To my fellow Canucks and anyone who can answer these questions, please do so and share your insight.
I operate an Ecom biz with sales to US based customers only. IT is getting enough sales where I need to start considering the legal aspects of this.
1) When should a Canadian incorporate in the US?
2) If I wish to create a sub brand, and be able to sell it separately down the road, do I create an entirely new LLC or can I register another one under the first?
3) Can anyone shed light on the tax implications, or direct me to an accountant who specializes in Canadians doing biz in the US?
4) Does the business still need to be registered in Canada?
5) Any other useful info?
I spoke with someone who sets up LLc's in Delaware, and has done so for Canadians. I imagine it is a simple process. Benefits I gather are the obvious limited liability, and secondarily makes selling the business down the road much more simple. It is not easy to incorporate in Canada as well or as cheaply is my further understanding.
I operate an Ecom biz with sales to US based customers only. IT is getting enough sales where I need to start considering the legal aspects of this.
1) When should a Canadian incorporate in the US?
2) If I wish to create a sub brand, and be able to sell it separately down the road, do I create an entirely new LLC or can I register another one under the first?
3) Can anyone shed light on the tax implications, or direct me to an accountant who specializes in Canadians doing biz in the US?
4) Does the business still need to be registered in Canada?
5) Any other useful info?
I spoke with someone who sets up LLc's in Delaware, and has done so for Canadians. I imagine it is a simple process. Benefits I gather are the obvious limited liability, and secondarily makes selling the business down the road much more simple. It is not easy to incorporate in Canada as well or as cheaply is my further understanding.
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