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Canadian expanding business to the United States

Asked by: Nicole - 24 May, 2013
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 What are the most significant hurdles that a Canadian with a successful company will face when they want to open a location in the United States?
Answered by: Ray Albert - 25 May, 2013
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/194.jpg-630c771619e92bede7e6f696b56767b9 Nicole,

Without understanding the full scope of your intended business, it's hard for me to give a precise answer, but I will do my best.

Generally speaking, it's very easy to register a company in the United States as a non-U.S. resident. You can apply online, and do not require filing personal, financial or identification documents to the state.

Opening a business bank account is difficult remotely, however, if you are able to cross the border to any state you can open a U.S. bank in-person in almost any bank, and it's typically OK if the bank is located in a different state than the state of registration.

Other than that, depending on the state and type of entity, you may have annual obligations such as an Annual Report, Franchise Taxes, etc.

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