BNL successfully advised an air mobility startup on its Delaware flip transaction.
The engagement required a comprehensive approach spanning multiple areas of law, including coordination of existing investors’ rights, foreign exchange reporting, U.S. entity structuring, post-flip integration, tax implications, and CFIUS and export control considerations.
Given the complexity of the case, BNL’s advice placed particular emphasis on helping the client structure the transaction in a way that supported both its fundraising timeline and its long-term regulatory posture in the United States.
BNL’s cross-border team, led by a dual-licensed attorney, continues to support international founders in high-growth, regulated industries as they establish and scale their U.S. operations.
Learn more about our U.S. flip advisory experience, or read our guide, What Is a “Delaware Flip”?
Keep going
Related reading for founders entering the U.S.
Legal Guide
How to Set Up a U.S. Subsidiary for a Korean Startup (2026 Guide)
Step-by-step guide for Korean startups opening a U.S. subsidiary: subsidiary vs. Delaware flip, choosing the e…
Read →Legal Guide
Delaware Incorporation for Foreign Founders: U.S. Incorporation A to Z
From "do you even need a U.S. entity?" to the 90-day post-incorporation checklist — a step-by-step guide for i…
Read →Insight · Formation & Management
What Is a “Delaware Flip”? — Moving Your Company Under a US Parent
US VCs keep saying "you need to flip first." A Delaware Flip puts a US C-Corp on top of your home-country comp…
Read →