US Business Entity

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.

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serca
Posts: 1
Joined: Wed Mar 16, 2022 8:38 pm

US Business Entity

Post by serca »

A partner and I are looking to start a U.S. business entity but are unsure of which to open. The business will offer B2B services, so no physical product will be involved. It will consist of two owners, one U.S. citizen working in the United States, and one Canadian non-U.S. citizen working from Canada. Is there a business entity that would not result in double taxation but still provide asset protection?

We have been told the Canadian Citizen will not be required to pay U.S. income tax assuming we start a C Corporation. Assuming this is true, would a pass-through LLC / LLC taxed as a C corp result in the same treatment?

Sorry for the long-winded question, having trouble understanding all the rules for both countries. Appreciate any help!
Bill45
Posts: 2
Joined: Fri Mar 25, 2022 7:52 am

Re: US Business Entity

Post by Bill45 »

A business entity is an entity that is formed and administered as per corporate law in order to engage in business activities, charitable work, or other activities allowable. Relevant templates will download from this [url=https://masterbundles.com/templates/pre ... oint/swot/]https://masterbundles.com/templates/pre ... oint/swot/[/url] source. Most often, business entities are formed to sell a product or a service. The specific rules vary by country and by state or province. Some of these types are listed below, by country.
AndreWilliam
Posts: 1
Joined: Wed Dec 28, 2022 12:39 pm

Re: US Business Entity

Post by AndreWilliam »

In your case, this is even more important because you will be making repeat sales, which means that you will need to double count. Have you ever used unique platforms with Shopify to track sales? It seems to me that this makes any task related to the sale of certain goods/services more accessible. Such programs help you track the process from finding a client to making a deal. I think there is also a special campaign that gives you access to manage all the necessary data, add new potential customers and analyze deals. By clicking on the https://revenuegrid.com/platform/einste ... enue-grid/, you can learn more about all its advantages.
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