Snip
Startups would open SVB accounts using what Requarth called a "Cayman sandwich," using holding companies in the Cayman Islands and limited liability companies (LLCs) in the U.S. state of Delaware to avoid a taxation double whammy if the firm was ever sold.
“That’s the standard for how venture-backed companies operate in Latin America,” Requarth said.
End snip
Moi? Mais, oui, mon frère! J’ai de l’expérience avec une LLC du Delaware!
ralph