why not register an LLC limited liability company?

Because LLCs have no stock, but a hybrid corporate structure, they cannot go public.

Compared with the LLC company, the C-type company has another advantage. It can allocate stock options to employees, or stock dividends to employees as compensation.

This is the so-called equity incentive.

The start-up companies in Silicon Valley are basically registered C-type joint-stock companies, mainly to prepare for listing, but also to easily accept capital injections from investors from other countries.

The company is registered, but the formalities are not completely over.

The state government also required Xia Jingxing and Andrew to do shareholder registration a month later.

After this step is completed, it is really done.

Andrew accompanied Xia Jingxing and the three of them tossing for a few days, initially completed the company registration, got the tax ID, and opened the company's bank account.

At the same time, the drafted investment contract has also passed the inspection of Mr. John's personal lawyer.

Then, in the humble office of the Stanford Entrepreneurship Incubation Base,

Xia Jingxing and the three of them signed a formal investment agreement with Andrew and President John.

Old John and Andrew shook hands with Xia Jingxing, respectively, and said some words of encouragement.

After these were over, everyone had another group photo ceremony.

Xia Jingxing stood in the middle, Christina on the left, Puppy on the right, Andrew and Old John stood at the very edge.

On the white wall behind the five people hangs a classical Chinese ink painting, a picture of Dapeng spreading its wings.

This was a special gift from Liu Hai when he heard from Andrew that Xia Jingxing had opened a company.

It's not worth the money, but it's worth it.

Xia Jingxing hung it on the office wall as a decoration.

Kevin, who was holding a camera to take pictures of the five people, clicked the shutter, and a memorable photo was born.

After taking the photo, Kevin stepped forward and said to Xia Jingxing with a smile, "Congratulations, Darren, you have received a huge investment, and the future is limitless."

"Hehe, thank you! This is just the first step. If you want to grow and develop, you will get more financing in the future."

Xia Jingxing and Kevin were also acquaintances, so they didn't seem particularly polite and spoke directly.

Kevin smiled and nodded. He was actually a little down, because Xia Jingxing invited him to join the Facebook entrepreneurial team more than once.

But every time he was rejected by himself.

It's not that I don't like Facebook and Daeron's team, but I feel that I can't help much if I join in.

But seeing that the other party had received $500,000 in angel investment, and the principal was involved, it would be a lie to say that he was not envious.

However, he would not lick his face to seek a position because of this, after all, he also has self-esteem.

He was thinking in his heart that maybe he should learn programming too, or he might be like a salted fish in the future, doing nothing for the rest of his life.

After the old man John signed the contract, took the photo and left, he was very busy.

Andrew stayed, and he pulled Xia Jingxing aside who was chatting with Kevin.

"Daren, there is something I think I need to communicate with you."

When Xia Jingxing saw the mysterious appearance of the other party, he was a little confused and asked, "What's wrong?"

"Your identity question."

Andrew said bluntly, "F-1 is a study visa, and other than on-campus work and internships, no other additional income is allowed.

If you have other income, it may be determined that you have immigration intentions and you will be deported directly. "

"Then I'll be fine if I don't get paid!"

Xia Jingxing also knew a little about American law, so he guessed that Andrew was exaggerating the facts and frightening himself.

Andrew smiled, "You are not graduating now, otherwise I can transfer you to an H1B work visa.

The OPT internship visa also does not work, you have only been admitted for half a year, and it is still too early to get a degree.

By the way, don't you have more than 600,000 US dollars in your stock account? Do you want me to get you an EB-5 investment visa.

With a green card, you will have a lot less restrictions in the United States, at least you will not be suspected of having "immigrant tendencies".

Your current visa is a bit embarrassing, you can get Facebook dividends, but you can't work for Facebook.

It's nothing to start a company before.

Now that you are opening a company, you must be careful not to be caught by others, especially the Immigration Bureau. "

Xia Jingxing thought for a while and said, "How about I get a CPT internship from Old John?"

CPT, also known as Curriculum Practical Training, is a cooperative course, probationary or practical course closely related to the formal coursework.

If this permit is obtained, students can work off-campus, but the field of work must be related to the major of study, aiming to allow students to apply what they have learned and exercise their abilities in all aspects. The validity period is 12 months.

Andrew's eyes lit up, "This is fine! CPT generally requires one year of admission to apply.

However, as far as your relationship with Old Man John is concerned, can he not let you apply? "

Xia Jingxing smiled lightly, why did he seek Old John as an angel investor?

It's not because the old man can cover himself.

"Then it's fine."

After speaking, Andrew thought that CPT only lasted for one year, so he asked again, "What are you going to do in one year?"

Xia Jingxing pinched his brows, he also took a step by step, as for what to do next, he really didn't think about it.

"Green card, you'd better get one."

Andrew counted with his fingers, "Loans, taxes, company business categories... etc., there are great discounts.

And when you travel to and from the United States in the future, you don’t have to run around to apply for various visas. "

Seeing that Xia Jingxing did not speak, Andrew thought he had concerns, and continued to explain, "You are still Chinese with an American green card, your nationality will not change, you just have the right to permanent residence in the United States.

Do you know the difference between Chinese and overseas Chinese?

The former is an American citizen, and the latter is a Chinese citizen who has only lived in the United States for a long time. "

"I know."

Xia Jingxing nodded and glanced at Andrew, "Do you want to undertake this business?"

The little trick was seen through, Andrew was not ashamed at all, but smiled "hehe", "It's better to find another lawyer than me, I'll give you a discount.

I have invested so much money in you, so I have to get some blood back. "

"I'll talk about this later. I won't move the stock for the time being."

Andrew asked curiously, "Is there still room for the stock to rise?"

Xia Jingxing said with a smile, "I'll tell you if you waive the lawyer's fee."

Andrew pursed his lips and turned his head to the side, as if he hadn't heard.

He pointed to the distance with his chubby finger like a radish, "Look, there is a green card for walking, and the lawyer's fee is waived. I suggest you take it."

Xia Jingxing followed and looked over.

Kristina found Darren and Andrew pointing at her, and walked over.

"What are you talking about?"

Xia Jingxing looked serious, "We are talking about CPT. We have to sign a cooperation agreement with the school to become a cooperative student internship organization. To solve the problem of our part-time job status."

"Oh, then let's talk."

After saying that, Yang Niu walked away again.

"How about it?"

Andrew looked at Xia Jingxing with a wicked smile, "My suggestion is fine!"

"I'm still an eighteen-year-old."

"It's 15 years old in California," Andrew said with a smile. "I've done this kind of business a lot in Chinatown, and the process is very familiar."

"Andrew, you are a real hornworm!"