
Possibly the most important and valuable part of any business transaction with North American companies is legal support. Misunderstandings with your clients and suppliers can be bad for business, and having our team ready to fight for you is irreplacable. We provide expert legal support on various issues relating to both American and Canadian legislation, including but not limited to import/export operations, foreign investments, labor issues, export of capital, international shipments and much more.
What we will do for you:
We know about the complicated issues foreign business operations can come across in the new venues in North America. We know how important it is to have reliable legal support. Our services are not built on theory or assumptions, but real world experience.
Registration of a Corporation in USA and Canada
Opening a business in a new country requires registration to protect your assets and to maximize tax efficiency. Since there are several options, we provide you with the information you need to make the best, most-informed decision. Depending upon your requirements, one of the options shown in the table below will suit you best:
Characteristics |
Sole Proprietorship |
General Partnership |
Limited Liability Company |
Corporation |
Formation |
No permission required |
Agreement of parties involved. No permission required |
File with state for permission |
File with state for permission |
Duration |
Dependent on sole proprietor |
Dissolved by death of partner or bankruptcy |
Typically perpetual |
Perpetual |
Liability |
Sole proprietor has unlimited liability |
Partners have unlimited liability |
Members not personally liable for the debts of the corporation if the LLC properly structured |
Shareholders are not personably liable for the debts of the corporation |
Simplicity of Operation |
Relatively few legal requirements |
Relatively few legal requirements |
Some formal requirements but less formal than corporations |
Formality of board of directors, officers, annual meetings and annual reporting |
Management |
Full control of management and operations |
Typically each partner has an equal voice unless otherwise arranged |
Members have operating agreement that outlines management |
The corporation is managed by the board of directors who are elected by the shareholders |
Taxation |
No taxable entity. Sole proprietor pay all taxes |
Each partner pays tax on his/her share of the income and can deduct losses against other sources of income |
If properly structured there is no tax at the entity level. Income/loss is passed through to members of the LLC |
Corporation is a taxable entity |
We consult with you and show you the issues that will affect you with regard to registration in the US or Canada, as well as offshore zones.
We also:
By working with us, you are guaranteed the following:
Making a decision about a venture as large as this requires help from someone that has been there and can expertly guide and assist you. Our well-trained staff is always ready to offer an immediate response to your inquiries.