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There a lot of matters to consider when a European company decides it wants to open operations in the U.S., and one common structure for doing so is anecdotally known as a “flip”—inserting a U.S. corporation above a European entity, often in order to attract U.S. investors. Many U.S. investors would rather invest in U.S. entities (typically Delaware C-corporations), so when a European company attracts the interest of a U.S. investor, it is often asked to do a “flip” in connection with the investment.

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