This document discusses options for structuring business relationships between Indian and US entities. It presents two scenarios: 1) the Indian entity acts as the holding company and the US entity is a subsidiary, and 2) the US entity is the holding company and the Indian entity is a subsidiary. In both scenarios, the document outlines compliance requirements such as transfer pricing, tax structuring, intellectual property agreements, and business registrations. It recommends forming a limited liability company (LLC), C corporation, or S corporation in the US depending on the specific needs of the business. C corporations provide liability protection for shareholders but profits are subject to double taxation. Delaware is often the preferred state for incorporation due to its flexible corporate laws and low costs.