3 ms·
The USA sucks for incorporation. Here in Canada, I can create a fully fledged federal corporation that is as bulletproof as any for personal liability, for $200
by ttul 9y ago
The USA sucks for incorporation. Here in Canada, I can create a fully fledged federal corporation that is as bulletproof as any for personal liability, for $200.
Annually, I have to pay $20 to file an annual return. Taxes you can do yourself if they are simple - as in a single consultant.
We don’t have LLCs.
- seanmccann 9y agoYou do have to file 2 tax returns and suffer double taxation for your Canadian corporation. The benefit of a LLC is that it's pass through and reported on your personal tax return. It can minimize tax prep and taxes (YMMV).
- ttul 9y agoWell, it’s not really double taxation because you can just flow through the income to yourself, leading to a loss for the company and a profit to you personally. But you are correct about the two tax return thing. That is a slight bummer.