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Canadian citizen incorporating in US

Asked by: tejpal - 31 July, 2011
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 Can a canadian citizen form a corporation in US with another US citizen? What are the ways for that?
Answered by: Monique Blanchard - 7 August, 2011
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/50.jpg-60aa8d118f025d90495307344c27caa8 Tejpal,

Technically you can form a US corporation with US citizen as your partner, however that corporation would have to be C-Corporation (for S-Corporation election all shareholders must be US persons). That means your company will be taxed both on corporate and on personal level, which your US partner (as well as yourself) might not like.

To solve that problem you can form an LLC (since LLC is taxed as partnership and is a pass-through entity).

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