Search found 3 matches
- Fri Dec 03, 2004 8:14 am
- Forum: Canada / United States Tax & Accounting
- Topic: LLC tax treatment in Canada
- Replies: 1
- Views: 5834
LLC tax treatment in Canada
<font face="Arial">I am a US citizen with a consulting business that I have been operating as a single member LLC (neither a corporation nor a partnership in the US). I want to form a mulitmember LLC in the US (Virginia) with a Canadian citizen (Ontario). In the US, my net income from the ...
- Tue Nov 23, 2004 10:38 am
- Forum: Canada / United States Tax & Accounting
- Topic: Owning LLC's in Canada
- Replies: 3
- Views: 5707
I am a US citizen that has a consulting business that I have been operating as a single member LLC (neither a corporation nor a partnership). With a Canadian citizen (Ontario) I want to form a multi-member LLC. In the US, the income from the LLC flows on through to be taxed as personal income, as it...
- Tue Nov 23, 2004 10:35 am
- Forum: Canada / United States Tax & Accounting
- Topic: Owning LLC's in Canada
- Replies: 3
- Views: 5707
I have a similar problem. I have been operating as a single member LLC in the US (effectively a sole proprietor LLC). A Canadian citizen (Ontario) and I want to work together. In the US we can simply form a multi-member LLC, where the income flows through to each of us without the LLC paying taxes. ...