On December 28, 2020, on a live broadcast on Ahmet Kırtok‘s YouTube channel, our Managing Partner Erdem Mümtaz Hacıpaşaoğlu joined a 1-hour-44-minute guest session titled “Setting Up a Company in America.” Drawing on Clemta‘s experience and a startup-law lens, the session unpacked the U.S. incorporation journey.
The central thesis of the broadcast was clear: setting up a U.S. company doesn’t start with a technical decision: it starts with the parallel design of tax, employment, fundraising and exit; if the design is wrong, the cost of moving from Turkey to the U.S. plays out across years.
State selection: Delaware, Wyoming, Nevada
The broadcast walked through why a Delaware C-Corp is the standard for VC funding, when Wyoming and Nevada become advantageous, and the tax implications of choosing LLC vs. C-Corp: illustrated with concrete cases.
The tax architecture
Federal and state taxes, EIN, double-taxation treaties, and the tax implications of salary/dividend received in Turkey from a U.S. entity were all on the table.
Operational compliance
Bank accounts, payroll, registered agents, BOI reporting and state-level compliance obligations were laid out as a sequenced operational checklist for the Turkish founder.
Highlights from this broadcast
- State: Delaware, Wyoming, Nevada
- Structure: LLC vs. C-Corp tax differences
- Tax: Federal/state, double taxation
- Operations: EIN, bank, payroll, BOI
You can watch the full broadcast on YouTube.
Author
More from Vircon Insights
SAFE & Convertible Instruments at APY TEKMER HUB Investment Program (Week 5)
July 10, 2026Director Liability in a Turkish Joint-Stock Company: Founders, Investor Nominees and Articles 553–560
September 28, 2026The AI Literacy Duty After the Omnibus: What a Turkish Company Must Document
September 25, 2026Getting the IP Out of Founders' and Employees' Heads and Into the Company
September 22, 2026Founder Vesting in a Turkish Joint-Stock Company: Building It Without 'Unvested Shares'
September 21, 2026The First 90 Days of Your US Company: EIN, Bank Account and Tax Calendar
September 11, 2026Related Practice Areas
US Company Formations & Flip-Ups
Delaware C-Corp, flip-up structures, SAFE/convertible notes, 83(b).
View service →Startup Law
Incorporation, founder agreements, ESOP, term sheets, regulatory matters.
View service →Mergers & Acquisitions
End-to-end M&A: due diligence, structuring, documentation, negotiation.
View service →