Canadian starting company in the US

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

Moderator: Mark T Serbinski CA CPA

Post Reply
rogerme
Posts: 30
Joined: Tue Mar 22, 2011 8:23 am

Canadian starting company in the US

Post by rogerme »

Hello!

I have a few questions about Canadians starting companies in the US.

One of my co-founders is American. Based on my understanding, we cannot have a S-Corporation since I am an international. So we'll likely go with a C-corporation.

I read somewhere that I cannot be a salaried employee of the company, but can I be an unpaid CEO? Or is it the case that I cannot be an employee of the company whatsoever?

Under the filing, the roles include: President, Secretary, and Treasurer, along with Board of Directors. Which positions am I allowed to be?

Thank you!
Post Reply