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by Banker2014
Sun Feb 23, 2014 9:55 pm
Forum: Canada / United States Tax & Accounting
Topic: US Citizen/PR living in Canada (Want to start a business)
Replies: 0
Views: 1684

US Citizen/PR living in Canada (Want to start a business)

I'd like to create a LLP or LLC company with a Canadian citizen but am concerned about my US tax consequences as a US Citizen living abroad.

The particulars:
Gross sales will be between 500K and 1MM.
My ownership portion would be 50%.

Can anyone point me in the right direction?

Thanks in advance
-M