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As someone based outside the US (Canada), would it be advisable to incorporate in Delaware? If not, how would I go about the income from my side projects?
by ohstopitu 10y ago
As someone based outside the US (Canada), would it be advisable to incorporate in Delaware?
If not, how would I go about the income from my side projects?
- mmastrac 10y agoUnless you plan on stepping foot in the US to do a lot of physical work, or plan on holding US real estate, use a Canadian corporation. I've been dealing with world-wide customers for ~10 years and have never incorporated in the US. You should speak to an accountant before making any decisions, however.
- PerfectElement 10y agoI've been doing the same for a while. SaaS with most customers in the US, but the corporation is in Canada. The only hassle is that 10% of credit card charges fail because banks may block international transactions. So we have to tell clients to call their banks, etc. Not perfect, but better than dealing with cross-border taxes.
- a3camero 10y agoIf you're just starting off you probably don't want to deal with the hassle of dealing with the US and Canadian government. Cross-border tax issues are expensive to deal with and complicated. Many Canadian businesses sell to the US without incorporating there.