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Beyond the Flip: Longer-Term Implications of Operating a Multinational Group Structure

U.S. expansion is not simply about forming a new entity. It’s about building a structure that supports the company’s next stage of growth. Before rushing into a Delaware flip or forming a U.S. entity, consider the most common paths founders take—and the trade-offs each involves.

Beyond the Flip: Structuring Your U.S. Expansion for Scale, Not Just Speed

While much attention is paid to the mechanics of the Delaware flip itself, founders should also consider the longer-term implications of operating a multinational group structure.

Understanding the Delaware Flip: What UK Founders Should Know

A “Delaware Flip” is a restructuring whereby a UK (or other non-U.S.) company incorporates a new U.S. parent—typically in Delaware—and executes a share-for-share exchange, with each shareholder of the UK company receiving equivalent shares in the new U.S. holding company.

Establishing and Managing a Business in the UK 2020

  • By
  • Trevor Wood, Steven Farmer, Sukhi Walia, Anne Fairpo, Henrietta Worthington, James Campbell
Establishing and Managing a Business in the UK”, authored by the attorneys of Pillsbury’s London office, is a concise and practical guide for foreign investors in the UK. The guide covers key concerns and topics such as choice of a business entity, tax, employment and immigration, as well as intellectual property, among others.
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