Canadian and US investor

[Jonathan Leblond]

Hi,

I found a lot of good information on the website concerning the setup of a Canadian and US partnership. Depending on many factors the answer is not straightforward. I’m Canadian and I’m setting a buy and hold business in Albany, NY with an American partner. Here are the concerns I have:

1. Liability

2. Flow-Through

3. Estate tax

I need someone with good knowledge who could orientate my search of the right person who could help me to set up the entity I need. I’m a big fan of Amanda Han and Matthew MacFarland but I doubt they have time to set a startup business like mine. Should I look on the US or Canadian side? Should I look for a CPA first or a Lawyer? Finally, I’m not sure this post belongs here! Should I post it on marketplace?

Thanks all for your help

[Hai Loc]

I would suggest talking to a cross boarder CPA first on either side of boarder. Canada would probably we easier also the fees are in CAD.. Once you have the taxation part figured out you should visit an attorney..  

You mentioned partnership. An LP Limited Partnership is a flow-through to your personal name so pending on your structure you might want the GP and LPs not to be personal names for liability and tax purposes..

I am not a CPA or attorney and this is not advice..