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Updated over 7 years ago,
Can Canadian Corp Act Like An LLC? Cross-border Considerations
Hi, I am a Canadian looking to start investing in buy and holds (small multis, 2-4 units) in Ohio in the next 6-12 months. I've heard about the main benefit of an LLC being that you're farther away from personal liability should someone sue - are there any other benefits? Can a Canadian corporation act in the same way as an LLC, and can they hold real estate in the US?
Basically I'm wanting to learn more about the best way to do this, and pay the least amount of tax (in either country), understanding the cross-border complications add more hassle. Any advice or tips are appreciated!
Also, if anyone has tips on financing/mortgages for Canadians they'd like to share, I'm all ears!