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

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
Banker2014
Posts: 1
Joined: Sun Feb 23, 2014 9:43 pm

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

Post by Banker2014 »

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
Post Reply